Brand24 Shares Removed from Monthly Portfolio: Analyzing the Impact of 2Q23 Financial Results

WSE, Warsaw Stock Exchange SA, Analytical Coverage Support Program 4.0, financial results, preliminary results, 2Q23, Brandt24, revenues, EBITDA, EBIT, sales, operating costs, amortization, market reaction, share price.

brand24 shares removed from monthly portfolio analyzing the impact of 2q23 financial results grafika numer 1

Event: Removal of the Company's shares from the monthly portfolio. We remove Brand24’s shares from the long list of our monthly portfolio. Brand24 is the company we prepare reports about commissioned by the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program 4.0.

The rationale behind the removal: (i) following the release of selected 2Q23 financial figures we do not see any ST positive catalysts for the Company’s share price, (ii) while oscillating around the current market level the PLN/US$ rate will exert (ceteris paribus) significantly negative impact on the Company’s 2H23E yoy results dynamic.

GPW’s Analytical Coverage Support Programme 3.0

The Warsaw Stock Exchange's (GPW's) Analytical Coverage Support Programme 3.0 supports investment firms in drafting analytical reports which are financed by GPW. The objective of the Programme is to improve the availability of research covering less liquid companies, facilitating investors' informed investment decisions based on a reliable independent source of issuer information. Eligible to participate in the Programme are companies listed on the GPW Main Market (other than WIG20 participants) and on NewConnect. The Programme covers up to 50 issuers.

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sales wse share price market reaction financial results catalysts revenues EBIT operating costs EBITDA Warsaw Stock Exchange SA Amortization 2Q23 Analytical Coverage Support Program 4.0 preliminary results Brandt24 portfolio removal