WOOD Flash – Duna House: 2Q24 – EBITDA up 40% yoy in Italy
Duna House’s 2Q24 results were slightly ahead of our estimates, mainly on the stronger performance from the financial intermediation segment. The company delivered solid yoy growth: the EBITDA was up 29% yoy in EUR terms, despite the slightly lower contribution from the apartment sales in 2Q24, compared to 2Q23. The clean, core EBITDA, which tracks the performance of the financial and real estate brokerage business, was up 40% yoy. Management has reiterated the financial guidance for the full year.
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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