reports
- Research Team
WOOD Daily: KLKIM TI; EME Macro/Strategy Weekly – Year Ahead, Part 2; ...
HEADLINES: • Kalekim: compelling growth story yet to be priced in (BUY - reinitiation of coverage) • EME Macro/Strategy: macro all-in-one – the Year Ahead issue, part 2 • Athens Exchange Group: solid delivery in 3Q24, small beat vs. our expectations POSITIVE • Wirtualna Polska: 3Q24 results review – adjusted EBITDA up 3% yoy, in line with the consensus NEUTRAL • GTC: 3Q24 – recurring broadly in line, risk-on after German acquisition NEUTRAL • Romania macro: implications of the presidential elect...
- Research Team
WOOD Daily: EAT PW; EUR PW; CBF PW; MBR PW; ALE PW; VRC PW; TEN PW; PK...
HEADLINES: • AmRest: 3Q24 in line, on a EUR 9m positive one-off NEGATIVE • Eurocash: 3Q24 weak, as expected; FY25E guidance cancelled NEGATIVE • cyber_Folks: 3Q24 results review – 26% yoy adjusted EBITDA growth, 2% above our estimate POSITIVE • Mo-BRUK: 3Q24 EBITDA up 26% yoy, 22-28% above our and the market's expectations POSITIVE • Allegro: 3Q24 EBITDA beat, but yoy decline guided for 4Q24E, due to international operations NEUTRAL • Vercom: 3Q24 results - 28% yoy EBITDA growth, in line with ou...
MTELEKOM MAGYAR TELEKOM TELECOMMUNICATIONS
PKN POLSKI KONCERN NAFTOWY ORLEN S.A.
PGE PGE POLSKA GRUPA ENERGETYCZNA S.A.
LVC LIVECHAT SOFTWARE SA
PPC PUBLIC POWER CORPORATION S.A.
OTP OTP BANK NYRT
EUR EUROCASH S.A.
MBR MO-BRUK S.A.
ETEL TELECOM EGYPT
DIGI DIGI COMMUNICATIONS NV
R22 R22
EAT AMREST HOLDINGS SE
TEN TEN SQUARE GAMES
ALG ALLEGRO.EU SA
VRC VERCOM SA
- Gabor Bukta
Medium quality beat despite a record adj. quarter
OTP beat analysts’ expectations this morning when it reported Q3/24 earnings. Net profit came in at HUF 318.5bn, up 13% and 19% QoQ, a beat of 10% vs. the consensus, driven by higherthan-expected NII (+1% vs. cons) and net other incomes (+29% YoY), which also exceeded the market expectations by 29%. As we flagged out yesterday morning, this line is the less predictable and we believed that we might have significantly underestimated the power of other revenue streams, e.g. revaluation gains. ...
- Research Team
WOOD Daily: OTP HB; CCC PW; DNP PW; INPST NA; MOL HB; WIZZ LN; EUROB G...
HEADLINES: • OTP Bank: solid 3Q24 results, in line with our forecasts; future share price performance depends on growth guidance and/or capital distribution NEUTRAL • CCC: historically-best quarterly EBITDA 9% above our expectations, due to opex control POSITIVE • Dino Polska: 4-8% EBITDA beats in 3Q24, EBITDA back on the rise POSITIVE • InPost: 3Q24 in line with expectations; FY24E guidance upgrade POSITIVE • MOL: 3Q24 results – EBITDA in line with our and the consensus estimates NEUTRAL • Wizz...
MOL MOL NYRT
WIZZ WIZZ AIR HOLDINGS PLC
BDX BUDIMEX S.A.
CCC CCC SA
OTP OTP BANK NYRT
CPS CYFROWY POLSAT SA
GPW WARSAW STOCK EXCHANGE
TPE TAURON POLSKA ENERGIA S.A.
WPL WIRTUALNA POLSKA HOLDING SA
DNP DINO POLSKA S.A.
NBGGY NATIONAL BANK OF GREECE S.A. ADS
NLBR NLB GROUP
INPST INPOST S.A.
GEV GEVORKYAN A.S.
EQS-News: Semperit increases profitability in Q1–3 and confirms outloo...
EQS-News: Semperit AG Holding / Key word(s): Quarter Results Semperit increases profitability in Q1–3 and confirms outlook for 2024 07.11.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Semperit increases profitability in Q1–3 and confirms outlook for 2024 EBITDA plus 12% to EUR 63.9 million, earnings after tax increase to EUR 7.1 million Free cash flow improves to EUR 22.4 million EBITDA guidance of around EUR 80 million confirmed for 2024 Vienna, November 7, 2024 – In the first three quarters of 2024, the Semperit ...
