WOOD Flash – DataWalk: preliminary 1Q24 results – sales up 100% yoy, to PLN 6.43m
This morning (6 May), DataWalk (DAT) reported its preliminary 1Q24 results: sales reached PLN 6.43m (up 100% yoy, vs. the 2% increase yoy recorded in 4Q23) and an EBITDA loss of PLN 21.73m (vs. the positive PLN 9.56m EBITDA in 1Q23). We see these preliminary 1Q24 results as strong and the initial negative market reaction (-6% intraday) as profit taking, following the recent share price rally (share price up 63% in the past three months). The company has recorded a growth pace in line with its full-year guidance and ambitions for the first time in the past two years, and managed to halve its adjusted operating loss, thanks to employment costs optimisation.
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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