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Louis Boujard ... (+3)
  • Louis Boujard
  • CFA
  • Philippe Ourpatian
Louis Boujard ... (+3)
  • Louis Boujard
  • CFA
  • Philippe Ourpatian
Research Department
  • Research Department

INFORME DIARIO 25 FEBRERO + RDOS. ESPAÑA Y EUROPA. IDEAS DESTACADAS Y ...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: AENA, ENCE, INDRA, ROVI VIDRALA. EUROPA: N/A. 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. Europa no capitaliza el rebote Mayor estabilidad en las bolsas europeas, a pesar del rebote en las empresas de software estadounidenses como consecuen...

Research Department
  • Research Department

IBERIAN DAILY 25 FEBRUARY + 4Q’25 RESULTS. HIGHLIGHTS AND REST OF PREV...

NEWS SUMMARY: AENA, ENCE, INDRA, ROVI, VIDRALA. 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. Europe unable to capitalise on the rally European stock markets found greater stability, despite the rally by US software companies as a result of the overselling due to fears of a disruption brought about by AI. In the STOX...

James Ratzer
  • James Ratzer

Telefonica (Sell, €2.6, -28%) Brazil is trying to save the day – but ...

Q4 results were solid and the new 2026 guidance is marginally ahead of consensus, albeit all the medium-term CMD targets remain intact.

Research Department
  • Research Department

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

4Q'25 vs. 4Q'24 Results Sales: € 9.174 Bn (-14.3% vs. -15.5% BS(e) and -15.0% consensus); EBITDA: € 3.198 Bn (+88.0% vs. +82.8% BS(e) and +85.3% consensus); EBIT: € -1.775 Bn (€ -511.0 M in FY2024 vs. € -1.300 Bn BS(e) and € -1.203 Bn consensus); Net Profit: € -3.239 Bn (€ -1.003 Bn in FY2024 vs. € -1.201 Bn BS(e) and € -1.425 Bn consensus); FY2025 vs. FY2024 Results Sales: € 36.145 Bn (-12.1% vs. -12.4% BS(e) and -12.3% consensus); EBITDA: € 12.164 Bn (+9.9% vs. +9.1% BS(e) and +9.5% consensus)...

Stephane Beyazian
  • Stephane Beyazian
Stephane Beyazian
  • Stephane Beyazian
Alvaro del Pozo
  • Alvaro del Pozo

TELEFÓNICA: RDOS. 4T’25 (ANÁLISIS BANCO SABADELL)

Rdos. 4T'25 vs 4T'24: Ventas: 9.174 M euros (-14,3% vs -15,5% BS(e) y -15,0% consenso); EBITDA: 3.198 M euros (+88,0% vs +82,8% BS(e) y +85,3% consenso); EBIT: -1.775,0 M euros (-511,0 M euros en 2024 vs -1.300,0 M euros BS(e) y -1.203,0 M euros consenso); BDI: -3.239,0 M euros (-1.003,0 M euros en 2024 vs -1.201,0 M euros BS(e) y -1.425,0 M euros consenso). Rdos. 2025 vs 2024: Ventas: 36.145 M euros (-12,1% vs -12,4% BS(e) y -12,3% consenso); EBITDA: 12.164 M euros (+9,9% vs +9,1% BS(e) y +9,5%...

Research Department
  • Research Department

INFORME DIARIO 24 FEBRERO + RDOS. ESPAÑA Y EUROPA. IDEAS DESTACADAS Y ...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CAF, ENCE, ENDESA, METROVACESA, TELEFÓNICA. EUROPA: N/A. 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. El Ibex se desmarca en positivo Los índices europeos mostraron una reacción mixta a las nuevas amenazas proteccionistas de Trump (mejor p...

Research Department
  • Research Department

IBERIAN DAILY 24 FEBRUARY + 4Q’25 RESULTS. HIGHLIGHTS AND REST OF PREV...

NEWS SUMMARY: CAF, ENCE, ENDESA, METROVACESA, 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 4Q’25 results to be released over the coming days in Spain. IBEX the one positive note European stock markets showed a mixed reaction to Trump’s new protectionist measures (the periphery outperformed core countries), while companies exposed to the disruption from AI continu...

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