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Research Department
  • Research Department

IBERIAN DAILY 21 MARCH (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: CIE AUTOMOTIVE, IAG. Bad digestion after the Fed European stock markets saw profit taking, led by cyclical sectors. In the STOXX 600, defensive sectors such as Food and Utilities were the best-performing industries whereas Autos and Banks were the worst performers. On the macro side, in the UK, the BoE kept the benchmark rate unchanged at 4.50%, as expected, with governor M. Bailey warning about lower rates but through a very gradual pattern. On another note, February’s number o...

Research Department
  • Research Department

INFORME DIARIO 21 MARZO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CIE AUTOMOTIVE, IAG. EUROPA: MUNICH RE. Mala digestión después de la Fed Toma de beneficios en las bolsas europeas, lideradas por los sectores cíclicos. Así, en el STOXX 600, los mejores fueron defensivos como Alimentación y Utilities mientras que Autos y Bancos sufrieron las mayores ventas. Por el lado macro, en R. Unido, el BoE mantuvo el tipo de referencia en el 4,50% como se esperaba. En la conferencia posterior, el gobernador M. Bailey advirti...

Anthony Dick ... (+2)
  • Anthony Dick
  • Michael Foundoukidis

ODDO : China: smart driving, a new battleground... …and threat to fore...

Foreign OEMs, already struggling to keep up with electrification and the lead taken by Chinese OEMs in this area, are once again lagging when it comes to smart driving, which is now seen as the new battlefield by Chinese newcomers, led by BYD and technology-driven new entrants. This new ‘content war’, coming on top of persisting price pressure, prompts us to remain cautious on German OEMs (BMW, MBG, VW) and EU tech suppliers (Continental, Forvia/Hella, Valeo), which are facing a new major challe...

Anthony Dick ... (+2)
  • Anthony Dick
  • Michael Foundoukidis

ODDO : Chine : la conduite intelligente, un nouveau défi pour les acte...

Déjà en difficulté face au développement de l’électrification et à l’avance prise par les constructeurs chinois dans ce domaine, les constructeurs étrangers sont encore en retrait en ce qui concerne la conduite intelligente. Celle-ci est considérée comme le nouveau nerf de la guerre par les nouveaux entrants chinois, au premier rang desquels BYD et les nouveaux entrants locaux issus du monde de la technologie. Prudence maintenue sur les constructeurs allemands (BMW, MBG, VW) et les équipementier...

International Consolidated Airlines Group SA: 1 director

A director at International Consolidated Airlines Group SA sold 316,420 shares at 352p and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over ...

Ahmed Ben Salem ... (+2)
  • Ahmed Ben Salem
  • Baptiste Lebacq
Ahmed Ben Salem ... (+2)
  • Ahmed Ben Salem
  • Baptiste Lebacq
Rafael Bonardell
  • Rafael Bonardell

IAG: 4Q’24 RESULTS (ANÁLISIS BANCO SABADELL)

4Q'24 vs. 4Q'23 Results Sales: € 8.047 Bn (+11.4% vs. +5.0% BS(e)); EBIT: € 1.121 Bn (+123.3% vs. +27.6% BS(e) and +50.2% consensus); FY2024 vs. FY2023 Results Sales: € 32.1 Bn (+9.0% vs. +7.4% BS(e)); EBIT: € 4.443 Bn (+26.7% vs. +13.0% BS(e) and +16.3% consensus);

Carole Braudeau
  • Carole Braudeau
CS AXA
IPS IPSOS ... (+14)

Credit Morning 02/28/2025

ELO (Auchan): our comments on the full-year earnings release and meeting|Forvia: 2024 results in line (or even higher) but 2025 guidance disappointing|Nexity: a mixed 2024 publication|FY 24 results: In line with expectations, increases the dividend and aims for 3-5% growth in FY 25|

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