EQS-News: Semperit steigert Profitabilität im Q1–3 und bestätigt Ausbl...
EQS-News: Semperit AG Holding / Schlagwort(e): Quartalsergebnis Semperit steigert Profitabilität im Q1–3 und bestätigt Ausblick für 2024 07.11.2024 / 07:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Semperit steigert Profitabilität im Q1–3 und bestätigt Ausblick für 2024 EBITDA-Plus von 12% auf 63,9 Mio. EUR, Ergebnis nach Steuern steigt auf 7,1 Mio. EUR Free Cashflow auf 22,4 Mio. EUR verbessert EBITDA-Guidance für 2024 mit rund 80 Mio. EUR bestätigt Wien, 7. November 2024 – Die Semperit-Gruppe hat in den ersten drei ...
O`KEY GROUP REPORTS OPERATING RESULTS FOR Q3 2024
O'KEY Group S.A. O`KEY GROUP REPORTS OPERATING RESULTS FOR Q3 2024 06-Nov-2024 / 07:45 CET/CEST The issuer is solely responsible for the content of this announcement. Press release 6 November 2024 O`KEY GROUP REPORTS OPERATING RESULTS FOR Q3 2024 O`KEY Group S.A. (AIX, MOEX: OKEY, the “Group” or the “Company”), one of Russia’s leading food retailers, has announced its unaudited operating results for the third quarter (Q3) and the nine months (9M) of 2024. All materials published by the Group are available on its website at . Q3 2024 operating highlights Group net r...
EQS-News: ANDRITZ verzeichnet solide Entwicklung im dritten Quartal 20...
EQS-News: Andritz AG / Schlagwort(e): 9-Monatszahlen/Quartalsergebnis ANDRITZ verzeichnet solide Entwicklung im dritten Quartal 2024 31.10.2024 / 07:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. GRAZ, 31. OKTOBER 2024. Der internationale Technologiekonzern ANDRITZ verzeichnete im dritten Quartal 2024 trotz des weiterhin herausfordernden wirtschaftlichen Umfelds eine solide Geschäftsentwicklung. Während sich der Auftragseingang im Vergleich zum dritten Quartal 2023 erhöhte, blieb die Rentabilität (EBITA-Marge) stabil und der Umsat...
EQS-News: ANDRITZ reports solid development in Q3 2024
EQS-News: Andritz AG / Key word(s): 9 Month figures/Quarter Results ANDRITZ reports solid development in Q3 2024 31.10.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. GRAZ, OCTOBER 31, 2024 International technology group ANDRITZ reported solid business development in the third quarter of 2024 despite the continuously challenging economic environment. While order intake increased from the third quarter of 2023, profitability (EBITA margin) remained stable, and revenue declined slightly. The increase in order intake was driven by...
- Research Team
WOOD Daily: EMEA Airlines; LPP PW; GEV CP; EME Macro/Strategy Weekly; ...
HEADLINES: • EMEA airlines: 3Q24 traffic, margin descent underway • LPP: regulator initiates proceedings against the company, on the miscommunication of the departure from Russia NEGATIVE • GEVORKYAN: successfully issues EUR 7.5m from the second tranche of its green bond NEUTRAL • EME Macro/Strategy: macro all-in-one (14-20 October) • Sarantis: 3Q24 trading update preview (due on 23 October) • Budimex: 3Q24E EBITDA flat yoy (due on 28 October) • PKO BP: 3Q24E preview (due on 7 November) • OTP Ba...
Semperit AG Holding: 1 director
A director at Semperit AG Holding bought 2,360 shares at 11.400EUR and the significance rating of the trade was 53/100. 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 cl...
OTP Bank Plc: 1 director
A director at OTP Bank Plc sold 33,522 shares at 19,074.736HUF and the significance rating of the trade was 68/100. 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 clearl...
- Gabor Bukta
Model update – No fracture in trends in Q3
We raise our June-25 TP to 24,800 HUF/sh from 23,000 HUF/sh and remain Buy rated on the stock, implying 36% TR upside potential including dividends. OTP is seen to pay out 25% of 2024 profit next year, translating into a DPS of 927 HUF/sh (DivY of 4.9%). Besides this, OTP has been running its 2nd tranche of HUF 60 bn SBB program this year, which will likely support the further appreciation of the stock into year-end.
