Report
Jakub Caithaml

WOOD Flash – Duna House: 1Q23 – mortgage and housing markets in Poland and Hungary seem to have turned the corner

Duna House's (DH) entry into Italy (where the defensive CQS product and growing market share of financial intermediaries mitigated the ongoing slowdown of new mortgage originations) drove a positive core EBITDA in 1Q23. On top of this, the 1Q23 results were boosted by handovers of the Forest Hill residential project in Budapest.
Underlying
Duna House

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
Jakub Caithaml

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