ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 10/31/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 31/10/2025

INTESA SANPAOLO: RDOS. 3T’25 (ANÁLISIS BANCO SABADELL)

Rdos. 3T'25 vs 3T'24: M. Intereses: 3.680 M euros (-6,6% vs -5% BS(e)); M. Bruto: 6.643 M euros (-2,3% vs -1,4% BS(e) y -1,5% consenso); M. Neto: 3.929 M euros (-3,4% vs -2,9% BS(e)); BDI: 2.372 M euros (-1,2% vs +0,5% BS(e) y -2,1% consenso); Rdos. 2T'25 vs 1T'25: M. Intereses: 3.680 M euros (-3,2% vs -1,5% BS(e)); M. Bruto: 6.643 M euros (-5,1% vs -4,1% BS(e) y -4,2% consenso); M. Neto: 3.929 M euros (-9,3% vs -8,9% BS(e)); BDI: 2.372 M euros (-8,8% vs -7,3% BS(e) y -9,7% consenso).

ACERINOX: 3Q’25 RESULTS (ANÁLISIS BANCO SABADELL)

3Q'25 vs. 3Q'24: Sales: € 1.415 Bn (+8.3% vs. +15.9% BS(e) and +10.3% consensus); EBITDA: € 108 M (-5.3% vs. -10.5% BS(e) and +0.9% consensus); EBIT: € 60 M (-22.1% vs. -32.5% BS(e) and -13.0% consensus); Net Profit: € 25 M (-47.9% vs. -18.8% BS(e) and -25.0% consensus).