EQS-News: Semperit: Manfred Stanek appointed new CEO
EQS-News: Semperit AG Holding / Key word(s): Personnel Semperit: Manfred Stanek appointed new CEO 26.09.2024 / 10:05 CET/CEST The issuer is solely responsible for the content of this announcement. Semperit: Manfred Stanek appointed new CEO Vienna, 26 September 2024 – The Supervisory Board of Semperit AG Holding appointed Manfred Stanek as the new CEO of Semperit AG Holding today. He will join the Executive Board on 1March 2025 and take over the role of CEO on 1 April 2025; his mandate as a member of the Executive Board will run until 29 February 2028. Cord Prinzhorn, C...
EQS-News: Semperit: Manfred Stanek zum neuen CEO bestellt
EQS-News: Semperit AG Holding / Schlagwort(e): Personalie Semperit: Manfred Stanek zum neuen CEO bestellt 26.09.2024 / 10:05 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Semperit: Manfred Stanek zum neuen CEO bestellt Wien, 26. September 2024 – Der Aufsichtsrat der Semperit AG Holding hat heute Manfred Stanek zum Vorstandsvorsitzenden der Semperit AG Holding bestellt. Er wird ab 1. März 2025 Mitglied des Vorstands sein und am 1. April 2025 die Rolle des Vorstandsvorsitzenden übernehmen; sein Vorstandsmandat läuft bis 29. Februar 2...
- Egor Fedorov
- Maureen Schuller
CEE bank bonds/Outperforming with a good case for more
The lower supply pressure and turning interest rate cycle have helped CEE bank bonds outperform this year, particularly in the unsecured segment. The relative value metrics of CEE bank bonds remain enticing though versus European comparables, from a bank fundamental and instrument rating angle. We expect to see a further outperformance of CEE names.
- Research Team
The Rear-View Mirror – EME markets: only Czech PX index in positive te...
EME Equity Market – August 2024 A red month for the EME indices, with only the Czech PX index in positive territory. The MSCI EM Europe index declined by 4.7% in EUR terms and 2.6% in USD terms in August. The Czech PX index was the only index to report a positive figure, adding 0.5% mom in EUR terms. The rest of the indices were in the red: the Turkish ISE30 index was down 11.5% mom in EUR terms, followed by Greece (-3.2% mom), Romania (-2.6% mom) and Hungary (-1.2% mom; all in EUR terms). The P...
EUROB EUROBANK ERGASIAS SERVICES & HOLDINGS SA
PEO BANK POLSKA KASA OPIEKI SA
KRU KRUK S.A.
MOL MOL NYRT
EBS ERSTE GROUP BANK AG
BOCH BANK OF COMMERCE HOLDINGS
CEZ CEZ AS
ACP ASSECO POLAND SA
HTO HELLENIC TELECOMMUNICATIONS ORGANIZATION SA
CDR CD PROJEKT S.A.
OMV OMV AG
PKO PKO BANK POLSKI S.A.
KOMB KOMERCNI BANKA A.S.
BHW BANK HANDLOWY W WARSZAWIE S.A.
WIZZ WIZZ AIR HOLDINGS PLC
PZU POWSZECHNY ZAKLAD UBEZPIECZEN SPOLKA AKCYJNA
BSK ING BANK SLASKI S.A.
BDX BUDIMEX S.A.
MTELEKOM MAGYAR TELEKOM TELECOMMUNICATIONS
CAI CA IMMOBILIEN ANLAGEN AG
PKN POLSKI KONCERN NAFTOWY ORLEN S.A.
AKCNS AKCANSA CIMENTO
BRISA BRISA-BRIDGESTONE SABANCI LASTIK SANAYI VE TICARET A.S.
CIMSA CIMENTO SANYAI VE TICARET A.S.
LOGO LOGO YAZILIM SANAYI VE TICARET A.S.
CCC CCC SA
CCOLA COCA-COLA ICECEK A.S.
GTC GLOBE TRADE CENTRE S.A.
DOM DOM DEVELOPMENT SA
BFT BENEFIT SYSTEMS S.A. ALLOTMENT
MGROS MIGROS TICARET A.S
TKNSA TEKNOSA IC VE DIS TICARET AS
PGSUS.E PEGASUS HAVA TASIMACILIGI AS
LVC LIVECHAT SOFTWARE SA
TBCB TBC BANK JOINT STOCK CO
ALPHA ALPHA BANK AE
PPC PUBLIC POWER CORPORATION S.A.
OTP OTP BANK NYRT
CAR INTER CARS S.A.
FROTO FORD OTOMOTIV SANAYI A.S.
THYAO TURK HAVA YOLLARI A.O.
TUPRS TURKIYE PETROL RAFINERILERI A.S.
