WOOD Flash – GEVORKYAN: 4Q23 results broadly in line; new contracts from Poland and Sweden
GEVORKYAN published its 2023 annual report on 30 April, with the audited financial results for 2023. In 4Q23, GEVORKYAN reached EBITDA of EUR 3.8m (-33% yoy) on revenues of EUR 20.2m (+12% yoy); while, in 2023, its net debt to EBITDA stood at 3.5x, and the FCFF was at -EUR 4.2m. The results were broadly in line with our estimates and we expect a neutral market reaction.
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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