reports
- Research Team
WOOD Daily: RO Macro; TUPRS TI; RBW PW; RBW PW; VGO PW; PL Macro; KTY ...
HEADLINES: • Romania macro: minority government in place, commitment to reforms kept • Tupras: jet propelled (stays BUY) • Rainbow Tours: 4Q25 EBITDA 20% above our forecast, but 28% below the consensus POSITIVE • Rainbow Tours: proposes PLN 8.6 DPS (6% yield), 36% below our expectations NEGATIVE • VIGO Photonics 4Q25 results review – adjusted EBITDA of PLN 6.2m, 34% above our estimate; miss on the bottom line due to a tax one-off NEUTRAL • Poland macro: strong end to 1Q, but Hormuz spoils the pi...
SNT SYNEKTIK
KTY GRUPA KETY SA
AKCNS AKCANSA CIMENTO
RBW RAINBOW TOURS S.A.
PPC PUBLIC POWER CORPORATION S.A.
ARCLK ARCELIK A.S.
EUR EUROCASH S.A.
MBR MO-BRUK S.A.
VGO VIGO SYSTEM SA
SAB1L SIAULIU BANKAS
MONET MONETA MONEY BANK AS
DIGI DIGI COMMUNICATIONS NV
MUR2 MURAPOL SA
ZAB ZABKA GROUP
- Nicolas David
SZG SALZGITTER AG
ITP INTERPARFUMS
EKI EKINOPS SA
ISP INTESA SANPAOLO S.P.A.
FAE FAES FARMA S.A.
COFB COFINIMMO SA
SIX2 SIXT SE
ROYAL VOPAK NV
SESL SES-IMAGOTAG SA
UCG UNICREDIT S.P.A.
SHOT SCANDIC HOTELS GROUP
11B 11 BIT STUDIOS S.A.
DGM DIAGNOSTIC MEDICAL SYSTEMS
CSM CORBION NV
PWG PRODWAYS GROUP SA
TGN SOCIETATEA NATIONALA DE TRANSPORT GAZE NATURALE TRANSGAZ S.A.
SPM SAIPEM S.P.A.
LOCAL SOLOCAL GROUP
ATO ATOS SE
- Nicolas David
SZG SALZGITTER AG
ITP INTERPARFUMS
EKI EKINOPS SA
ISP INTESA SANPAOLO S.P.A.
FAE FAES FARMA S.A.
COFB COFINIMMO SA
SIX2 SIXT SE
ROYAL VOPAK NV
SESL SES-IMAGOTAG SA
UCG UNICREDIT S.P.A.
SHOT SCANDIC HOTELS GROUP
11B 11 BIT STUDIOS S.A.
DGM DIAGNOSTIC MEDICAL SYSTEMS
CSM CORBION NV
PWG PRODWAYS GROUP SA
TGN SOCIETATEA NATIONALA DE TRANSPORT GAZE NATURALE TRANSGAZ S.A.
SPM SAIPEM S.P.A.
LOCAL SOLOCAL GROUP
ATO ATOS SE
- Research Team
WOOD Daily: RO Macro; 11B PW; ENA PW; TEN PW; MTELEKOM HB; THEON NA; T...
HEADLINES: • Romania macro: confusion, but some tentative positive signals • 11 bit studios: 4Q25 results review and takeaways from the call NEUTRAL • Enea: 4Q25 conference takeaways NEUTRAL • Ten Square Games: AGM approves DPS of PLN 10.0 NEUTRAL • Magyar Telekom: 1Q26E preview – 2% yoy growth in EBITDA expected (due on 12 May) • Theon International: FY25 earnings call takeaways POSITIVE • Piraeus Bank: AGM 2026 approves EUR 0.4/share capital return NEUTRAL • OTE: 1Q26E results preview – 3% yoy...
- Rok Stibric
- Research Team
WOOD Daily: RO Macro; DVL PW; DOM PW; MUR PW; DIA PW; KTY PW; CPS PW; ...
