Strong Food segment earnings offset other lower than expected results from other segments. The Food segment could become a leading food producer in the Baltics. A standalone…

Q3/24 Revenues were inline while profits were below. However, adjusted for one-offs, the profits were above forecast and grew healthily. Several factors indicate a turnaround, but it…

Siauliu Bankas (SAB) has widely outperformed its Estonian peers on the back of a strong Lithuanian economy and shareholder friendly actions taken by the new owners. We…

Q3/24 revenues and profit were below estimates as the sluggish Estonian economy burdened ad spending. We lower our estimates but still expect dividends to cushion the downside….

Q3 Sales and Profits beat estimates, but the economic downturn affects demand. In 2025, we assume an economic recovery leading to a doubledigit underlying profit growth. We…