ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 04/24/2026

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 24/04/2026

Viscofan : Q1 earnings in line. Beat’30 targets reiterated despite the...

VISCOFAN: 1Q’26 RESULTS (ANÁLISIS BANCO SABADELL)

1Q'26 vs. 1Q'25 Results Sales: € 304.77 M (-0.8% vs. +5.0% BS(e)); EBITDA: € 63.38 M (-7.9% vs. -0.2% BS(e));

VISCOFAN: RDOS. 1T’26 (ANÁLISIS BANCO SABADELL)

Rdos. 1T'26 vs 1T'25: Ventas: 304,77 M euros (-0,8% vs +5,0% BS(e)); EBITDA: 63,38 M euros (-7,9% vs -0,2% BS(e)).

INFORME DIARIO 24 ABRIL + RDOS. ESPAÑA Y EUROPA 1T’26. IDEAS DESTACADA...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACCIONA, ACCIONA ENERGÍA, VISCOFAN. EUROPA: ENI, SAP, UNICREDIT, VINCI. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 1T’26 que se publicarán en España y Europa en los próximos días. Vuelve el castigo al software Las bolsas europeas terminaron con ligeras caídas, más influidas por la situación geopolítica ...

IBERIAN DAILY 24 APRIL + 1Q’26 RESULTS. HIGHLIGHTS AND REST OF PREVIEW...

NEWS SUMMARY: ACCIONA, ACCIONA ENERGÍA, VISCOFAN. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 1Q’26 results to be released over the coming days in Spain. New corrections in software European stock markets ended with slight correction, particularly explained by the geopolitical situation rather than by the good earnings season. In this regard, Iran opposes to negotiate as l...

INFORME DIARIO 23 ABRIL + RDOS. ESPAÑA Y EUROPA 1T’26. IDEAS DESTACADA...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: BANKINTER, REPSOL, SECTOR INMOBILIARIO, TELEFÓNICA. EUROPA: ESSILORLUXOTTICA, L’OREAL, NOKIA, SAFRAN, SANOFI Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 1T’26 que se publicarán en España y Europa en los próximos días. Un mercado con mucha incertidumbre A pesar de la prórroga del alto al fuego las bolsas ...

IBERIAN DAILY 23 APRIL + 1Q’26 RESULTS. HIGHLIGHTS AND REST OF PREVIEW...

NEWS SUMMARY: BANKINTER, REAL ESTATE SECTOR, REPSOL, TELEFÓNICA. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 1Q’26 results to be released over the coming days in Spain. Stock markets are facing significant uncertainty European stock markets were disappointed by the uncertainty surrounding the talks between Iran and the US and despite the extension of the ceasefire, with th...

IBERIAN DAILY 08 APRIL (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AEDAS HOMES, ALMIRALL, INDRA, REPSOL, TELEFÓNICA. Rally on the markets thanks to the two-week ceasefire European stock markets began the session with gains, then losing ground and ending with losses, with no announcement of a deal to end the ultimatum. Late last night it was learned that Iran and the US agreed to a two-week ceasefire that includes opening the Strait of Hormuz, while Israel, which supports the ceasefire, will continue to attack Lebanon. In the STOXX 600, most sect...

INFORME DIARIO 08 ABRIL (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: AEDAS HOMES, ALMIRALL, INDRA, REPSOL, TELEFÓNICA. EUROPA: DANONE. Los mercados rebotan por la tregua de dos semanas Las bolsas europeas comenzaron la jornada con ganancias, pero fueron perdiendo terreno hasta terminar con pérdidas a la espera de que se anunciase un acuerdo que pusiera fin al ultimátum. Pasada la medianoche se conocía que Irán y EE.UU. acordaban una tregua por 2 semanas que incluye el desbloqueo del estrecho de Ormuz mientras que Is...

Telefonica (Reduce, €3.3, -15%) Was €2.6. Telecom Italia (Neutral, €0....

Today my colleague Chris has upgraded his forecasts and valuation of Vivo and this leads to an upgrade in our value of Telefonica

INFORME DIARIO 13 MARZO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: BBVA, IAG, TELEFÓNICA. El crudo y las dudas en crédito privado lastran la confianza en las bolsas Aumentan las caídas en los índices europeos, con el S&P 500 jugándose el soporte de los 6.700 puntos. El Euro STOXX 50 tocó la referencia de los 5.750 puntos por las tensiones en Medio Oriente (el Brent volvió a los 99 d/b) y las preocupaciones sobre el crédito privado. En el STOXX 600, los mejores sectores fueron Químicas y Utilities mientras que Via...

IBERIAN DAILY 13 MARCH (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: BBVA, IAG, TELEFÓNICA. Crude oil and private credit drag down stock market confidence European stock markets fell further, with the S&P 500 on the verge of falling below the 6,700 point support. The Euro STOXX 50 hit 5,750 due to the tension in the Middle East (Brent returned to US$ 99/barrel) and the concerns on private credit. In the STOXX 600, the best-performing sectors were Chemicals and Utilities, whereas Travel & Leisure and Banks suffered the biggest corrections. On the m...

IBERIAN DAILY 02 MARCH (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AMADEUS, AMPER, CAF, IBERDROLA, REDEIA, TALGO, TELEFÓNICA, UNICAJA. We begin a highly volatile week European stock markets ended last week with corrections whereas doubts persist in the technology sector and the geopolitical tension between the US and Iran continues. The Ibex endured battery of earnings and ended above 18,000 points. In the STOXX 600, the best-performing sectors last week were Utilities and Real Estate, whereas Basic Materials and Telecoms had the biggest drops....

INFORME DIARIO 02 MARZO + RDOS. EUROPA. PREVIEWS (ANÁLISIS BANCO SABAD...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: AMADEUS, AMPER, CAF, IBERDROLA, REDEIA, TALGO, TELEFÓNICA, UNICAJA. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 4T’25 que se publicarán en España y Europa en los próximos días. Empezamos una semana de elevada volatilidad Las bolsas europeas cerraron la semana con pérdidas, mientras persisten las dudas e...

VISCOFAN: 4Q’25 RESULTS (ANÁLISIS BANCO SABADELL)

4Q'25 vs. 4Q'24 Results Sales: € 315.12 M (+3.1% vs. +0.1% BS(e) and +2.2% consensus); EBITDA: € 71.75 M (-9.1% vs. +0.7% BS(e) and -2.3% consensus). FY2025 vs. FY2024 Results Sales: € 1.252 Bn (+4.0% vs. +3.2% BS(e) and +3.8% consensus); EBITDA: € 289.99 M (+1.6% vs. +4.3% BS(e) and +3.5% consensus).

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 02/27/2026

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 27/02/2026

IBERIAN DAILY 27 FEBRUARY + 4Q'25 RESULTS. PREVIEWS (ANÁLISIS BANCO SA...

NEWS SUMMARY: ACCIONA, ACCIONA ENERGÍA, ACERINOX, AMADEUS, CELLNEX, COLONIAL, ELECTRICITY SECTOR, FCC, GLOBAL DOMINION, GRIFOLS, IAG, MERLIN, OHLA, REDEIA, SACYR, SOLARIA, VISCOFAN. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 4Q’25 results to be released over the coming days in Spain. Doubts continue to plague Nasdaq, but software rallies after harsh punishment European s...