WOOD Flash – Alkaloid: 3Q revenues growth normalises, 4Q shaping up nicely
Alkaloid has posted another solid set of results for 3Q23, with revenues growth normalising, after a brisk first half, but opex also contracting slightly, on lower sales and marketing costs (with doctors extending their summer holidays into September). Speaking to management, 4Q23E is shaping up to be solid as well, including Alkaloid’s target “growth” markets in the EU, but also on the domestic market: both are driven by new product launches, including new in- and out-licensing deals. To date, the company has delivered 75% of its FY23E revenues guidance, and 77% and 79% of its EBITDA and net profit guidance, respectively.
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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