Acciona : Q3 trends in line with previous quarters; Guidance reiterated
>No surprises at the stub - We see limited potential impact at the stub from Acciona’s Q3 2024 trading update, as limited information was provided for the business excluding Acciona Energía and Nordex. Still, in our view, the overall operating message for the stub was positive, specially at the infrastructure division, where solid trends from previous quarters have been maintained. Key highlights from the release concerning the stub are: 1/ the construction divis...Acciona is the parent company of a construction group. Co. is engaged in general construction activities in the areas of civil engineering and buildings, including railways, marine and hydraulic works, motorways and airports, town planning, conduits, pavements, parking lots, and industrial and urban buildings. In addition, Co. is engaged in the provision of real estate services, the operation of parking lots, telecommunications, services, ecology and alternative means of energy. Co.'s operations are organized in six business divisions: Infrastructures, Real Estate, Energy, Water, Environmental & Urban Services and Logistic & Transport Services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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