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Weekly picks 06/02/2026

by Stoian Cosmin 06/02/2026
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06/02/2026

TEL RO: Q1 2026 First look | OUTLOOK NEUTRAL

by Stoian Cosmin 06/02/2026

* Transelectrica reported a Q1 2026 net profit of RON 201m, up 27% Y/Y and 28% above our estimate. The positive deviation versus our forecast was driven by stronger-than-expected performance in both the profit-allowed segment and the technological system services …

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06/02/2026

SNG RO: Romgaz signed the Azomureș transaction agreement and disclosed the acquisition price | NEUTRAL

by Stoian Cosmin 06/02/2026

* SNG RO: Romgaz announced the completion of negotiations and board endorsement of the agreement on the purchase of all assets contributing to S.C. Azomureș S.A. production activity and transfer of contracts and employees required to continue the plant activity. …

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06/02/2026

M RO: Q1 2026 Results | NEUTRAL

by Stoian Cosmin 06/02/2026

EBITDA on track, earnings conversion still fragile amid FX risks * MedLife posted Q1 2026 results with net profit at RON 8.8m, down 17% Y/Y and below our RON 13.6m estimate, as D&A came RON 5.7m above our forecast and interest …

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06/02/2026

ALR RO: Q1 2026 Results | NEUTRAL

by Stoian Cosmin 06/02/2026

* For Q1 2026, at the IFRS consolidated level, Alro Group posted a net profit of RON 16.3m, down 21% Y/Y, despite EBIT increasing 2.6x to RON 97.3m and EBITDA rising 92% Y/Y to RON 128.5m. The EBITDA margin widened …

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06/02/2026
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