HEADLINES: • Romania macro: PSD triggers coalition collapse • Polish real estate: from boom to balance (Develia stays BUY, Dom Development (transfer of coverage) and Murapol upgraded to BUY) • Diagnostyka: 4Q25 results below expectations; soft guidance on margins in FY26E NEGATIVE • Kety: proposes PLN 49.05 DPS (4.4% yield), 4% below our expectations NEUTRAL • Cyfrowy Polsat: identifies negative one-offs of PLN 2.8bn; 4Q25E preview update NEGATIVE • Santander Bank Polska (soon to be Erste Bank P...
THEON Publication of 2025 Annual Report & Corporate Updates
THEON Publication of 2025 Annual Report & Corporate Updates PRESS RELEASE Bloomberg (THEON:NA) / Reuters (THEON.AS) 20 April 2026 – is pleased to publish its 2025 Annual Report in respect of the 12 months ended 31 December 2025. To access the report, click . THEON is hosting a webcast for analysts and investors tomorrow (Tuesday, 21 April 2026) at 15:00 Athens Time (13:00 UK Summer Time; 8:00 Eastern Daylight Time) with registration details to access the webcast provided . THEON’s Management team will provide an overview of the performance in 2025 and the expected milestones for 2026,...
- Bruno Cavalier
- Luis de Toledo Heras
EQNR EQUINOR ASA
WCH WACKER CHEMIE AG
GALP GALP ENERGIA SGPS SA CLASS B
APAML APERAM SA
MC LVMH MOET HENNESSY LOUIS VUITTON SE
OUT1V OUTOKUMPU OYJ
TKA TELEKOM AUSTRIA AG
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
EVT EVOTEC SE
UNIQA INSURANCE GROUP AG
EVN EVN AG
MMK MAYR-MELNHOF KARTON AG
ZVTG ZAVAROVALNICA TRIGLAV D.D.
EL ESSILORLUXOTTICA SA
BRBY BURBERRY GROUP PLC
KER KERING SA
VOE VOESTALPINE AG
ACX ACERINOX SA
A1XA4J CARBIOS SA
ENI ENI S.P.A.
VER VERBUND AG CLASS A
01913 PRADA S.P.A.
REP REPSOL SA
POS PORR AG
LNZ LENZING AG
MTELEKOM MAGYAR TELEKOM TELECOMMUNICATIONS
ROS ROSENBAUER INTERNATIONAL AG
VID VIDRALA SA
DOC DO & CO AKTIENGESELLSCHAFT
CAI CA IMMOBILIEN ANLAGEN AG
PAL PALFINGER AG
WIE WIENERBERGER AG
SEM SEMPERIT HOLDING AG
UBS UBM DEVELOPMENT AG
MONC MONCLER SPA
VIG VIENNA INSURANCE GROUP AG WIENER VERSICHERUNG GRUPPE
PYT POLYTEC HOLDING
ZAG ZUMTOBEL GROUP AG
POST OSTERREICHISCHE POST AG
ENC ENCE ENERGIA Y CELULOSA SA
STR STRABAG SE
BC BRUNELLO CUCINELLI S.P.A.
CFR COMPAGNIE FINANCIERE RICHEMONT SA
FLU FLUGHAFEN WIEN AG
FACC FACC AG
TRP TERAPLAST
BP. BP P.L.C.
AMAG AMAG AUSTRIA METALL AG
SANT S&T AG
AGR AGRANA BETEILIGUNGS-AG
FQT FREQUENTIS AG WIENER
FAST FASTNED
FPE3 FUCHS PETROLUB SE
ZGN ERMENEGILDO ZEGNA NV
SHEL SHELL PLC
TTS TRANSPORT TRADE SVCS
AQ AQUILA PART PROD COM
4X0 STEYR MOTORS AG
1AST ASTA ENERGY SOLUTIONS AG
- Ahmed Ben Salem
HEIA HEINEKEN NV
PUB PUBLICIS GROUPE SA
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
APAML APERAM SA
MC LVMH MOET HENNESSY LOUIS VUITTON SE
OUT1V OUTOKUMPU OYJ
TKA TELEKOM AUSTRIA AG
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
ERIC B TELEFONAKTIEBOLAGET LM ERICSSON CLASS B
UNIQA INSURANCE GROUP AG
EVN EVN AG
MMK MAYR-MELNHOF KARTON AG
ZVTG ZAVAROVALNICA TRIGLAV D.D.
