Report
Research Team

WOOD Daily: EU Oil and Gas Monthly; BHW PW; MYTIL GA; APR PW; TL Banks; TOASO TI; WPS LN; FTSHP CP; AQ RO; AROBS RO; MAVI TI; GEV CP; PCO PW; LPP PW

HEADLINES:
• European oil and gas monthly: November 2024 – gas inventories down, prices up
• Bank Handlowy: published its 2025-27E strategy on 6 December NEUTRAL
• Metlen Energy & Metals: pushes EC to promote CRMs, as it preps EUR 300m investment to boost bauxite and alumina production, plus brand-new gallium production facility POSITIVE
• Auto Partner: November sales growth slows down to 5% yoy, well below our expectations NEGATIVE
• Turkish banks: BRSA announces financial services companies will not be implementing inflation accounting in 2025 NEUTRAL
• Tofas: decline in workforce NEGATIVE
• WOOD's Winter Wonderland EME Conference 2024
• Eurowag: postcard from Prague
• Footshop: postcard from Prague
• ERRATUM – Aquila Part Prod Com S.A.: postcard from Prague
• AROBS Transilvania Software: postcard from Prague
• Mavi: postcard from Prague
• Tofas: postcard from Prague
• GEVORKYAN: postcard from Prague
• Pepco Group: 2H23/24E preview – EBITDA growth of 18% yoy expected (due out tomorrow)
• LPP: 3Q24E results preview – EBITDA growth acceleration to 13% yoy expected (due on 11 December)
• Short News (CPS, GPP)
Underlyings
AQUILA PART PROD COM

AROBS TRANSILVANIA SOFTWARE SA

Auto Partner SA

Auto Partner SA is a Poland-based company engaged in the auto, truck and motorcycle parts industry. The Company is an importer and distributor of spare parts for cars and light commercial vehicles. Auto Partner SA is an enterprising entity with its headquarters as well as logistic and distribution centre located in Bierun near Tychy. The Company has approximately 60 branch offices across the domestic markets and some representative offices in neighboring countries, in the Czech Republic, Slovakia, Ukraine and Belarus, among others. Auto Partner SA distributes stabilizer links, steering rod end sets, steering rods, suspension arms, pins, rubber - metal parts, power steering pumps and steering gears, among others.

Bank Handlowy w Warszawie S.A.

Bank Handlowy W Warszawie is a Polish bank holding company engaged in a wide range of banking services for individuals and corporate customers in the domestic and foreign markets. Additionally Co. operates in brokerage operations, lease services and investment operations. Customers have access to these services at the branches, ATM's, telephone services and electronic banking services.

FOOTSHOP A.S.

GEVORKYAN A.S.

LPP S.A.

LPP SA Gdansk is clothing manufacturing group based in Poland. Co. is engaged in the design and distribution of clothing. Co.'s headquarters is located in Gdan'sk, including designing resources for all its brands. Co.'s stores offer its customer products that include jackets, shirts, sweaters, dresses, skirts, trousers, jeans, underwear and garment products. Co. also sells promotion clothing under a special selected brand. Co.'s product offering is addressed to a variety of customers for whom separate brands and chain stores are set up. Co. launches clothing under such brand names as: RESERVED, CROPP, MOHITO, HOUSE, and PROMOSTARS.

Mavi Giyim Sanayi ve Ticaret A.S.

Mavi Giyim Sanayi ve Ticaret AS is a Turkey-based company, which designs and manufactures apparel and accessories, under the Mavi brand, for both women and men. The Company offers pants, jackets, shirts, shorts, dresses, skirts, and joggers. The Company operates more than 390 mono-brand Mavi stores with particular presence in Turkey, the United States (following the acquisition of Mavi USA), Canada (following the acquisition of Mavi Canada), Europe (centered on Germany) and Russia, more than 5,000 global points of sale, as well as an online store. It has a retail base in Turkey with more than 200 mono-brand retail stores, more than 60 franchise-operated mono-brand retail stores and more than 400 multi-brand points of sale across the country. Its wholesale partners include Nordstrom, Bloomingdale's and Peek & Cloppenburg.

MYTILINEOS S.A.

Mytilineos Holdings is an industrial group engaged in the sectors of Metallurgy, EPC, Energy, and Defence. Co. and its subsidiaries are engaged in three main operating business segments: Metallurgy, Constructions and Energy. Co. and its subsidiaries monitor its performance on Metallurgy and Mining Sector through the subsidiaries Aluminium S.A. (Alumina-Aluminium) and Sometra S.A. (Zinc-Lead). Co., through its subsidiary, METKA S.A., is an EPC Constructor in Greece.

PEPCO GROUP NV

Tofas Turk Otomobil Fabrikasi A.S.

W.A.G PAYMENT SOLUTIONS PLC

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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.

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