EME Equity Market – March 2025 Türkiye hammered, once again. The MSCI EM Europe Index advanced 0.5% in EUR terms and 4.5% mom in USD terms in March. The Czech PX Index was the best performer (+7.0% mom in EUR terms), followed by the Greek ASE (+4.8% mom), Polish WIG (+3.7% mom) and Hungarian BUX(+1.3% mom) indices (all in EUR terms). There was a muted performance from the Romanian BET Index (-0.1% mom in EUR terms). The Turkish ISE30 finished in the red again, declining 9.5% mom in EUR terms.
EQS-News: Wienerberger AG / Key word(s): Annual Results Innovating for a better future – wienerberger’s 2024 Annual Report published 31.03.2025 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement. Innovating for a better future – wienerberger’s 2024 Annual Report published Vienna, March 31, 2025 – In 2024, wienerberger achieved the third-best result in its history, despite a challenging market environment, particularly in the new build sector. The company increased total revenues by 6% to €4.5 billion while maintaining a robust group-le...
EQS-News: Wienerberger AG / Schlagwort(e): Jahresergebnis Innovationen für eine bessere Zukunft – wienerberger veröffentlicht Geschäftsbericht 2024 31.03.2025 / 08:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Innovationen für eine bessere Zukunft – wienerberger veröffentlicht Geschäftsbericht 2024 Wien, 31. März 2025 – Im Jahr 2024 erzielte wienerberger, trotz eines vor allem im Neubausektor herausfordernden Marktumfelds, das drittbeste Ergebnis in der Unternehmensgeschichte. Die Umsätze des Unternehmens stiegen insgesamt um ...
HEADLINES: • Polish banks: pricing and believing (PKO BP, Bank Pekao, Santander BP, mBank, ING BSK, Bank Millennium, Alior Bank, Bank Handlowy) • Asseco Poland: 4Q24 review – net profit up 9% yoy, 9% above the consensus POSITIVE • InPost: 4Q24 in line with expectations; FY25E EBITDA growth guidance in the mid-20%s, but a slow start to the year POSITIVE • Kety: solid full 4Q24 results, with EBITDA 12% above preliminaries POSITIVE • Halyk Bank: 4Q24 review and 2025E guidance highlights • Titan Cem...
The Polish banks have rallied 35% ytd, but the median total return for the LTM has arrived at 18%+ for the Polish banks under our coverage. We feel that the market is currently in a similar place to exactly a year ago. The banks have performed well since the end of last year, but valuations remain attractive, with our 2025-26E median P/Es of 9.0-8.2x, at discounts to the long-term valuation levels and with solid single-digit dividend yields in 1H25E. Our upgraded forecasts imply a 10% median EPS...
HEADLINES: • Polish banks: Financial Stability Committee mentions sanction of free credit risk for consumer loans portfolio NEGATIVE • DataWalk: preliminary 4Q24 results – sales up 19% yoy, to PLN 9.09m POSITIVE • Türkiye macro: putting the CBRT’s emergency rate hike into context • EME Macro/Strategy: macro all-in-one (17-23 March) • GTC: solvency of controlling investor in question, after State Audit Office of Hungary's report • Banca Transilvania: dividend proposal from the 2024 profits NEUTRA...
A director at MBank S.A. sold 1,609 shares at 795.600PLN and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly show...
HEADLINES: • Baltic Classifieds Group: good opportunity to act (upgraded to BUY) • Kalekim: strong results in 4Q24 POSITIVE • Migros: a good set of operating results for 4Q24 POSITIVE • PGE: preliminary 4Q24 EBITDA 11% above our forecast and 27% above the consensus POSITIVE • Pepco Group: strategy update ahead of Capital Markets Day – focus on Pepco banner and CEE region; EUR 200m buyback in 2025-27E; Poundland dragging on FY25E EBITDA guidance POSITIVE • Banca Transilvania: 2025E guidance analy...
Banca Transilvania (TLV) held its 4Q24 results conference call yesterday afternoon (5 March), and provided its guidance for 2025E on a stand-alone basis. We have run the numbers, and tried to estimate the consolidated numbers and stack them against our 2025E forecasts. On our initial analysis, the guidance implies material upside for our 2025E forecasts, which is aligned with the Bloomberg consensus. Banca Transilvania is trading at 7.3x P/E and 1.4x P/BV on our 2025E figures, while the implied ...
EME Equity Market – February 2025 Poland outperforms, again; Türkiye declines. The MSCI EM Europe Index advanced by 3.1% in EUR terms and 2.9% mom in USD terms in February. The Polish WIG20 was, once again, the best performer, adding 7.3% mom in February; followed by the Czech PX Index (+6.1% mom); while Greece (+3.8% mom), Hungary (+3.5% mom) and Romania (+3.0% mom) all reported rather similar performances. The Turkish ISE30 was the worst performer, declining 4.5% mom.
HEADLINES: • Kruk: detailed 4Q24 results, revealing headwinds in Spain NEGATIVE • Erste Bank: small miss on 4Q24 results, but promises strong ROTE outlook for 2025E and adds another round of share buyback potential NEUTRAL • Richter: soft 4Q24 operating results NEGATIVE • Sphera Group: 4Q24 soft, as expected NEGATIVE • Aquila Part Prod Com S.A.: earnings a small beat, bottom line boosted by negative goodwill and low tax rate POSITIVE • Romgaz: 4Q24 results NEUTRAL • DIGI Communications: 4Q24 pre...
EQS-News: Wienerberger AG / Schlagwort(e): Jahresergebnis wienerberger wächst und erhöht Dividende - drittbestes Jahr in der Unternehmensgeschichte (News mit Zusatzmaterial) 26.02.2025 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. wienerberger wächst und erhöht Dividende - drittbestes Jahr in der Unternehmensgeschichte Highlights 2024 Gesamtumsatz von 4,5 Mrd. € (+ 6 %), operatives EBITDA von 760 Mio. € (- 6 %) Free Cashflow von nahezu 420 Mio. € (+ 62 %) Einmaliger Gewinnrückgang aufgrund Negativeffekte – Verkauf Russlan...
EQS-News: Wienerberger AG / Key word(s): Annual Results wienerberger grows and increases dividend – third-best year on record (news with additional features) 26.02.2025 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. wienerberger grows and increases dividend – third-best year on record Highlights 2024 Total revenues of € 4.5 billion (+ 6%), operating EBITDA of € 760 million (- 6%) Free cashflow of close to € 420 million (+ 62%) One-off decline in reported profit due to non-recurring negative effects – sale of Russian business an...
EQS-News: Wienerberger AG / Key word(s): Strategic Company Decision wienerberger pools its smart solution activities in new company Wioniq to drive further growth 17.02.2025 / 09:00 CET/CEST The issuer is solely responsible for the content of this announcement. wienerberger pools its smart solution activities in new company Wioniq to drive further growth Vienna, February 17, 2025 – wienerberger, a leading international provider of innovative, ecological solutions for the entire building envelope, in the fields of new build and renovation, as well as infrastructure in wat...
EQS-News: Wienerberger AG / Key word(s): Miscellaneous Showcasing the Best in Brick Architecture – Submit Your Project for the Brick Award 26 13.02.2025 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement. Showcasing the Best in Brick Architecture – Submit Your Project for the Brick Award 26 Vienna, February 13, 2025 – The Brick Award is an internationally renowned architectural prize that honors innovative, inspiring and outstanding brick architecture. Independent architecture critics, leading experts, visionary architects, and innova...
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