IBERIAN DAILY 10 JUNE (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AMPER, ARCELORMITTAL, CAF. All eyes on US-China negotiations The week kicked off without relevant macroeconomic data, with European stock markets sliding slightly except the Ibex that ended with sight gains. In the STOXX 600, the best-performing sectors were Travel&Leisure and Real Estate, whereas defensive industries such as Household and Utilities ended with the biggest drops. On the macro side, the Treasury Secretary S. Bessent and the Trade Secretary H. Lutnick viewed the mee...

IBERIAN DAILY 09 JUNE (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: CAIXABANK, ENCE, FERROVIAL, NATURGY, TELEFÓNICA, VISCOFAN. Stock markets try to climb above highs Despite the absence of good macroeconomic data last week, stock markets ended with gains, fuelled by the US (the S&P500 rose around +1.7%) and by the better employment data at the end of the week. In the STOXX 600, the best-performing sectors last weekk were Technology and Pharma, whereas Autos and Media ended with the biggest drops. On the macro side, in the euro zone, the 1Q’25 GDP ...

INFORME DIARIO 09 JUNIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CAIXABANK, ENCE, FERROVIAL, NATURGY, TELEFÓNICA, VISCOFAN. Las bolsas siguen intentando superar los máximos A pesar de una semana sin buenos datos macro, las bolsas terminaron al alza con el empuje de EE.UU. donde el S&P 500 subió un +1,1%. En el STOXX 600 los mejores sectores de la semana fueron Tecnología y Farma frente a Autos y Media que fueron los que más cayeron. En la Eurozona el PIB 1T’25 se revisó al alza 0,3 p.p. hasta el 1,5% a/a mientras...

LOGISTA: MENSAJES DE LA CONFERENCE CALL RDOS. 2T’25 (ANÁLISIS BANCO SA...

Los mensajes más destacados de la call de Rdos. 2T’25.  La rebaja del guidance, y el mal tono de resultados en general,

LOGISTA: 1H’25 RESULTS AND CHANGE OF RECOMMENDATION TO UNDERWEIGHT (AN...

2Q'25 vs. 2Q'24 Results Sales: € 458.0 M (+3.9% vs. -0.5% BS(e)); EBIT: € 104 M (+0.0% vs. -7.9% BS(e)); Net Profit: € 74 M (-14.9% vs. -16.5% BS(e)); 1H'25 vs. 1H'24: Results Sales: € 916.0 M (+5.7% vs. +3.4% BS(e)); EBIT: € 202.0 M (+4.7% vs. +0.4% BS(e)); Net Profit: € 151.0 M (-5.6% vs. -6.5% BS(e)).

LOGISTA: RDOS. 1T’25 Y CAMBIO DE RECOMENDACIÓN A INFRAPONDERAR (ANÁLIS...

Rdos. 1T'25 vs 1T'24: Ventas: 458,0 M euros (+7,5% vs +2,8% BS(e)); EBIT: 98,0 M euros (+10,1% vs +5,2% BS(e)); BDI: 77,1 M euros (+6,2% vs -1,3% BS(e)).

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 30/04/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 04/30/2025

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

1Q'25 vs. 1Q'24 Results Sales: € 186.9 M (-12.5% vs. -14.8% BS(e)); EBITDA: € 34.5 M (-23.2% vs. -25.8% BS(e)); EBIT: € 11.5 M (-38.8% vs. -56.4% BS(e)); Net Profit: € 2.4 M (-69.6% vs. -97.5% BS(e));

Ence : Weak results on low pulp prices and one-off cash cost impacts

ENCE: RDOS. 1T’25 (ANÁLISIS BANCO SABADELL)

Rdos. 1T'25 vs 1T'24: Ventas: 186,9 M euros (-12,5% vs -14,8% BS(e)); EBITDA: 34,5 M euros (-23,2% vs -25,8% BS(e)); EBIT: 11,5 M euros (-38,8% vs -56,4% BS(e)); BDI: 2,4 M euros (-69,6% vs -97,5% BS(e)).

