ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 02/18/2026

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 18/02/2026

PUIG BRANDS: FY2025 RESULTS AND T.P. CUT (ANÁLISIS BANCO SABADELL)

4Q'25 vs. 4Q'24 Results Sales: € 1.446 Bn (+6.2% vs. +2.7% BS(e) and +2.9% consensus); FY2025 vs. FY2024 Results Sales: € 5.042 Bn (+5.3% vs. +4.3% BS(e) and +4.3% consensus); Adjusted EBITDA: € 1.045 Bn (+7.8% vs. +5.2% BS(e) and +5.1% consensus); EBIT: € 834.46 M (+36.3% vs. +30.7% BS(e) and +28.9% consensus); Net Profit: € 593.7 M (+11.8% vs. +14.3% BS(e) and +12.8% consensus);

NATURGY: MENSAJES DE LA CONFERENCE CALL RDOS. 2025 (ANÁLISIS BANCO SABADELL)

De la Conference call de Rdos. 2025 destacamos los siguientes mensajes:

IDEAS DE VALOR RELATIVO: ABRIMOS EL RELATIVO LARGO BANCOS VS QUÍMICAS STOXX 600 (ANÁLISIS BANCO SABADELL)

IDEAS DE VALOR RELATIVO: ABRIMOS EL RELATIVO LARGO BANCOS VS QUÍMICAS STOXX 600 (ANÁLISIS BANCO SABADELL)

NATURGY: FY2025 RESULTS (ANÁLISIS BANCO SABADELL)

FY2025 vs. FY2024 Results EBITDA: € 5.334 Bn (-0.6% vs. -0.4% BS(e) and +0.1% consensus); Net Profit: € 2.023 Bn (+6.4% vs. +7.5% BS(e) and +9.3% consensus);