4Q22 sales reached EGP3.8 billion, up 28.6% y/y and 47.4% q/q, bringing FY22 sales to EGP11.1 billion, up 20.7% y/y. FY22 hotel revenue reached EGP1.6 billion, up 80.6% y/y, surpassing pre-pandemic levels. FY22 net profit reached EGP1.7 billion, up 3...

Low season in 1Q23; the next quarter will be better! All firms under coverage optimistic over 2023. Construction costs down YoY, but high-end remains in the sky.

4Q22 was best quarter so far; LH, PSH, SC, and SIRI stood out. Strong YoY core profit growth profile for 2023. 2023 launch value expansion, so heavier presales.

4Q22 revenue reached EGP3.0 billion, down 12.6% y/y, taking FY22 revenue to EGP14.7 billion, up 33.0% y/y. 4Q22 net profit reached EGP1.7 billion, taking FY22 net profit up 59.3% y/y to EGP6.6 billion, driven by finance income. EMFD’s net cash positi...

In 2022, Adris recorded a sales revenue of HRK 6.13bn, an increase of 16.4% YoY. Adris sold a total of 1.92m units in 2022, representing an increase of 30% YoY and at 97% of units sold in 2019. In total, the Croatian insurance market grew by 7% YoY i...

4Q22 sales rose 92.1% y/y and 23.8% q/q to EGP8.5 billion, bringing FY22 sales to EGP26.0 billion, up 50.4% y/y. 4Q22 revenue rose 121.6% y/y and 54.5% q/q to EGP4.0 billion, bringing FY22 revenue to EGP13.6 billion, up 76.2% y/y. 4Q22 net profit rea...