EL ESSILORLUXOTTICA SA
BRBY BURBERRY GROUP PLC
KER KERING SA
VOE VOESTALPINE AG
ACX ACERINOX SA
ENI ENI S.P.A.
VER VERBUND AG CLASS A
VOW3 VOLKSWAGEN AG PREF
01913 PRADA S.P.A.
REP REPSOL SA
POS PORR AG
LNZ LENZING AG
MTELEKOM MAGYAR TELEKOM TELECOMMUNICATIONS
ROS ROSENBAUER INTERNATIONAL AG
DOC DO & CO AKTIENGESELLSCHAFT
CAI CA IMMOBILIEN ANLAGEN AG
PAL PALFINGER AG
WIE WIENERBERGER AG
SEM SEMPERIT HOLDING AG
UBS UBM DEVELOPMENT AG
MONC MONCLER SPA
VIG VIENNA INSURANCE GROUP AG WIENER VERSICHERUNG GRUPPE
PYT POLYTEC HOLDING
ZAG ZUMTOBEL GROUP AG
POST OSTERREICHISCHE POST AG
STR STRABAG SE
BC BRUNELLO CUCINELLI S.P.A.
CFR COMPAGNIE FINANCIERE RICHEMONT SA
FLU FLUGHAFEN WIEN AG
FACC FACC AG
TRP TERAPLAST
BP. BP P.L.C.
AMAG AMAG AUSTRIA METALL AG
SANT S&T AG
AGR AGRANA BETEILIGUNGS-AG
FQT FREQUENTIS AG WIENER
ZGN ERMENEGILDO ZEGNA NV
SHEL SHELL PLC
TTS TRANSPORT TRADE SVCS
AQ AQUILA PART PROD COM
ALIV SDB AUTOLIV INC.
4X0 STEYR MOTORS AG
1AST ASTA ENERGY SOLUTIONS AG
- Bruno Cavalier
- Luis de Toledo Heras
EQNR EQUINOR ASA
WCH WACKER CHEMIE AG
GALP GALP ENERGIA SGPS SA CLASS B
APAML APERAM SA
MC LVMH MOET HENNESSY LOUIS VUITTON SE
OUT1V OUTOKUMPU OYJ
TKA TELEKOM AUSTRIA AG
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
EVT EVOTEC SE
UNIQA INSURANCE GROUP AG
EVN EVN AG
MMK MAYR-MELNHOF KARTON AG
ZVTG ZAVAROVALNICA TRIGLAV D.D.
EL ESSILORLUXOTTICA SA
BRBY BURBERRY GROUP PLC
KER KERING SA
VOE VOESTALPINE AG
ACX ACERINOX SA
A1XA4J CARBIOS SA
ENI ENI S.P.A.
VER VERBUND AG CLASS A
01913 PRADA S.P.A.
REP REPSOL SA
POS PORR AG
LNZ LENZING AG
MTELEKOM MAGYAR TELEKOM TELECOMMUNICATIONS
ROS ROSENBAUER INTERNATIONAL AG
VID VIDRALA SA
DOC DO & CO AKTIENGESELLSCHAFT
CAI CA IMMOBILIEN ANLAGEN AG
PAL PALFINGER AG
WIE WIENERBERGER AG
SEM SEMPERIT HOLDING AG
UBS UBM DEVELOPMENT AG
MONC MONCLER SPA
VIG VIENNA INSURANCE GROUP AG WIENER VERSICHERUNG GRUPPE
PYT POLYTEC HOLDING
ZAG ZUMTOBEL GROUP AG
POST OSTERREICHISCHE POST AG
ENC ENCE ENERGIA Y CELULOSA SA
STR STRABAG SE
BC BRUNELLO CUCINELLI S.P.A.
CFR COMPAGNIE FINANCIERE RICHEMONT SA
FLU FLUGHAFEN WIEN AG
FACC FACC AG
TRP TERAPLAST
BP. BP P.L.C.
