Report
Research Team

Focus: National Bank of Greece - agreement to cancel interest rate swap “Titlos”; MedLife - 4Q18 EBITDA miss on higher opex; CCC - Antimonopoly Office approval of the acquisition of Gino Rossi

HEADLINES:
• National Bank of Greece: agreement to cancel interest rate swap "Titlos" POSITIVE
• MedLife: 4Q18 EBITDA miss on higher opex
• CCC: Antimonopoly Office approval of the acquisition of Gino Rossi
• Coca-Cola HBC: acquires the leading confectionery player in Serbia for EV/EBIT of 10.6x NEUTRAL
• DIGI Communications: 2018 results call - key takeaways
• FTSE March semi-annual index review results NEUTRAL
• Novatek: 4Q18E results preview - a busy year ahead (due on 20 February)
• Short News (JSW/FMF, PL Telecoms)
Underlyings
CCC SA

CCC is engaged in the wholesale and retail trade of clothing and footwear. Co. offers its products to wide range of consumers, from demanding clientele of trendy boutiques to value-oriented medium segment customers, to less wealthy customers seeking reasonably priced quality footwear. Co. pursues a strategy of brand diversification, which is reflected in its three autonomous distribution channels: a chain of official CCC stores, BOTI footwear shops and QUAZI boutiques. Co. offers more than 2,500 designs of footwear. Co. also owns more than 67 proprietary brand names e.g. Lasocki.

Coca-Cola HBC AG

Coca-Cola Hellenic Bottling Co. produces, sells and distributes an extensive portfolio of non-alcoholic ready-to-drink beverages. Co.'s business is engaged in producing, selling and distributing non-alcoholic ready-to-drink beverages under bottlers' agreements with The Coca-Cola Company. In some Territories, Co. also produces, sells, distributes and markets its own brands of juice and Water beverages. In addition, Co. bottles and distributes beer in Bulgaria and Former Yugoslav Republic of Macedonia and Co. distributes a selected number of third party premium spirit brands in certain central and eastern European operations.

Digi Communications NV

Med Life

National Bank of Greece S.A. ADS

NOVATEK JSC Sponsored GDR RegS

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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