1Q results – the promise of RUP fulfilled
Tupras has reported its second strong set of results in a row, confirming that the company is now benefiting fully from: its USD 3bn upgrade, the buoyant refining margin environment and discounted heavy crude oils. Despite signs of weakness in the Turkish market, with falling demand for gasoline fuel oil and jet fuel, this is Tupras’ best first quarter EBITDA ever, eclipsing the full-year EBITDA in 2014.
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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