AMAG AMAG AUSTRIA METALL AG
SANT S&T AG
AGR AGRANA BETEILIGUNGS-AG
FQT FREQUENTIS AG WIENER
FAST FASTNED
FPE3 FUCHS PETROLUB SE
ZGN ERMENEGILDO ZEGNA NV
SHEL SHELL PLC
TTS TRANSPORT TRADE SVCS
AQ AQUILA PART PROD COM
4X0 STEYR MOTORS AG
1AST ASTA ENERGY SOLUTIONS AG
- Ahmed Ben Salem
HEIA HEINEKEN NV
PUB PUBLICIS GROUPE SA
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
APAML APERAM SA
MC LVMH MOET HENNESSY LOUIS VUITTON SE
OUT1V OUTOKUMPU OYJ
TKA TELEKOM AUSTRIA AG
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
ERIC B TELEFONAKTIEBOLAGET LM ERICSSON CLASS B
UNIQA INSURANCE GROUP AG
EVN EVN AG
MMK MAYR-MELNHOF KARTON AG
ZVTG ZAVAROVALNICA TRIGLAV D.D.
EL ESSILORLUXOTTICA SA
BRBY BURBERRY GROUP PLC
KER KERING SA
VOE VOESTALPINE AG
ACX ACERINOX SA
ENI ENI S.P.A.
VER VERBUND AG CLASS A
VOW3 VOLKSWAGEN AG PREF
01913 PRADA S.P.A.
REP REPSOL SA
POS PORR AG
LNZ LENZING AG
MTELEKOM MAGYAR TELEKOM TELECOMMUNICATIONS
ROS ROSENBAUER INTERNATIONAL AG
DOC DO & CO AKTIENGESELLSCHAFT
CAI CA IMMOBILIEN ANLAGEN AG
PAL PALFINGER AG
WIE WIENERBERGER AG
SEM SEMPERIT HOLDING AG
UBS UBM DEVELOPMENT AG
MONC MONCLER SPA
VIG VIENNA INSURANCE GROUP AG WIENER VERSICHERUNG GRUPPE
PYT POLYTEC HOLDING
ZAG ZUMTOBEL GROUP AG
POST OSTERREICHISCHE POST AG
STR STRABAG SE
BC BRUNELLO CUCINELLI S.P.A.
CFR COMPAGNIE FINANCIERE RICHEMONT SA
FLU FLUGHAFEN WIEN AG
FACC FACC AG
TRP TERAPLAST
BP. BP P.L.C.
AMAG AMAG AUSTRIA METALL AG
SANT S&T AG
AGR AGRANA BETEILIGUNGS-AG
FQT FREQUENTIS AG WIENER
ZGN ERMENEGILDO ZEGNA NV
SHEL SHELL PLC
TTS TRANSPORT TRADE SVCS
AQ AQUILA PART PROD COM
ALIV SDB AUTOLIV INC.
4X0 STEYR MOTORS AG
1AST ASTA ENERGY SOLUTIONS AG
- Research Team
WOOD Daily: APR PW; MUR PW; ENA PW; PGE PW; PZU PW; CEZ CP; ARCLK TI
HEADLINES: • Auto Partner: 4Q25 EBITDA 4% above the consensus and 5% below our estimate NEUTRAL • Murapol: 4Q25 conference call takeaways POSITIVE • Enea: proposes PLN 0.56 DPS from the 2025 profit NEUTRAL • PGE: recommends no dividend payment for 2025 NEUTRAL • PZU: conclusion of competition for Management Board member – former CFO not on the list • CEZ: PM Babis says first steps towards privatisation at upcoming AGM NEUTRAL • Arcelik: 1Q26E earnings preview (due on 22 April) • Short News (CBF)
- Research Team
WOOD Daily: MUR PW; ENA PW; XTB PW; MBR PW; 11B PW; ALR PW; MIL PW; PE...
HEADLINES: • Murapol: 4Q25 slightly below our forecasts, but close to the consensus NEUTRAL • Murapol: 1Q26 sales up 8% yoy, handovers significantly lower NEUTRAL • Enea: 4Q25 in line with the preliminaries NEUTRAL • XTB S.A.: KNF issues PLN 20m fine over historical onboarding and product governance shortcomings NEGATIVE • Mo-BRUK: new contract signed for PLN 6.9m net NEUTRAL • 11 bit studios: revised amortisation method for Frostpunk 2 and The Alters NEUTRAL • Alior Bank: 1Q26E preview (due on ...
- Research Team
WOOD Daily: MTLN GA; DVL PW; SNT PW; 11B PW; OPL PW; CEZ CP; DIGI RO; ...
