Richter will report its 4Q06 earnings on 7 February (Wednesday) before market open. We see the company to post HUF 10.5bn net profit, down 23.1% y/y and down 9.2% q/q or 5.8% above the market consensus (source: portfolio.hu). Even tough, we do not expect major reaction to the quarterly results, but management’s comment on the mid-term sales outlook on the Hungarian and CIS markets.