IBERIAN DAILY 30 APRIL + 1Q’25 RESULTS. PREVIEWS (ANÁLISIS BANCO SABAD...

NEWS SUMMARY: ARCELORMITTAL, CAIXABANK, ENAGÁS, ENCE, NATURGY, REPSOL, SACYR, SANTANDER, 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’25 results to be released over the coming days in Spain. Stock markets stabilise Mixed performance in European stock markets on the first marathon macro data day this week. In the STOXX 600, most sectors (14/20) closed with gains...

IBERIAN DAILY 22 APRIL + 1Q’25 RESULTS. PREVIEWS (ANÁLISIS BANCO SABAD...

NEWS SUMMARY: CAF, GREENING. 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’25 results to be released over the coming days in Spain. Stock markets saw a decreasing performance amid doubts about the tariff de-escalation Tariffs negotiations between the US and the rest of countries continued and also the uncertainty that weighed on the technology sector and mainly on the US N...

INFORME DIARIO 10 MARZO + RDOS. EUROPA 4T’24. PREVIEWS (ANÁLISIS BANCO...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CAF, IBERDROLA, INDRA. EUROPA: ALLIANZ, BAYER 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’24 que se publicarán en España y Europa en los próximos días. Las bolsas se mueven entre los aranceles y los planes fiscales Semana cargada de volatilidad tras el repunte histórico de la rentabilidad del bono ale...

INFORME DIARIO 06 MARZO + RDOS. EUROPA 4T’24. PREVIEWS (ANÁLISIS BANCO...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ALMIRALL, CAF. EUROPA: DHL GROUP. 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’24 que se publicarán en España y Europa en los próximos días. El mayor gasto apoya a la bolsa y hunde a la renta fija Rebote en las bolsas europeas, animadas por los planes de estímulo en Alemania y una posible paz en Ucrani...

ENCE: FY2024 RESULTS (ANÁLISIS BANCO SABADELL)

4Q'24 vs. 4Q'23 Results Sales: € 208.1 M (+4.0% vs. -0.1% BS(e)); EBITDA: € 12.0 M (-52.4% vs. -57.5% BS(e)); EBIT: € -7.8 M (€ 15.6 M in FY2023 vs. € -20.3 M BS(e)); Net Profit: € -9.2 M (€ 3.5 M in FY2023 vs. € -15.5 M BS(e)); FY2024 vs. FY2023 Results Sales: € 876.2 M (+5.6% vs. +4.6% BS(e)); EBITDA: € 164.5 M (+85.2% vs. +83.8% BS(e)); EBIT: € 63.3 M (€ -2.0 M in FY2023 vs. € 50.8 M BS(e)); Net Profit: € 31.6 M (€ -24.7 M in FY2023 vs. € 25.3 M BS(e));

ODDO BHF Small & MIDCAP MORNING NEWS – 02/28/2025

ODDO BHF Small & MIDCAP MORNING NEWS – 28/02/2025

ENCE: RDOS. 2024 (ANÁLISIS BANCO SABADELL)

Rdos. 4T'24 vs 4T'23: Ventas: 208,1 M euros (+4,0% vs -0,1% BS(e)); EBITDA: 12,0 M euros (-52,4% vs -57,5% BS(e)); EBIT: -7,8 M euros (15,6 M euros en 2023 vs -20,3 M euros BS(e)); BDI: -9,2 M euros (3,5 M euros en 2023 vs -15,5 M euros BS(e)). Rdos. 2024 vs 2023: Ventas: 876,2 M euros (+5,6% vs +4,6% BS(e)); EBITDA: 164,5 M euros (+85,2% vs +83,8% BS(e)); EBIT: 63,3 M euros (-2,0 M euros en 2023 vs 50,8 M euros BS(e)); BDI: 31,6 M euros (-24,7 M euros en 2023 vs 25,3 M euros BS(e)).

Ence : Temporary cash cost increase does not cloud positive year and s...