ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 04/29/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 29/04/2025

PUIG BRANDS: 1Q’25 SALES AND T.P. CUT (ANÁLISIS BANCO SABADELL)

1Q'25 vs. 1Q'24 Results Sales: € 1.206 Bn (+7.9% vs. +6.6% BS(e) and +6.4% consensus);

SACYR: 1Q’25 RESULTS (ANÁLISIS BANCO SABADELL)

1Q'25 vs. 1Q'24 Results Sales: € 1.059 Bn (+6.5% vs. +7.0% BS(e) and +4.3% consensus); EBITDA: € 301.0 M (-11.3% vs. -10.3% BS(e) and -11.9% consensus); EBIT: € 242.25 M (-16.6% vs. -10.3% BS(e) and -15.6% consensus); Net Profit: € 27.0 M (+6.1% vs. +2.1% BS(e) and +2.2% consensus);

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 23 AL 29 ABRIL 2025 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sin cambios esta semana. Cartera High Yield Europa AB Inbev, Air Liquide, Airbus, ASML y AXA Sale Schneider y entra AXA. Cartera Modelo España Sale Caixabank y subimos peso en Inditex. Cartera 5 Valores España Cellnex, Ferrovial, IAG, Indra y Merlin Sin cambios esta semana. Cartera 5 valores High Yield España Acciona, Colonial, Iberdrola, Mapfre y Redeia Sin cambios esta semana. Cartera Pequeñas y Medianas España CAF, Enagás, Ence, Fluidra, Global Dominion, Grupo Catalana Occidente, Indra, Meliá, Sacyr y Viscofan Sin cambios esta semana.

CAIXABANK: 1Q’25 RESULTS, CHANGE OF RECOMMENDATION TO UNDERWEIGHT AND T.P. UPGRADE (ANÁLISIS BANCO SABADELL)

1Q'25 vs. 1Q'24 Results NII: € 2.65 Bn (-4.9% vs. -3.6% BS(e) and -4% consensus); Total Revenues: € 4.01 Bn (+14.7% vs. +10.6% BS(e) and +9,3% consensus); Operating Income: € 2.43 Bn (+22.3% vs. +15.5% BS(e) and +12.8% consensus); Net Profit pre AT1: € 1.47 Bn (+46.1% vs. +28% BS(e) and +28.7% consensus). 1Q'25 vs. 4Q'24 Results NII: € 2.65 Bn (-3.5% vs. -2.2% BS(e) and -2.6% consensus); Total Revenues: € 4.01 Bn (-1.7% vs. -5.3% BS(e) and -6.3% consensus); Operating Income: € 2.43 Bn (-4.1% vs. -9.4% BS(e) and -11.6% consensus); Net Profit pre AT1: € 1.47 Bn (-4.5% vs. -16.4% BS(e) and -15.9%...