HEADLINES: • Metlen Energy & Metals: 2025 EBITDA drops 30% to EUR 753m, in line with warning NEUTRAL • Develia: 4Q25 conference call takeaways NEUTRAL • Synektik: solid delivery for the FY 2Q25 (CY 1Q26) order book NEUTRAL • 11 bit studios: new publishing project announced NEUTRAL • Orange Polska: 1Q26E preview – 6% yoy EBITDAaL growth expected (due on 22 April) • CEZ: Dukovany can operate until 2065-67 POSITIVE • DIGI Communications: new share issuance; new price target • NLB Group: takeover bi...
- ING Helpdesk
Benelux Morning Notes
Euronext: Unsurprisingly strong quarter. Fagron: Somewhat softer 1Q26 expected, FY guidance maintained. Randstad: Preview 1Q26F results due 22 April; consensus released. Staffing: French staffing: February touch softer but March outlook better. Theon International: Teaming up with Rheinmetall
THEON Signs Strategic Agreement with RHEINMETALL for the Development a...
THEON Signs Strategic Agreement with RHEINMETALL for the Development and Supply of the PHYLAX Stabilized Multi-Sensor System PRESS RELEASE Bloomberg (THEON:NA) / Reuters (THEON.AS) 8 April 2026 – Theon Sensors SA, a fully owned subsidiary of , has signed a strategic agreement with Rheinmetall Electronics GmbH (RHEINMETALL) for the development, qualification and serial supply of a stabilized multi-sensor electro-optic system based on THEON’s latest PHYLAX technology, marking an important milestone in THEON’s expansion into advanced electro-optical solutions for modern combat vehicles. RHE...
- Research Team
WOOD Daily: EU Oil and Gas Monthly; TXT PW; CAR PW; TEN PW; RICHT HB; ...
HEADLINES: • European oil and gas monthly: March 2026 – fingers crossed, for now • Text: key takeaways from the 4Q25-26 preliminary earnings call POSITIVE • Inter Cars: March sales up by 20% yoy POSITIVE • Ten Square Games: 1Q26 bookings up by 3% qoq NEUTRAL • Richter: proposes dividend of HUF 656/share POSITIVE • Romania macro: NBR on hold • GEK Terna: 2025 results beat across the board POSITIVE • BIM: BoD to propose DPS of TRY 14 NEUTRAL
- Research Team
WOOD Daily: DVL PW; TXT PW; GPP PW; 11B PW; JMT PL; ALPHA GA; TL Autom...
HEADLINES: • Develia : 4Q25 EBIT and net income 26% above our expectations, following stronger gross margin and lower SG&As POSITIVE • Develia: preliminary agreement to acquire major residential project in Gdańsk POSITIVE • Text: 4Q25-26 (calendar 1Q26) preliminary results – MRR of USD 6.93m (down 0.7% qoq and 2.7% yoy) NEGATIVE • Grupa Pracuj: key takeaways from the 4Q25 earnings call • 11 bit studios: announces DLC for Frostpunk 2 and Nintendo Switch port of Frostpunk POSITIVE • Jeronimo Marti...
- Research Team
The Rear-View Mirror – EME markets: all indices down; energy the only ...
EME Equity Market – March 2026 All indices decline, with Greek ASE posting the steepest loss. The MSCI EM Europe Index fell 8.0% mom in EUR terms and 10.8% mom in USD terms in March. The Greek ASE was the worst performer (-9.3% mom); followed by the Czech PX (-6.7% mom); the Hungarian BUX (-6.2% mom); the Turkish ISE30 (-5.1% mom); and the Polish WIG20 (-4.5% mom; all in EUR terms). The Romanian BET proved the most resilient, declining just 1.2% mom, in EUR terms.
PEO BANK POLSKA KASA OPIEKI SA
JMT JERONIMO MARTINS SGPS S.A.
OPAP GREEK ORGANISATION OF FOOTBALL PROGNOSTICS SA
MOL MOL NYRT
CEZ CEZ AS
ACP ASSECO POLAND SA
CDR CD PROJEKT S.A.
RBI RAIFFEISEN BANK INTERNATIONAL AG
SNT SYNEKTIK
OMV OMV AG
PKO PKO BANK POLSKI S.A.
