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SNN RO: FY 2025 First look | OUTLOOK POSITIVE

by Stoian Cosmin 03/03/2026

* In FY’25, SNN reported a 40% Y/Y increase in net profit to RON 2,398m (+4% vs. our estimate), primarily supported by stronger operating profitability, with EBIT advancing 39% Y/Y to RON 2,374m. The financial result also improved materially, rising …

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03/03/2026

TLV RO: FY 2025 First look | OUTLOOK NEUTRAL

by Stoian Cosmin 03/02/2026

* For FY 2025, at the IFRS individual level, TLV reported a net profit of RON 4,095m, up 16% Y/Y, supported by robust loan growth, a higher NIM and an improved cost-to-income ratio. The result came 2.3% above our forecast of …

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03/02/2026

Weekly picks 03/02/2026

by Stoian Cosmin 03/02/2026
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03/02/2026

Romanian Macroeconomic Pulse, February 2026

by Stoian Cosmin 03/02/2026

* Severe undershooting in Q4 2025 * The economic confidence improved in Feb and seems to be bottoming out, according to the indicator estimated by the EU Commission, represented in the first chart on the right side. The fiscal balance significantly improved in Jan (a surplus of RON …

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03/02/2026

TTS RO: FY 2025 preliminary results | NEUTRAL

by Stoian Cosmin 03/02/2026

* TTS RO: Transport Trade Services published FY 2025 preliminary results | NEUTRAL. * Transport Trade Services reported FY 2025 net profit of negative RON 11m, compared to a positive RON 21m in 2024 and versus our estimate of negative …

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03/02/2026
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