Report
Research Team

WOOD Daily: TU macro, EU macro, KRKG SV, RICHT HB, PCF PW, H2O RO, SNP RO

• Turkey macro: the real assessment begins now
• Macro Europe: ECB baby steps, as expected
• Krka: 4Q23 earnings hit by an unspecified one-off
• Richter: new pharma levy, but this can be offset against the Global Minimum Tax
• PCF Group: over 30 people laid off, related to Project Gemini
• Hidroelectrica: 2023 preliminary figures and 2024E budget to be published today, after the close
• Petrom: 4Q23E earnings preview (due out on 1 February)
Underlyings
HIDROELECTRICA S.A.

KRKA d.d.

Krka is a public generic pharmaceutical company based in Slovenia. Co. is engaged in the development, production, sale and marketing of human health products (prescription and selfmedication pharmaceuticals and cosmetics), animal health products and health resort and tourist services. Co. focuses on a range of generic prescription pharmaceuticals, which are marketed under Co.'s own brands. Co. offers customers in over 70 countries a broad range of prescription pharmaceuticals, self-medication products and animal health and cosmetic products. Co.'s activities are supplemented by health resort and tourist services of Terme Krka.

PCF Group SA

Petrom S.A.

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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