WOOD Flash – Kcell: 1Q22 results review – adjusted EBITDA up 12% yoy, 7% above our expectations
Kcell has reported solid 1Q22 results, with its top line growing 14% yoy, to KZT 50.3bn (3% above our estimate) and its adjusted EBITDA up 12% yoy, to KZT 21.7bn (7% above our estimate). We see the results as positive, due to the beat vs. our forecasts, stemming from the stronger-than-expected top line, and we expect some positive 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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