WOOD Flash – Eurowag (WAG Payment Solutions): solid 1H24 read, EW Office launch progressing
This morning (5 September), Eurowag posted what, in our view, are solid 1H24 numbers, with the adjusted EBITDA – the company’s primary metric – up by 18% on a like-for-like basis. During the earnings call, management reiterated that it is ready start going live with the new EW Office platform in 4Q, and that the trial users – roughly 7k – are mostly pleased with what they have seen; hopefully, this is a sign that the remaining users can be migrated swiftly and with the minimum of churn. The capex that has fuelled the company’s technological transformation is also declining; in the coming 6-18 months, we expect the opex to moderate similarly, as the company will no longer have to both maintain its legacy platforms and develop the new one.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.