Report
Research Team

WOOD Daily: FINT SG; MGROS TI; HMX1R LR; DIGI RO; SNN RO; ALR RO; PL Macro; PL Media; SHO PW; EUR PW

HEADLINES:
• Fintel Energija: all set for the auctions ahead (stays BUY)
• Migros: 2Q21 results in line with expectations NEUTRAL
• HansaMatrix: strong 2Q21 network demand, solid normalised net profit POSITIVE
• DIGI Communications: key takeaways from the 2Q21 earnings call NEUTRAL
• Nuclearelectrica: 2Q21 - conference call takeaways
• Alro: 2Q21 results conference call takeaways
• Poland macro: 2Q GDP print in line with expectations
• Polish media: ad market increases by 41.5% yoy in 2Q21, to PLN 2.7bn POSITIVE
• Shoper: preliminary 2Q21 EBITDA growth slows down to 27% yoy
• Eurocash: 2Q21E results preview - 63% yoy EBITDA decline expected (due on 25 August) NEUTRAL
Underlyings
Alro Slatina

Cyfrowy Polsat SA

Digi Communications NV

Eurocash S.A.

Eurocash, through its subsidiaries, is engaged in the distribution of food products, household chemicals, alcohol, and tobacco products (fast moving consumer goods). Through a range of distribution formats, Co. and its subsidiaries focus its business activities on the wholesale distribution to customers across the wholesale market segments, in particular, to stores throughout Poland such as retail stores, convenience stores at petrol stations, restaurants, hotels and cafeterias. Co. and its subsidiaries operate a range of distribution formats focused on supplying independent stores in Poland, which primarily include: Cash and Carry, Franchise Systems, and Distribution.

HansaMatrix AS

Migros Ticaret A.S

Migros Ticaret is a retailing group based in Turkey. Co. offers spacious stores in a wide range of formats and locations whose vast selection of stationery, glass and kitchenware, appliance, book, clothing, and other items along with groceries and other necessities. Co. maintains a store network of 1,004 national and international locations with a national presence in 70 provinces in Turkey's seven geographical regions. Store brand names include M, MM, MMM, 5M, MigroJet, Tansas, Macrocenter and Ramstores. Co. also provides customers alternatives such as internet, call centers, kiosks, catalogues, and mobile shopping networks.

Societatea Nationala Nuclearelectrica SA

Wirtualna Polska Holding SA

Wirtualna Polska Holding SA is a Poland-based holding company. The Company owns entities that are engaged in the Internet publishing and broadcasting content, including operating business, technology, sports and entertainment portals, as well as electronic mail (e-mail) and electronic commerce (e-commerce). It also offers a range of advertising products, including display ads. The Company operates through such Internet portals as Wirtualna Polska, o2.pl, Money.pl, WP SportoweFakty, Dobreprogramy.pl, WP Parenting, Domodi and Homebook, among others. The Company operates domestically.

Provider
Wood and Company
Wood and Company

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.

Analysts
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