Corporate News
National Bank of Greece <NBGr.AT/ETE GA – Restricted>
1Q23e results out today after market close
NBG releases its 1Q23e results today after the market close. Consensus estimates expect NII at EUR443m, +5% q/q, Fees at EUR85m, -4% q/q, Core PPI at EUR325m, +13% q/q, Provisions at EUR66m, +16% q/q and Net Profit from continues ops. at EUR214m, -6.5% q/q. A conference call will follow today at 18:00.
****
ElvalHalcor <ELHA.AT/ELHA GA – Outperform>
1Q23e results out today amc
ElvalHalcor is set to release its 1Q23e results today after the market close and host a conference call on 24May’23 at 15:00 local time.
Overall, we expect improved demand for aluminium products and the increased aluminium production capacity to drive total volume sales marginally up y/y (to 146.5ktn), more than offsetting the slight drop in copper volumes (base effect).
That said, regarding profitability, we expect a normalization in aluminium adjusted EBITDA per tonne (from the 1Q22 highs due to the solid conversion prices, which absorbed the higher energy costs) to lead to a 15% y/y adj.
EBITDA drop to EUR63.2m (albeit up 56% sequentially). Similarly, we expect adj. net profits to post a decline of 36% y/y to EUR28.1m.
στο Google News και μάθετε πρώτοι όλες τις ειδήσεις
