WOOD Daily: LPP PW; CZ macro; VGO PW; PCO PW; 11B PW; CPS PW; PPC GA; BOCHGR GA; GEV CP
HEADLINES:• LPP: 2Q24 softer, as we had expected, but below consensus; 32% sales growth in 3Q so far; FY24E guidance broadly maintained NEUTRAL
• Czech Republic macro: CNB cuts by 25bp
• VIGO Photonics: key takeaways from the 2Q24 earnings call NEUTRAL
• Pepco: 4Q24 trading update delayed; negative lfl in 4Q24; sales +10% yoy ytd; EBITDA guidance intact NEUTRAL
• 11 bit studios: Frostpunk 2 at #25 on the Steam top seller list, player reviews continue to recover marginally NEUTRAL
• Cyfrowy Polsat: Solorz children warn CPS managers of control risks NEGATIVE
• Public Power Corporation: acquires 67MW of RES, a RES pipeline and an additional 20% in 840MW CCGT NEUTRAL
• Bank of Cyprus: relists on the ATHEX – change of PT currency and ticker
• GEVORKYAN: 2Q24 lower than expected, but higher capex and new contracts imply new growth potential NEUTRAL
11 BIT STUDIOS SA is a Poland-based company engaged in the game development industry. Its product portfolio includes four games: Anomaly Korea, Sleepwalker's Journey, Funky Smugglers and Anomaly Warzone Earth. The Company produces video games for different devices, such as video consoles, personal computers (PC), and Apple products (iPhone, iPad), among others.
Vigo System SA is a Poland-based company engaged in the production of detectors business sector. The Company is a manufacturer of standard and customized High Operating Temperature cadmium mercury telluride (HgCdTe) detectors. The Company's products are divided into three categories, including Infrared Detectors, Infrared Cameras and Measurement Equipment. The Company sells its products worldwide, including the United States, Canada, Finland and Australia, among others. It also cooperates and sells the products to NASA.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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