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EUROSTOXX 50: RESULTADOS A DESTACAR SEMANA 20 A 24 ABRIL 2020 (ANÁLISIS BANCO SABADELL)

Resultados EuroStoxx 50 destacados para la próxima semana.
De los valores que publican Rdos. 1T’20 la semana que viene destacamos Air Liquide, donde la atención recaerá en las perspectivas del 2T (impacto del Covid-19 en todos sus mercados) máxime tras su buen performance (+22% vs ES50 en 2020). Un mensaje tranquilizador (diversificación, contratos take-or-pay y crecimiento en Healthcare) harán que AI mantenga su atractivo como valor refugio. También esperamos una acogida positiva en Vinci por la divergencia entre las fuertes caídas del valor (-30% desde máximos 2020) y el impacto limitado que estimamos del Covid-19 (
Underlyings
Air Liquide SA

L'Air Liquide is engaged in the market of gases for industry, health and the environment. Oxygen, nitrogen, hydrogen, and rare gases make up Co.'s core activities. Co. structures its activities in three segments: Gas and Services, Engineering and Technology, and Other activities. The Gas and Services segment comprises four business lines: Industrial Merchant, Large Industries, Healthcare and Electronics; Engineering and Technology designs, develops and builds industrial gas production plants for Co. and third parties; and the Other Activities segment develops welding and cutting edge technologies, and markets deep-sea diving and swimming equipment to professionals and privates individuals.

VINCI SA

Vinci is engaged in building, civil engineering and facilities management. Through its subsidiaries, Co. is engaged in five divisions comprising of: the Building division which provides retail solutions including construction and fit-out in both the retail and commercial sectors; the Civil Engineering division; the Air division which provides program management, engineering and construction services to customers with airport infrastructure requirements; the Technology division; and the VINCI Facilities division which provides facilities management, repair and maintenance and small works in both the private and public sectors.

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Sabadell
Sabadell

Analysts
Research Department

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