reports
- Research Department
INFORME DIARIO 29 ABRIL + RDOS. ESPAÑA Y EUROPA 1T’24. IDEAS DESTACADA...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: BBVA, CAF, IAG, NATURGY, TELEFÓNICA, UNICAJA. EUROPA: PHILIPS. 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’24 que se publicarán en España y Europa en los próximos días. El Ibex logra nuevos máximos de 2024 Los avances del viernes, impulsados por la buena campaña de resultados a ambos lados del Atlánti...
- Research Department
INFORME DIARIO 26 ABRIL + RDOS. ESPAÑA Y EUROPA 1T’24. IDEAS DESTACADA...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACCIONA, ACCIONA ENERGÍA, CAF, CELLNEX, IBERDROLA, FERROVIAL, ROVI. EUROPA: AIRBUS, DEUTSCHE TELEKOM, SAFRAN, 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’24 que se publicarán en España y Europa en los próximos días. Los resultados y la macro lastran las bolsas Tras tres días de ganancias, los r...
- Research Department
INFORME DIARIO 11 ABRIL + RDOS. ESPAÑA Y EUROPA 1T’24. PREVIEWS (ANÁLI...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CAF, GRIFOLS, REPSOL. EUROPA: SOCIÉTÉ GÉNÉRALE. 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’24 que se publicarán en España y Europa en los próximos días. La inflación al alza La sorpresa en los datos de inflación estadounidenses provocó fuertes repuntes en las curvas de deuda lo que llevó a pérdidas a...
- Research Department
IBERIAN DAILY 18 MARCH (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: AEDAS, CAF, MAPFRE. The Ibex above 10,600 points It was a new week of gains for European stock markets despite the disappointing US inflation data although with the market betting on the beginning of rate cuts in June by the ECB. In the STOXX 600, Retail (after Inditex’s rally following its results) and Banks were the best-performing sectors whereas Real Estate and Technology ended with the biggest drops in view of the rally of sovereign debt curves. On the macro side, G. Makhlou...
- Research Department
INFORME DIARIO 18 MARZO (ANÁLISIS BANCO SABADELL)
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: AEDAS HOMES, CAF, MAPFRE. EUROPA: VINCI. El Ibex rompe los 10.600 puntos Nueva semana de subidas en las bolsas Europeas a pesar de las decepciones en los datos de inflación americanos pero con el mercado apostando por el inicio de recortes de tipos en junio por parte del BCE. En el STOXX 600 los mejores sectores de la semana fueron Retail (euforia en Inditex tras los resultados) y Bancos mientras que Inmobiliario y Tecnología terminaron con las may...
- Research Department
IBERIAN DAILY 28 FEBRUARY + 4Q’23 RESULTS. HIGHLIGHTS AND REST OF PREV...
NEWS SUMMARY: ACCIONA ENERGÍA, AENA, AMADEUS, CAF, ENDESA, FERROVIAL, GLOBAL DOMINION, METROVACESA. 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’23 results to be released over the coming days in Spain. IBEX falls back European indices were back on the upward track except the IBEX which, penalised by the results campaign, was on the verge of falling below 10,100 points. In...
- Research Department
IBERIAN DAILY 27 FEBRUARY + 4Q’23 RESULTS. HIGHLIGHTS AND REST OF PREV...
NEWS SUMMARY: CAF, CELLNEX, COLONIAL, IBERDROLA, ROVI, TALGO. 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’23 results to be released over the coming days in Spain. Awaiting drivers European indices started the week with few macro references, without much movement and closing with slight losses. In the STOXX 600, only Technology and Financial Services recorded gains, while...
- Research Department
IBERIAN DAILY 26 FEBRUARY + 4Q’23 RESULTS. HIGHLIGHTS AND REST OF PREV...
NEWS SUMMARY: CAF, CIE AUTOMOTIVE, IBERDROLA, MAPFRE, SANTANDER, 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’23 results to be released over the coming days in Spain. Results drove stock markets to highs With the exception of the FTSE 100, European stock markets ended the week with gains, and many of the main global indices hit new record highs, thanks in part...
- Research Department
IBERIAN DAILY 08 FEBRUARY + 4Q’23 RESULTS. PREVIEWS (ANÁLISIS BANCO SA...
NEWS SUMMARY: ARCELOR MITTAL, CAF, CELLNEX, UNICAJA. At the end of today’s report, and during the entire results season, we will include a presentation with previews for the 4Q’23 results to be released over the coming days in Spain. The market questions rate cuts European stock markets ended in negative territory amid doubts about rate cut prospects. In the STOXX 600, the gains of Technology and Automobiles stood out, whereas defensive sectors such as Household and Telecommunications saw the ...
- Alfredo del Cerro
CAF: 9M’23 RESULTS (ANÁLISIS BANCO SABADELL)
3Q'23 vs. 3Q'22 Results Sales: € 858.0 M (+30.0% vs. +14.7% BS(e) and +14.1% consensus); EBIT: € 43.0 M (+43.3% vs. +16.7% BS(e) and +20.0% consensus); Net Profit: € 19.0 M (+533.3% vs. +316.7% BS(e) and +353.3% consensus). 9M'23 vs. 9M'22 Results Sales: € 2.735 Bn (+24.9% vs. +20.3% BS(e) and +20.1% consensus); EBIT: € 128.0 M (+32.0% vs. +23.7% BS(e) and +24.7% consensus); Net Profit: € 53.0 M (+55.9% vs. +36.8% BS(e) and +40.0% consensus).
