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Post-Q2, we have left our FY25-27 estimates broadly unchanged with a EUR38 PT. Ahold Delhaize continues to demonstrate its ability to balance growth investments and margin preservation while the USD headwind is already reflected in EPS expectations and the P/E multiple de-rating. At 12.7x P/E, valu
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: IBERDROLA, SOLARIA. EUROPA: AHOLD DELHAIZE, BAYER. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 2T’25 que se publicarán en España y Europa en los próximos días. Poco movimiento en los mercados Jornada de más a menos y de escaso volumen en las bolsas europeas, donde el calendario de Rdos. y la posible bajada de tipos por parte de la Fed en septiembre siguen marcando el protagonismo. Así, en el STOXX 600 ...
Ahead of H1 2025 earnings on 6th August, we have marginally lifted our Q2 2025E sales and EBIT forecasts by c.1%. Despite a solid underlying Q2 setup, we have trimmed our FY25-27 EPS by 2% to reflect the June USD devaluation and expect EPS FY guidance to be cut in line with css and SFe forecasts fo
NEWS SUMMARY: IBERDROLA, INDITEX, TELEFÓNICA. Debt truce and bullish stock markets European stock markets saw new gains, with the Ibex exceeding the 14,900-point barrier and France’s CAC hit by the political uncertainty. In the STOXX 600, Media and Telecommunications were the best-performing sectors whereas Travel&Leisure and Consumer Goods fell the most. On the macro side, in the euro zone, July’s retail sales slowed down more thn expected. In the US, August’s non-manufacturing ISM climbed more than expected to February highs thanks to the orders and inventories headings. August’s ADP privat...
En estos días hemos vivido un tensionamiento en los tramos ultra largos de las curvas soberanas que ha llevado al 30 años y a las pendientes 2-10 a máximos plurianuales
SANO cae tras la publicación de los Rdos. de Amlitelimab pese a que estos han cumplido todos los objetivos del estudio.
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