Report

Valamar Riviera Q2 22 - Published Q2 22 results missed RBIe by a wide margin

Reported sales and board revenues below RBIe
Significantly higher than expected negative impact on operating results from the side of material costs
Published Q2 22 EBITDA and EBIT missed RBIe by a wide margin
It seems that operating profitability is suffering from significantly increased raw material costs and electricity prices
We have a negative take on results
Underlying
Riviera Porec d.d.

Provider
Raiffeisen Bank International AG - Institutional Equity
Raiffeisen Bank International AG - Institutional Equity

The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.

The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.

Analysts
Silvija Kranjec

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