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FXMAG>Articles>Stocks>Analytical Report – 3Q22 EBITDA - Rainbow Tours
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Poland’s Strong Consumption and Investment Point to Robust Growth with Mild Inflation Outlook

Poland’s Strong Consumption and Investment Point to Robust Growth with Mild Inflation Outlook

Ukraine Peace Deal Hopes Weigh on EUR Inflation Swaps as Real Rates Hit New Highs

Ukraine Peace Deal Hopes Weigh on EUR Inflation Swaps as Real Rates Hit New Highs

Germany’s Economy: Three Years of Stagnation With Only Limited Signs of Recovery

Germany’s Economy: Three Years of Stagnation With Only Limited Signs of Recovery

Commodities Move on Geopolitics and Weather as Oil Rises, Gas Falls, and Nickel Faces Supply Risks

Commodities Move on Geopolitics and Weather as Oil Rises, Gas Falls, and Nickel Faces Supply Risks

USD Overvaluation Persists as Geopolitics Dominate and JPY Faces Intervention Risks

USD Overvaluation Persists as Geopolitics Dominate and JPY Faces Intervention Risks

Analytical Report – 3Q22 EBITDA - Rainbow Tours

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Table of contents

  1. 3Q22 EBITDA above with market expectations (PLN 69mn / +11% y/y)

    3Q22 EBITDA above with market expectations (PLN 69mn / +11% y/y)

    Rainbow Tours reported 2Q22 results with the following highlights:

    â–  Gross profit on sales: PLN 140mn (+42% y/y)

    â–  Gross margin: 12.6% (-1.7 p.p. y/y)

    â–  SG&A costs: PLN 80mn (+28% y/y)

    â–  EBIT: PLN 63mn (+9% y/y)

    â–  Financial costs: PLN -5.0mn vs PLN -3.5mn

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    â–  Interest paid (YTD): PLN -7.2mn vs -1.7mn

    â–  Cash netto: PLN 101.5mn

    â–  OCF (YTD): PLN +138mn vs +186mn in last year

    â–  CAPEX (YTD): PLN -1.4mn vs -44.8mn in last year

    Our view: POSITIVE

    analytical report 3q22 ebitda rainbow tours grafika numer 1 ✕analytical report 3q22 ebitda rainbow tours grafika numer 1

    Analyst: Dariusz Dziubiński

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    GPW’s Analytical Coverage Support Programme 3.0

    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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