Report
Jonathan Lamb ...
  • Ondrej Slama

WOOD Flash - Petkim: highlights from our site visit

We visited Petkim’s headquarters on Thursday 9 August, for a tour of the production facilities, and to meet management and get their thoughts on the 2Q18 and company strategy. Management laid out a number of programmes that it believes are having a significant impact on Petkim’s performance and have generated USD 23.5m at the operating level so far in 2018. We had the chance to tour the almost-complete STAR refinery, as well as the petrochemical production areas and wind power plant.
Our conclusion is that Petkim is a company on the cusp of a big positive change, through improvements in management and the benefits of the STAR refinery. Management shared with us its recent successes and the programmes that it believes should significantly improve profitability.
Underlying
Petkim Petrokimya Holding AS

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
Jonathan Lamb

Ondrej Slama

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