Emittent / Herausgeber: Photon Energy NV / Schlagwort(e): Vertrag Photon Energy sichert sich zusätzliche Kapazitätsmarktverträge über 139 MW in Polen und erwartet damit einen Umsatz von 12,5 Millionen Euro für 2026 04.04.2025 / 12:43 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Photon Energy sichert sich zusätzliche Kapazitätsmarktverträge über 139 MW in Polen und erwartet damit einen Umsatz von 12,5 Millionen Euro für 2026 Photon Energy bleibt der drittgrößte Aggregator für nachfrageseitige Flexibilität auf dem polnischen Kapaz...
Issuer: Photon Energy NV / Key word(s): Contract Photon Energy Secures Additional Capacity Market Contracts for 139 MW in Poland, Locking in Revenues of EUR 12.5 Million for 2026 04.04.2025 / 12:43 CET/CEST The issuer is solely responsible for the content of this announcement. Photon Energy Secures Additional Capacity Market Contracts for 139 MW in Poland, Locking in Revenues of EUR 12.5 Million for 2026 Photon Energy remains the third-largest demand-side-flexibility aggregator in the Polish capacity market, reinforcing its leadership position The Company secured a t...
HEADLINES: • LPP: mediocre 4Q24 – EBIT 4-5% below expectations, but decent start to the year; FY25E guidance broadly maintained, and FY26-27E guidance of stable margins, despite major sales growth acceleration POSITIVE • EEMEA macro: US reciprocal tariff effects • Trade Estates: strong 2024 results POSITIVE • Motor Oil Hellas: 4Q24 results – CCS EBITDA in line with the consensus, but net income weak NEUTRAL • Eurocash: 4Q24 in line with the prelims NEUTRAL • Text: 4Q24-25 (calendar 1Q25) prelimi...
HEADLINES: • Mavi: a mispriced story with solid fundamentals (BUY - reinitiation of coverage) • Turkish banks: weather vs. climate (reinitiating on Akbank, Garanti, Isbank and Yapi Kredi with HOLDs) • Warsaw Stock Exchange: just move on up (stays BUY) • Benefit Systems: March sports cards addition surprises positively, mostly in Poland POSITIVE • MOL: announces dividend proposal of HUF 275/share NEUTRAL • EU macro: cohesion funds can be deployed for defence, housing and energy investments • Dino...
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.
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...
Issuer: Photon Energy NV / Key word(s): Expansion Photon Energy Commissions Three Solar PV Power Plants in Hungary 17.03.2025 / 07:08 CET/CEST The issuer is solely responsible for the content of this announcement. Photon Energy Commissions Three Solar PV Power Plants in Hungary The new solar PV power plants, with a total capacity of 5.1 MWp, have commenced operations in Tolna, Hungary, set to operate under a merchant model Photon Energy’s proprietary portfolio of PV power plants in Hungary has now reached a total capacity of 57.5 MWp, increasing the Company’s global I...
Emittent / Herausgeber: Photon Energy NV / Schlagwort(e): Expansion Photon Energy nimmt drei Solar-PV-Kraftwerke in Ungarn in Betrieb 17.03.2025 / 07:08 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Photon Energy nimmt drei Solar-PV-Kraftwerke in Ungarn in Betrieb Die neuen Großkraftwerke mit einer Gesamtleistung von 5,1 MWp haben im ungarischen Tolna den Betrieb aufgenommen und sollen auf kommerzieller Basis betrieben werden. Das eigene Portfolio an Kraftwerken von Photon Energy in Ungarn hat nun eine Gesamtkapazität von 57,5 M...
HEADLINES: • CEZ: 4Q24 results a strong beat, FY25E guidance also positive POSITIVE • PKO BP: posts solid 4Q24, and sets solid base for 2025E delivery NEUTRAL • Sarantis: FY24 slightly above guidance; minor guidance upgrade for 2025E POSITIVE • Allegro: 4Q24 EBITDA beat, solid FY25E guidance, PLN 1.4bn buyback POSITIVE • Inter Cars: preliminary 4Q24 net profit rises 41% yoy, but a slight miss vs. expectations NEUTRAL • Shoper: 4Q24 preliminary adjusted EBITDA up 32% yoy, sound 12% beat vs. our f...
Issuer: Photon Energy NV / Key word(s): Contract Photon Energy Secures Contract with Greenvolt Group to Provide Solar Asset Management in Hungary 12.03.2025 / 10:23 CET/CEST The issuer is solely responsible for the content of this announcement. Photon Energy Secures Contract with Greenvolt Group to Provide Solar Asset Management in Hungary Photon Energy has been contracted to manage Greenvolt Group’s 57 MWp Királyegyháza solar photovoltaic (PV) power plant in the Szentlőrinc district. The full asset management contract includes contract management, owner representatio...
Emittent / Herausgeber: Photon Energy NV / Schlagwort(e): Vertrag Photon Energy schließt Vertrag mit Greenvolt Group zur Verwaltung von Solaranlagen in Ungarn ab 12.03.2025 / 10:23 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Photon Energy schließt Vertrag mit Greenvolt Group zur Verwaltung von Solaranlagen in Ungarn ab Photon Energy wurde mit der Verwaltung des 57 MWp Photovoltaik-Kraftwerks Királyegyháza der Greenvolt Group im Bezirk Szentlőrinc beauftragt. Der vollständige Asset-Management-Vertrag umfasst Vertragsmanagement,...
HEADLINES: • Jahez: slightly positive 4Q24 results – beat on adjusted EBITDA, miss on net revenue POSITIVE • EME Macro/Strategy: macro all-in-one (3-9 March) • Auto Partner: February sales growth decelerates to a mere 2% yoy NEGATIVE • PGE: signs PLN 1.26bn agreement to construct energy storage facility NEUTRAL • Aegean Airlines: January-February traffic up 9% yoy NEUTRAL • Turkish Airlines: traffic growth slowed in February NEUTRAL • Turkish food retail: Competition Board launches investigation...
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