Report
Research Team

WOOD Daily: HB CY; EUR PW; HUG PW; EXAE GA; ALR RO; SNP RO; PL Banks

HEADLINES:
• Hellenic Bank: an accretive asset (stays BUY)
• Eurocash: 13% EBITDA beat in 4Q; effective tax rate below 30% POSITIVE
• Huuuge Games: FY22 adjusted EBITDA in line with preliminary guidance NEUTRAL
• Athens Exchange Group: soft 4Q22, but a strong start to 2023
• Alro: takeaways from the 4Q22 earnings call
• OMV Petrom: potential amendments to solidarity tax legislation NEUTRAL
• Polish banks: Polish newswires on works on legislative solution for FX mortgage saga
• Short News (EL, VER)
Underlyings
Alro Slatina

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.

Hellenic Bank Ltd.

Hellenic Exchanges SA

The Hellenic Exchanges is engaged in the following business sectors: trading, clearing, settlement, data feed, IT, exchange services, depository services, clearinghouse services, and other.

Petrom S.A.

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
Research Team

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