TITK TITAN CEMENT CO. SA
BHW BANK HANDLOWY W WARSZAWIE S.A.
BIMAS BIM BIRLESIK MAGAZALAR A.S.
WIZZ WIZZ AIR HOLDINGS PLC
SPL SANTANDER BANK POLSKA SA
MIL BANK MILLENNIUM SA
BDX BUDIMEX S.A.
GEKTERNA GEK TERNA
MTELEKOM MAGYAR TELEKOM TELECOMMUNICATIONS
PKN POLSKI KONCERN NAFTOWY ORLEN S.A.
LPP LPP S.A.
ASELS ASELSAN ELEKTRONIK SANAYI VE TICARET A.S. CLASS B
CCC CCC SA
CCOLA COCA-COLA ICECEK A.S.
DOM DOM DEVELOPMENT SA
AEGN AEGEAN AIRLINES SA
RBW RAINBOW TOURS S.A.
ENA ENEA S.A.
BFT BENEFIT SYSTEMS S.A. ALLOTMENT
MGROS MIGROS TICARET A.S
PGE PGE POLSKA GRUPA ENERGETYCZNA S.A.
PGSUS.E PEGASUS HAVA TASIMACILIGI AS
APR AUTO PARTNER SA
TPEIR PIRAEUS BANK SA
PPC PUBLIC POWER CORPORATION S.A.
OTP OTP BANK NYRT
CAR INTER CARS S.A.
THYAO TURK HAVA YOLLARI A.O.
GPW WARSAW STOCK EXCHANGE
11B 11 BIT STUDIOS S.A.
TPE TAURON POLSKA ENERGIA S.A.
DAT DATAWALK SA
ALR ALIOR BANK SA
VGO VIGO SYSTEM SA
WPL WIRTUALNA POLSKA HOLDING SA
BELA JUMBO S.A.
SAB1L SIAULIU BANKAS
TLV BANCA TRANSILVANIA S.A.
SNP PETROM S.A.
DNP DINO POLSKA S.A.
RICHT RICHTER
MAVI MAVI GIYIM SANAYI VE TICARET A.S.
R22 R22
SOKM SOK MARKETLER TICARET AS
ESLT ELBIT SYSTEMS LTD
TEN TEN SQUARE GAMES
ALG ALLEGRO.EU SA
CZG CESKA ZBROJOVKA GROUP
KSPI KASPI KZ
HUGE HUUUGE
4IG 4IG NYRT
IGN1L IGNITIS GRUPE
WPS W.A.G PAYMENT SOLUTIONS PLC
PCO PEPCO GROUP NV
VRC VERCOM SA
GPP GRUPA PRACUJ DA
2381 ARABIAN DRILLING CO.
7202 ARABIAN INTERNET & COMMUNICATIONS SERVICES CO
SHO SHOPER SA
ACAG AUSTRIACARD HOLDINGS AG
H2O HIDROELECTRICA S.A.
7203 ELM CO
OPTIMAr OPTIMA BANK S.A.
MUR2 MURAPOL SA
TRESTATES TRADE ESTATES REIC SA
THEON THEON INTERNATIONAL PLC
AIRA AIR ASTANA JSC
GEV GEVORKYAN A.S.
PRIUA PRIMOCO UAV SE
BOCHGR BANK OF CYPRUS
ZAB ZABKA GROUP
DSPW DOOSAN SKODA POWER A.S.
PE RO PREMIER ENERGY
- Research Team
WOOD Daily: ACP PW; DAT PW; KTY PW; PGE PW; TPE PW; WPL PW; PKN PW; RB...
HEADLINES: • Asseco Poland: 4Q25 review – net profit up 4.5x yoy, in line with the consensus; 2026 backlog up 19% yoy NEUTRAL • DataWalk: actual 4Q25 numbers fully in line with preliminaries NEUTRAL • Kety: preliminary 1Q26 EBITDA and net profit above our expectations POSITIVE • PGE: decent 4Q25 preliminary results (adjusted recurring EBITDA 17% above expectations), distorted by one-offs POSITIVE • Tauron: 4Q25 conference call takeaways NEUTRAL • Wirtualna Polska: announces tender to acquire own...
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