reports
- Research Department
IBERIAN DAILY 25 SEPTEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: CAF, IBERDROLA, SANTANDER. Drivers lacking to hit new highs In a session without drivers, European stock markets were a mixed bag after Trump reaffirmed his support of NATO’s defence. In the STOXX 600, the best-performing sectors were cyclicals linked to raw materials like Basic Materials and Energy, but also the industrial subsector of Defence, whereas Construction and Financial Services ended with the biggest drops. On the macro side, in Germany the IFO worsened unexpectedly in ...
- Research Department
IBERIAN DAILY 19 SEPTEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: AENA, CAF, FCC, TELEFÓNICA, VISCOFAN. The Fed spurs the markets Following the expected rate cut by the Fed, European stock markets reacted with sharp rises of more than +1.5%. The IBEX lagged behind and closed with slight losses due to the lack of technology stocks. In the STOXX 600, Technology was once again the big winner, with Utilities and Basic Materials falling the most. On the macro side, in the US the Philadelphia Fed manufacturing index rose sharply in August. Weekly jobl...
- Research Department
INFORME DIARIO 19 SEPTIEMBRE (ANÁLISIS BANCO SABADELL)
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: AENA, CAF, FCC, TELEFÓNICA, VISCOFAN. EUROPA: ESSILORLUXOTTICA. La Fed anima las bolsas Tras la esperada bajada de tipos por parte de la Fed, las bolsas europeas reaccionaron con fuertes avances por encima del +1,5%. El Ibex se quedó rezagado y cerró con tímidas pérdidas por la ausencia de representación tecnológica. Así, en el STOXX 600 Tecnología volvió a liderar con fuerza los avances frente a Utilities y R. Básicos que fueron los que más cayero...
- Research Department
IBERIAN DAILY 17 SEPTEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: CAF, CAIXABANK. Corrections ahead of the Fed Yesterday corrections on European stock market cancelled out Monday’s gains amid doubts about higher fiscal pressure in Europe and despite the robust macroeconomic data released in the US. In the STOXX 600, all sectors except Basic Resources ended with drops, led by Insurance and Banks. On the macro side, in Germany, September’s ZEW index rose unexpectedly. In the euro zone, July’s industrial output climbed more than expected in MoM ter...
- Research Department
IBERIAN DAILY 28 AUGUST (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: CAF. CAC rallies thanks to Luxury, underpinning Euro STOXX 50 Despite being mired in a new political crisis, the French stock market recovered slightly in a session marked by the drops in the rest of the indices (IBEX -0.66%, DAX -0.53%) and lacking macro references. In the STOXX 600, the best-performing sectors were Consumer Goods, Pharma and Technology, while Banks and Travel & Leisure fell the most. On the macro side, J. Williams of the New York Fed commented it is necessary to...
- Research Department
INFORME DIARIO 28 AGOSTO (ANÁLISIS BANCO SABADELL)
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CAF. EUROPA: PERNOD RICARD. El CAC rebota gracias al lujo y apuntala al Euro STOXX 50 A pesar de estar inmerso en una nueva crisis política, la bolsa francesa se recuperó ligeramente en una sesión marcada por las caídas en el resto de plazas (Ibex -0,66%, DAX -0,53%) en una sesión sin referencias macro. En el STOXX 600 los mejores sectores fueron B. Consumo, Farma y Tecnología mientras que Bancos y Viajes&Ocio mostraron las mayores cesiones. Por el ...
- Daniel Slater
Ampeak Energy (AMP LN) - Forecast and valuation update - Corporate
Ampeak recently announced the financial close of its AW1 BESS project in South Wales. This was a significant milestone for the company, demonstrating Ampeak’s ability to develop and fund its BESS portfolio while retaining a material equity stake, in this case 75%. We have now revisited our model, incorporating the full effect of AW1 and updating our forecasts and valuation. Going forward, we look for further progress on AW1 and Ampeak’s other BESS projects, as the company continues to build out ...
- Andres Bolumburu
- Oscar Rodriguez
ARCELORMITTAL: 2Q’25 RESULTS (ANÁLISIS BANCO SABADELL)
2Q'25 vs. 2Q'24: EBITDA: $ 1.860 Bn (-0.1% vs. +0.3% BS(e) and -0.6% consensus); BDI: $ 1.793 Bn (+255.8% vs. +65.1% BS(e) and +60.9% consensus); 1H'25 vs. 1H'24: EBITDA: $ 3.440 Bn (-9.9% vs. -9.7% BS(e) and -10.2% consensus); BDI: $ 2.598 Bn (+80.2% vs. +13.5% BS(e) and +12.1% consensus).
- Andres Bolumburu
- Oscar Rodriguez
ARCELORMITTAL: RDOS. 2T’25 (ANÁLISIS BANCO SABADELL)
Rdos. 2T'25 vs 2T'24: EBITDA: 1.860 M euros (-0,1% vs +0,3% BS(e) y -0,6% consenso); BDI: 1.793 M euros (+255,8% vs +65,1% BS(e) y +60,9% consenso); Rdos. 1S'25 vs 1S'24: EBITDA: 3.440 M euros (-9,9% vs -9,7% BS(e) y -10,2% consenso); BDI: 2.598 M euros (+80,2% vs +13,5% BS(e) y +12,1% consenso).
- Research Department
IBERIAN DAILY 31 JULY + 2Q'25 RESULTS. HIGHLIGHTS AND REST OF PREVIEWS...
