ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 07/31/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 31/07/2025

FLUIDRA: 1H’25 RESULTS (ANÁLISIS BANCO SABADELL)

2Q'25 vs. 2Q'24 Results Sales: € 663.0 M (+3.0% vs. +3.7% BS(e) and +3.1% consensus); EBITDA: € 183.0 M (+2.9% vs. +3.5% BS(e) and +3.5% consensus); Net Profit: € 88.0 M (n/a); 1H'25 vs. 1H'24 Results Sales: € 1.227 Bn (+4.8% vs. +5.2% BS(e) and +4.9% consensus); EBITDA: € 314.0 M (+6.2% vs. +6.5% BS(e) and +6.5% consensus); Net Profit: € 136.0 M (+21.4%);

IBERIAN DAILY 22 AUGUST (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: IAG, TELEFÓNICA. Markets doubtful awaiting Powell in Jackson Hole European stock markets closed better than they opened, with some indices like the FTSE 100 managing to end with slight gains, whereas the DAX and IBEX ended practically flat. In the STOXX 600, the sectors rising the most were Energy, Banks and Basic Materials, with the biggest drops coming in Media, Consumer Goods and Chemicals. On the macro side, in the euro zone August’s preliminary manufacturing PMI rose more than expected, whereas the services index fell slightly, in line with expectations, and August’s consum...

INFORME DIARIO 22 AGOSTO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: IAG, TELEFÓNICA. EUROPA: AIR LIQUIDE. Mercados dubitativos a la espera de Powell en Jacson Hole Ayer las bolsas europeas fueron de menos a más y algunos índices como el FTSE 100 lograron terminar con ligeras ganancias mientras que el DAX y el Ibex terminaron casi sin cambios. En el STOXX 600 los sectores que más subieron fueron Energía, Bancos y R. Básicos frente a las mayores caídas de Media, B. Consumo y Químicas. Por el lado macro, en Eurozona el PMI manufacturero preliminar de agosto avanzó más de lo esperado mientras que el de Servicios retro...

IBERIAN DAILY 21 AUGUST (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: N/A. IBEX hanging on and the FTSE 100 closes in positive numbers Yesterday European stock markets fell slightly, except the IBEX, which closed flat, and the FTSE 100, which rose +1.0%, while US tech stocks were once again punished by the doubts surrounding a possible AI bubble mentioned by S. Altman, CEO of OpenAI, over the past few days. In the STOXX 600, the sectors rising the most (by far) were Food and Household Products, with Construction and Travel & Leisure falling the most. On the macro side, in the euro zone July’s final general and core inflation confirmed the prelimin...