Analysts estimate 10% y/y increase
Austrian banking group publishes preliminary results for 2019
Strong result driven by used car sales
Ticket revenue up 15% on 10 mn passengers
Merged cooperatives unlock growth potential
HUF 28 bn profit boosted by revaluation
CIG Pannónia loses HUF 1.2 bn on reinsurance
Foreign expansion, capital raise on the cards
Figures do not disappoint even after closer scrutiny
Management turn more upbeat
Revenue rose 28.2% y/y
2019 guidance remains on hold
Profit expected to jump from low base
EBITDA expected to grow further
Downstream, consumer services make up for upstream slump
IT group posts HUF 1 bn EBITDA, expects further growth.