- Alfredo del Cerro
CAF: RDOS. 9MESES’23 (ANÁLISIS BANCO SABADELL)
Rdos. 3T'23 vs 3T'22: Ventas: 858,0 M euros (+30,0% vs +14,7% BS(e) y +14,1% consenso); EBIT: 43,0 M euros (+43,3% vs +16,7% BS(e) y +20,0% consenso); BDI: 19,0 M euros (+533,3% vs +316,7% BS(e) y +353,3% consenso). Rdos. 9meses'23 vs 9meses'22: Ventas: 2.735 M euros (+24,9% vs +20,3% BS(e) y +20,1% consenso); EBIT: 128,0 M euros (+32,0% vs +23,7% BS(e) y +24,7% consenso); BDI: 53,0 M euros (+55,9% vs +36,8% BS(e) y +40,0% consenso).
- Research Department
IBERIAN DAILY 16 NOVEMBER + 3Q’23 RESULTS. PREVIEWS (ANÁLISIS BANCO SA...
NEWS SUMMARY: BANKING SECTOR, CAF, FLUIDRA. At the end of today’s report, and during the entire results season, we will include a presentation with previews for the 3Q’23 results to be released over the coming days in Spain. Optimism continues The gains (although smaller than on Tuesday) continued on both sides of the Atlantic, with sovereign yields widening, especially following the solid macro data in the US. Thus, in the STOXX 600, Technology and Basic Materials were the best relative perfo...
- Research Department
IBERIAN DAILY 10 NOVEMBER + 3Q’23 RESULTS. HIGHLIGHTS AND REST OF PREV...
NEWS SUMMARY: AMADEUS, CAF, COLONIAL, MERLIN. 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 3Q’23 results to be released over the coming days in Spain. Bullish stock markets amid expectations of peaking interest rates European stock markets saw strong gains, fuelled by expectations that interest rates would have peaked but J. Powell’s speech and the weak auction of the US 30Y...
- Research Department
IBERIAN DAILY 18 OCTOBER + 3Q’23 RESULTS. PREVIEWS (ANÁLISIS BANCO SAB...
NEWS SUMMARY: ACS, CAF, ELECTRICITY SECTOR, FERROVIAL, TALGO, 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 3Q’23 results to be released over the coming days in Spain. IBEX on the cusp of 9,300 points European stock markets weathered the rate hike and closed with slight gains despite the threats by Iran if Israel does not stop its attacks in Gaza. Thus, in the STOXX ...
- Research Department
IBERIAN DAILY 17 OCTOBER + 3Q’23 RESULTS. PREVIEWS (ANÁLISIS BANCO SAB...
NEWS SUMMARY: ACCIONA, ACCIONA ENERGÍA, CAF, CIE AUTOMOTIVE, FERROVIAL. 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 3Q’23 results to be released over the coming days in Spain. All eyes on the Middle East The session improved as it progressed in Europe, ending with gains and managing to erase the red numbers from the start of the session, with tension between Israel and Hama...
- Research Department
IBERIAN DAILY 09 OCTOBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: CAF, CAIXABANK, SANTANDER. Awaiting sovereign debt yield data European stock markets ended the week by reeling in part of the losses incurred, paying close attention to the performance of sovereign debt yields, which in the US hit a high since 2007 and were strengthened on Friday by the strong US employment data. Thus, the Euro STOXX 50 ended the week with losses of around -1.5%, in line with the Dax, whereas the IBEX fell more than -2.5%, falling below the 9,200 point reference. ...
- Research Department
INFORME DIARIO 09 OCTUBRE (ANÁLISIS BANCO SABADELL)
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CAF, CAIXABANK, SANTANDER. Pendientes de la evolución de las rentabilidades de la deuda soberana. Las bolsas europeas terminaron la semana moderando las caídas semanales, muy pendientes de la evolución de las rentabilidades de la deuda soberana que en EE.UU. marcaron máximos desde 2007 y se vieron reforzadas el viernes por el buen dato de empleo americano. Así, el Euro STOXX 50 concluyó la semana con caídas cercanas al -1,5% en línea con las caídas...
- Research Department
IBERIAN DAILY 13 SEPTEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: ACCIONA, ACCIONA ENERGÍA, CAF, INDITEX, RENEWABLE ENERGY SECTOR, TELEFÓNICA. Stock markets in wait-and-see mode Stock markets saw a rather negative session after the money market raised the probability of rate rises to 45% at the next ECB meeting. In the Euro STOXX, Automobiles and Household led gains (only 7 out of 20 sectors saw gains), whereas Real Estate and Basic Resources posted the biggest drops. On the macro side, in the UK July’s unemployment rate climbed to 4.3%, in line...
- Research Department
IBERIAN DAILY 12 SEPTEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: CAF, OHLA, TALGO. Stock markets continue to recover ahead of ECB European stock markets closed with gains ahead of the ECB meeting and despite a new rise in debt curves. In the Euro STOXX, the best-performing sectors were Real Estate and Retail, whereas Technology and Industrials were among the few in the red. On the macro side, the EC’s summer forecasts saw a -0.3pp cut to GDP’23-24 growth in the euro zone to 0.8% and 1.3% in view of the weakness, especially in the German economy...
- Alfredo del Cerro
CAF: 1H’23 RESULTS (ANÁLISIS BANCO SABADELL)
2Q'23 vs. 2Q'22 Results Sales: € 925.0 M (+16.5% vs. +23.6% BS(e) and +18.4% consensus); EBIT: € 42.0 M (+31.3% vs. +50.0% BS(e) and +37.5% consensus); Net Profit: € 13.8 M (+25.5% vs. +116.4% BS(e) and +70.9% consensus). 1H'23 vs. 1H'22 Results Sales: € 1.877 Bn (+22.7% vs. +26.3% BS(e) and +23.7% consensus); EBIT: € 85.0 M (+26.9% vs. +35.8% BS(e) and +29.9% consensus); Net Profit: € 34.0 M (+9.7% vs. +41.9% BS(e) and +25.8% consensus).
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.