Report
Research Team

WOOD Daily: EME Macro/Strategy - Romania; CBF PW; VRC PW; PKN PW; ING PW; INPST NA; Turkish automotive; AEGN GA; OPAP GA; TRESTATE GA; AROBS RO

HEADLINES:
- EME Macro/Strategy: Romania in a global context
- cyber_Folks: key takeaways from the 2Q24 results meeting with investors POSITIVE
- Vercom: key takeaways from the 2Q24 results meeting with investors POSITIVE
- Orlen: partner announces start up of Tyrving field in Norway NEUTRAL
- ING Bank: appointment of the next CEO
- InPost: 2Q24E preview – adjusted EBITDA growth of 20% yoy expected (due on 6 September)
- Turkish automotive: ADA releases August light vehicle sales data NEUTRAL
- Aegean Airlines: to invest up to EUR 50m in Volotea, could get up to a 21% stake in the LCC
- OPAP: solid 2Q24 results POSITIVE
- Trade Estates: 1H24 a touch ahead of our estimates, Smart Park drives strong rental growth POSITIVE
- AROBS Transilvania Software: falling 1H24 automotive orders put spotlight on higher fixed cost base NEGATIVE
Underlyings
R22
R22

R22 Sa. R22 SA is a Poland-based holding of technology companies offering: hosting services and domain sales. The Company provides internet services and operating in promising areas of the e-economy. The Company gathers the other companies hosting services, internet domain registration worldwide and services related to the security of transmitted data-SSL certificates. The Company has three operating segments: Domains and hosting, Omnichannel communication services automating electronic communication with recipients and Telecommunication services provided by the Oxylion Group.

VERCOM SA

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
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