Richter will announce its 4Q05 results on 6 February, 2006 (Monday). We are expecting 4Q05 net profit of HUF 12.85bn, versus consensus estimate of HUF 13.2bn. We maintain our Sell recommendation on the stock.
Conference call details: 1600 CET/1500 GMT. +36 68 098 1331 (Hungary)/+44 207 138 0827 (UK)/ +1 718 354 1152 (US)