WOOD Daily: MCOVB SS; Türkiye macro; KRKG SV; WIZZ LN; EXAE GA; SAB1L ...

HEADLINES: • Medicover: 2Q25 results - a decent beat on operating leverage POSITIVE • Türkiye macro: CBT surprises with a bold cut • Krka: 2Q25 in line with prelims, guidance update in November NEUTRAL • Wizz Air: 1QF26 results - another miss, but focus on a planned shift to slower growth • Athens Exchange Group: 2Q25E preview (due on 28 July) • Artea Bankas: 2Q25E preview (due on 31 July) • BRD-GSG: 2Q25E preview (due on 31 July) • Coca-Cola Içecek – 2Q25E earnings preview (due on 11 August) • ...

WOOD Flash - Wizz Air: 1QF26 results - another miss, but focus on a pl...

Wizz Air’s 1QF26 figures were a slight miss to our forecasts, and a more material one to consensus. The emphasis, this time around, seems mainly on the significant planned refocusing of the business. On top of the recently-announced exit from Abu Dhabi, Wizz Air plans to slow its expansion materially, and is planning to reduce its capacity (ASK) growth rate to around 10-12% in the medium term, from roughly mid-2026E onwards. It also plans to refocus the business towards CEE, unpark all of the gr...

WOOD Daily: AEGN GA; HSBK LI; MONET CP; WIZZ LN; PEO PW; GTC PW; CTPNV...

HEADLINES: • Aegean Airlines: after a strong 1Q, earnings momentum may slow (downgrade to HOLD) • Halyk Savings Bank: acquires 49% of Uzbekistan’s Click POSITIVE • MONETA: 2Q25 results in line - guidance offers CZK 300-400m of upside risk to the bank's 2025E net profit forecast NEUTRAL • Wizz Air: 1QF26 results - EBITDA 5% below our estimate, 14% below consensus NEGATIVE • Bank Pekao: Polish FinMin is drafting a bill to ban the sale of the State-owned shares of the bank NEUTRAL • GTC: Fitch down...

Aegean Airlines: after a strong 1Q, earnings momentum may slow (downgr...

Since upgrading Aegean to a BUY in November last year, the stock has generated a total return of 49%, outperforming its European airline peers by 10%, and the Athens Stock Exchange by 5% over the period. We set our new 12M PT at EUR 14.0/share and downgrade Aegean to HOLD, as we believe the near-term earnings (2Q-3Q25E) could trail last year’s results slightly. After a very strong 1Q25, weaker near-term results could translate into the stock losing some momentum in the coming months. That said, ...

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 07/22/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 22/07/2025

WOOD Daily: EMEA Airlines; GEKTERNA GA; BFT PW; Allegro; JAHEZ AB; TIT...

HEADLINES: • EMEA Airlines: 2Q25 traffic - Easter good, conflict bad • GEK Terna: motorway traffic grows faster than expected in 1H25 POSITIVE • Benefit Systems: changes in the Supervisory Board NEUTRAL • Allegro: expands its delivery network via a partnership with Zabka, adding 11,600+ new pick-up points NEUTRAL • Jahez: takeaways from the conference call on the Snoonu deal POSITIVE • Titan Cement: 2Q25E financial results preview (due on 31 July)

WOOD Flash - EMEA Airlines: 2Q25 traffic - Easter good, conflict bad

Calendar 2Q25 started off well for the sector, benefitting from the Easter effect and low fuel prices, but many airlines experienced disruptions to their networks later in the quarter, following Israel’s attack on Iran. Demand for flying seems broadly resilient so far, with fares helped by limited capacity growth in Europe, due to supply constraints. As we move into the peak season, Air Traffic Control (ATC) remains a bottleneck, especially as parts of the European network remain closed to traff...

Aquila : Synergies taking root

WOOD Daily: DAT PW; EU Macro; CBF PW; SHO PW; OPAP GA; AEGN GA; GTC PW...

HEADLINES: • DataWalk: returning like a phoenix from the ashes (HOLD) • EU macro: Commission presents the new budget • cyber_Folks/Shoper: resign from large acquisition in the e-commerce space and bets on the development of own solutions NEGATIVE • OPAP: Greek gaming market growth accelerates further in May POSITIVE • Aegean Airlines: adds two A321neo XLRs, plans to start flying to India in March 2026E • GTC: buys out German minorities • CD Projekt: free update 2.3 for Cyberpunk 2077 today NEUTR...

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 07/16/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 07/16/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 16/07/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 16/07/2025

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Loxam, Iceland Foods, Nissan Motor, Digi Communications, Biogroup, Assemblin, Altice International, Air France-KLM, Grupo Antolin

ODDO : Focus on best-in-class

ODDO : Cap sur les best-in-class

Credit Morning 07/15/2025

Levi Strauss & Co. is preparing a new offering of euro-denominated unsecured notes (5NC2).|Finnair: agreement reached with IAU|

Morning Crédit 15/07/2025

Levi Strauss & Co. prépare une nouvelle émission obligataire unsecured en euros (5NC2)|Finnair: agreement reached with IAU|

WOOD Daily: ASELS TI; RO Macro; WIZZ LN; PEO PW; GPP PW; LAMDA GA; MON...

HEADLINES: • Aselsan: to tap DIRCM market POSITIVE • Romania macro: Government survives vote of no confidence, as expected • Wizz Air: to exit Abu Dhabi by the end of the summer • Bank Pekao: to book PLN 417m of extra provisions related to various legal risks in 2Q25E NEUTRAL • Grupa Pracuj: new job ads on Pracuj.pl at 395,000 in 1H25, flat yoy NEUTRAL • Lamda Development: completes early repayment of EUR 230m retail bond NEUTRAL • MONETA Money Bank: 2Q25E preview (due on 24 July) • Bank Millenn...