Anadolu Group Holding (AGHOL) is a consumer conglomerate, based out of Türkiye. The group's core fundamental performance (sales, EBITDA, dividends) is driven by beer (Anadolu Efes), soft drinks (Coca Cola Icecek) and food retail (Migros) businesses, all of which are key listed Turkish consumer companies with strong execution track records and attractive growth prospects, in our view. The company also has operations in automotive, agriculture, energy and industries sectors. Solid growth execution by group co ...

June 6, 2025 12:19 AM GMT Novonesis | Europe Unpacking The Debate Further The key debate and pushback we got from our Overweight initiation centered around mid-term growth expectations and NSISB's sensitivity to oil price volatility. In contrast, we see the combination of structural growth drivers, NSISBs unique offering and operational gearing as basis to defuse concerns Overweight thesis intact, PT DKK577 - We initiated coverage of Novonesis last week at Overweight. Our deep-dive analysis of key end marke ...