EUR EUROCASH S.A.
CPS CYFROWY POLSAT SA
MBR MO-BRUK S.A.
GPW WARSAW STOCK EXCHANGE
11B 11 BIT STUDIOS S.A.
ALR ALIOR BANK SA
OTOEL AUTOHELLAS S.A.
WPL WIRTUALNA POLSKA HOLDING SA
BRD BRD-GROUPE SOCIETE GENERALE
TLV BANCA TRANSILVANIA S.A.
ETEL TELECOM EGYPT
MONET MONETA MONEY BANK AS
SNG SOCIETATEA NATIONALA DE GAZE NATURALE ROMGAZ SA
H4L1 HALYK SAVINGS BANK OF KAZAKHSTAN GDR
PBK PATRIA BANK SA
TOFAS TOFAS TURK OTOMOBIL FABRIKASI A.S.
DIGI DIGI COMMUNICATIONS NV
DNP DINO POLSKA S.A.
NBGGY NATIONAL BANK OF GREECE S.A. ADS
BVB S.C. BURSA DE VALORI BUCURESTI S.A.
GEB BANK OF GEORGIA
RICHT RICHTER
19XX NEPI ROCKCASTLE PLC
M MED LIFE
SFG SPHERA FRANCHISE GROUP SA
ADNOCDIST ADNOC DISTRIBUTION PJSC
NLBR NLB GROUP
ESLT ELBIT SYSTEMS LTD
KAP NATIONAL ATOMIC COMPANY KAZATOMPROM
TEN TEN SQUARE GAMES
DUNAHOUSE DUNA HOUSE
KSPI KASPI KZ
PCF PCF GROUP SA
HUGE HUUUGE
4IG 4IG NYRT
IGN1L IGNITIS GRUPE
CTPNV CTP NV
ONE ONE UNITED PROPERTIES SA
GPP GRUPA PRACUJ DA
BCG BALTIC CLASSIFIEDS GROUP PLC
ADNOCDRILL ADNOC DRILLING CO
2381 ARABIAN DRILLING CO.
7202 ARABIAN INTERNET & COMMUNICATIONS SERVICES CO
9526 JAHEZ INTERNATIONAL CO
ELPE HELLENIQ ENERGY
SHO SHOPER SA
4071 ARABIAN CONTRACTING SERVICES CO
7203 ELM CO
AQ AQUILA PART PROD COM
TRESTATES TRADE ESTATES REIC SA
AIRA AIR ASTANA JSC
NOVAL NOVAL PROPERTY
O`KEY GROUP REPORTS 35.4% EBITDA GROWTH FOR THE FIRST HALF OF 2024
O'KEY Group S.A. O`KEY GROUP REPORTS 35.4% EBITDA GROWTH FOR THE FIRST HALF OF 2024 23-Aug-2024 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement. Press release 23 August 2024 O`KEY GROUP REPORTS 35.4% EBITDA GROWTH FOR THE FIRST HALF OF 2024 O`KEY Group S.A. (AIX, MOEX: OKEY, the “Group”), one of Russia’s leading food retailers, has announced its financial results for the first half (H1) of 2024 based on condensed consolidated interim financial statements. All materials published by the Group are available on its website Al...
- Daniel Grossjohann
- Dr. Roger Becker
Sales and incoming orders increase by around 10%, stronger strategic f...
Note regarding MiFID II: This research report has been prepared by order of the issuer based on a contractual agreement and is being compensated for by the issuer. The research report has simultaneously been made publicly available to all interested persons. Hence, the receipt of this research report is to be regarded as a permitted insignificant non-monetary benefit according to § 64 para 7 sentence 2 No. 1 and 2 of the German Securities Trading Act (WpHG). In the first half of 2024, Frequen...
- Daniel Grossjohann
- Dr. Roger Becker
Umsatz und Auftragseingang legen rd. 10% zu, stärkerer strategischer F...
MiFID II – Hinweis: Diese Studie wurde auf Grundlage einer vertraglichen Vereinbarung im Auftrag des Emittenten erstellt und von diesem vergütet. Die Studie wurde gleichzeitig allen Interessenten öffentlich zugänglich gemacht. Der Erhalt dieser Studie gilt somit als zulässiger geringfügiger nichtmonetärer Vorteil im Sinne des § 64 Abs. 7 Satz 2 Nr. 1 und 2 des WpHG. Die Frequentis AG (ISIN ATFREQUENT09, General Standard, FQT GY) hat im ersten Halbjahr 2024 den Umsatz um 10,4% (auf € 206,2 Mio...
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