NEWS SUMMARY: ARCELOR MITTAL, ELECTRICITY SECTOR, FLUIDRA, MELIA, MERLIN PROPERTIES, NEINOR HOMES, REDEIA, 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 2Q’25 results to be released over the coming days in Spain. Growth resisting for now European stock markets ended with slight gains in view of the signs of resistance in the 2Q’25 GDP and ahead of the Fed meeting, w...
- Research Department
INFORME DIARIO 31 JULIO + RDOS. ESPAÑA Y EUROPA 2T’25. IDEAS DESTACADA...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ARCELOR MITTAL, FLUIDRA, MELIA, MERLIN PROPERTIES, NEINOR HOMES, REDEIA, SECTOR ELÉCTRICO, VISCOFAN. EUROPA: AB INBEV, AIRBUS, BMW, ING GROEP, SANOFI, SAFRAN, SOCIETE GENERALE, 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. 2T’25 que se publicarán en España y Europa en los próximos días. El crecimien...
DG VINCI SA
GLE SOCIETE GENERALE S.A. CLASS A
SAN SANOFI
SAF SAFRAN S.A.
AIR AIRBUS SE
VIS VISCOFAN S.A.
FDR FLUIDRA S.A.
MERLIN MERLIN PROPERTIES SOCIMI S.A.
ITKA ANHEUSER-BUSCH INBEV N.V. ADS
MEL MELIA HOTELS INTERNATIONAL S.A.
HOME NEINOR HOMES SA
MTL ARCELORMITTAL
INGA ING GROEP N.V.
RE21 RED ELECTRICA CORP. S.A.
- Andres Bolumburu
CAF: 1H’25 RESULTS (ANÁLISIS BANCO SABADELL)
2Q'25 vs. 2Q'24 Results Sales: € 1.061 Bn (-1.0% vs. +4.2% BS(e) and +5.7% consensus); EBIT: € 57.0 M (+3.6% vs. +5.5% BS(e) and +9.1% consensus); Net Profit: € 37.0 M (+27.6% vs. +30.0% BS(e) and +27.6% consensus); 1H'25 vs. 1H'24 Results Sales: € 2.179 Bn (+4.8% vs. +7.5% BS(e) and +8.2% consensus); EBIT: € 114.0 M (+11.8% vs. +12.7% BS(e) and +14.7% consensus); Net Profit: € 73.0 M (+40.4% vs. +41.7% BS(e) and +40.4% consensus);
- Andres Bolumburu
CAF: RDOS. 1S’25 (ANÁLISIS BANCO SABADELL)
Rdos. 2T'25 vs 2T'24: Ventas: 1.061 M euros (-1,0% vs +4,2% BS(e) y +5,7% consenso); EBIT: 57,0 M euros (+3,6% vs +5,5% BS(e) y +9,1% consenso); BDI: 37,0 M euros (+27,6% vs +30,0% BS(e) y +27,6% consenso); Rdos. 1S'25 vs 1S'24: Ventas: 2.179 M euros (+4,8% vs +7,5% BS(e) y +8,2% consenso); EBIT: 114,0 M euros (+11,8% vs +12,7% BS(e) y +14,7% consenso); BDI: 73,0 M euros (+40,4% vs +41,7% BS(e) y +40,4% consenso);
- Research Department
IBERIAN DAILY 29 JULY + 2Q’25 RESULTS. HIGHLIGHTS AND REST OF PREVIEWS...
NEWS SUMMARY: ACCIONA, ACCIONA ENERGÍA, CAF, ENDESA, IBERDROLA, UNICAJA. 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 2Q’25 results to be released over the coming days in Spain. After the agreement... losses in Europe With the digestions of the trade agreement, the initial gains for European stock markets turned into drops near -0.5%. Negotiations on microchips, pharma produ...
- Research Department
IBERIAN DAILY 24 JULY + 2Q’25 RESULTS. HIGHLIGHTS AND REST OF PREVIEWS...
NEWS SUMMARY: ACS, AEDAS HOMES, BANKINTER, CAF, COLONIAL, IBERDROLA, INDRA, REPSOL, 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 2Q’25 results to be released over the coming days in Spain. Greater expectations in trade negotiations European stock exchanges recovered the ground lost the previous session, rallying around +1.0% after the trade agreement with Japa...
- Research Department
INFORME DIARIO 23 JULIO + RDOS. ESPAÑA Y EUROPA 2T’25. IDEAS DESTACADA...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: AMPER, ENCE, FCC, IBERDROLA, INDRA, GLOBAL DOMINION, METROVACESA. EUROPA: NOKIA, SAP, UNICREDIT. 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. 2T’25 que se publicarán en España y Europa en los próximos días. Trump anuncia un acuerdo comercial con Japón A excepción del Ibex, que se mantuvo plano, nueva jorn...
- Research Department
INFORME DIARIO 22 JULIO + RDOS. ESPAÑA Y EUROPA 2T’25. IDEAS DESTACADA...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: AMPER, ENAGÁS, GLOBAL DOMINION, IAG. EUROPA: MUNICH RE. 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. 2T’25 que se publicarán en España y Europa en los próximos días. El Ibex recupera los 14.000 puntos A pesar de que la jornada fue de menos a más gracias a la apertura positiva de las bolsas en EE.UU., las ...
- Research Department
IBERIAN DAILY 22 JULY + 2Q’25 RESULTS. HIGHLIGHTS AND REST OF PREVIEWS...
NEWS SUMMARY: AMPER, ENAGAS, GLOBAL DOMINION, IAG. 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 2Q’25 results to be released over the coming days in Spain. Ibex returns to 14,000 points Despite the increasing performance seen yesterday thanks to the positive opening bell of US stock markets, European stock exchanges ended with drops in a session without macroeconomic referen...
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.