ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 03/02/2026

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 02/03/2026

AMADEUS: 4Q’25 RESULTS AND CHANGE OF T.P. TO UNDER REVISION (ANÁLISIS BANCO SABADELL)

4Q'25 vs. 4Q'24 Results Sales: € 1.622 Bn (+5.2% vs. +3.6% BS(e) and +4.3% consensus); EBITDA: € 577.9 M (+9.3% vs. +4.5% BS(e) and +5.9% consensus); FY2025 vs. FY2024 Results Sales: € 6.517 Bn (+6.1% vs. +5.7% BS(e) and +5.9% consensus); EBITDA: € 2.507 Bn (+7.4% vs. +6.3% BS(e) and +6.6% consensus);

TALGO: FY2025 RESULTS (ANÁLISIS BANCO SABADELL)

4Q'25 vs. 4Q'24 Results Sales: € 175.1 M (+2.2%); EBITDA: € 3.9 M (€ -104.4 M in FY2024); FY2025 vs. FY2024 Results Sales: € 618.2 M (-7.6%); EBITDA: € 0.6 M (€ -46.7 M in FY2024); Net Profit: € -100.7 M (€ -107.9 M in FY2024);

GRIFOLS: 4Q’25 RESULTS (ANÁLISIS BANCO SABADELL)

4Q'25 vs. 4Q'24 Results Sales: € 1.982 Bn (+0.4% vs. +1.1% BS(e) and -1.7% consensus); EBITDA: € 467.0 M (-11.2% vs. -10.4% BS(e) and -10.8% consensus); EBIT: € 271.41 M (-27.0% vs. -8.6% BS(e) and -9.4% consensus); Net Profit: € 98.25 M (+42.4% vs. +65.9% BS(e) and +133.1% consensus); FY2025 vs. FY2024 Results Sales: € 7.524 Bn (+4.3% vs. +4.5% BS(e) and +3.8% consensus); EBITDA: € 1.825 Bn (+2.6% vs. +2.8% BS(e) and +2.7% consensus); EBIT: € 1.243 Bn (+4.3% vs. +10.1% BS(e) and +9.8% consensus); Net Profit: € 402.0 M (+156.1% vs. +166.4% BS(e) and +195.9% consensus);