WOOD Daily: NRP NA; HSBK LI; THYAO TI; 11B PW; APR PW

HEADLINES: • NEPI Rockcastle: 1H25 good (first look), FFO guidance revised upwards POSITIVE • Halyk Bank: 2Q25 highlights – 2025E guidance revised down, but still targeting >30% ROE NEGATIVE • Turkish Airlines: buys a stake in Air Europa for EUR 300m • 11 bit studios: early access release date for Moonlighter 2: The Endless Vault set as 23 October NEUTRAL • Auto Partner: 2Q25E preview – just flat earnings yoy (due on 18 September)

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 08/19/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 19/08/2025

Digi Communications : Few catalysts materialised, while execution risk...

Credit Morning 08/18/2025

Kantar: slowdown is confirmed in H1 2025 but EBITDA remains up thanks to mix effects|

Morning Crédit 18/08/2025

Kantar : le ralentissement se confirme au S1 2025, mais l’EBITDA reste en hausse grâce au mix|

WOOD Daily: CGEO LN; BIMAS TI; SOKM TI; KLKIM TI; AQ RO; SNG RO; RO Ma...

HEADLINES: • Georgia Capital: multi-sector story (BUY - transfer of coverage) • BIM: solid operating results overshadowed by bottom-line miss in 2Q25 NEUTRAL • Sok Marketler Ticaret: bottom line misses expectations in 2Q25 NEGATIVE • Kalekim: 2Q25 – strong set of results POSITIVE • Aquila Part Prod Com S.A.: 2Q25 – eyeing +6% EBITDA margin for 2H25E POSITIVE • Romgaz: 2Q25 results – better than our forecasts POSITIVE • Romania macro: GDP heading into a tough 2H • DIGI Communications: key takeawa...

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Bite, Digi Communications, Hapag-Lloyd, Borr Drilling, Motel One, Vedanta Resources

Digi (Underweight) Q2 25: Some concerns on KPIs, Portugal fibre roll (...

Digi has reported a disappointing set of results with slower RGU adds in Portugal and Belgium than in Q1, weak ARPU in Spain, and seemed to push out the timetable for the Portugal fibre roll on the call.

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 08/14/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 14/08/2025

Digi Communications : Activation of new businesses starts to weigh on ...

WOOD Daily: NLBR SV; DIGI RO; DOC AV; PL Macro; PL Banks; MBR PW; CEZ ...

HEADLINES: • NLB Group: still cheap, despite the rally (stays BUY) • DIGI Communications: 2Q25 results – adjusted EBITDA down 1% yoy, 2% below our estimate NEGATIVE • DO & CO: 1Q FY26 results above our expectations POSITIVE • Poland macro: GDP growth steady in 2Q • Polish banks: tax on obligatory reserve remuneration may be announced in the coming weeks NEGATIVE • Mo-BRUK: consortium with MBR signs PLN 30m “eco bomb” contract POSITIVE • CEZ: E.ON negotiating, reportedly, with CEZ on the sale of ...

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Bite, Sasol, Digi Communications, Hapag-Lloyd, Solenis

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 08/08/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 08/08/2025

WOOD Daily: CDR PW; PZU PW; MOL HB; ELPE GA; NLBR SV; CCC PW; AKCNS TI...

HEADLINES: • CD Projekt: opening the next chapter (upgraded to BUY) • PZU: CEO Klesyk dismissed NEGATIVE • MOL: 2Q25 results hit by one-off charge NEUTRAL • HELLENiQ Energy: 2Q25 results NEUTRAL • NLB Group: material bottom-line beat in 2Q25, due mainly to provisions and impairments released POSITIVE • CCC: preliminary 2Q25 EBITDA beats expectations by 1-5%, on the top line POSITIVE • Akcansa: 2Q25 conference call takeaways NEUTRAL • Brisa: takeaways from the 2Q25 earnings call POSITIVE • Cimsa:...

CCC : Improvement at Modivo keeps the group’s EBITDA margin on a posit...

WOOD Daily: ALR PW; RICHT HB; ASELS TI; THYAO TI; ISCTR TI; CIMSA TI; ...

HEADLINES: • Alior Bank: solid 2Q25, with a beat vs. the market's expectations on stronger other income and lower LLPs POSITIVE • Richter: 2Q25 results broadly in line NEUTRAL • Aselsan: 2Q25 results – strong beat, driven by operating performance POSITIVE • Turkish Airlines: 2Q25 – EBIT above the consensus on better costs POSITIVE • Isbank: 2Q25 highlights – a mixed bag, but management sounds confident in sharp margin recovery in 2H25E • Cimsa: 2Q25 financial results review – strong revenue grow...

WOOD Daily: EME Macro/Strategy Weekly; ALPHA GA; KAP LI; GEKTERNA GA; ...

HEADLINES: • EME Macro/Strategy: macro all-in-one (28 July-3 August) • Alpha Bank: 2Q25 highlights – an 11% beat vs. our estimate, but CET1 down 50bpts qoq • Kazatomprom: 2Q operational update NEUTRAL • GEK Terna: boosts construction backlog by almost EUR 0.5bn POSITIVE • Wizz Air: July capacity up 8% yoy, load factor down 1ppt NEUTRAL • Budimex: expects a market rebound in 2026E; decision on FBSerwis in the autumn NEUTRAL • Orange Polska: key takeaways from an interview with the CFO NEUTRAL • C...