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Filipe Botelho ... (+2)
  • Filipe Botelho
  • Josseline Jenssen

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Eldorado, Buenaventura, Vale, Avianca, GOL, Simpar, Metalsa

Filipe Botelho ... (+3)
  • Filipe Botelho
  • Josseline Jenssen
  • Lorena Reich

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Canacol, Vista Energy Argentina, Natura, JBS, Vale, GOL, Simpar, Aegea

Filipe Botelho ... (+3)
  • Filipe Botelho
  • Josseline Jenssen
  • Lorena Reich

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Ecopetrol, Gran Tierra Energy, IRSA, Rumo, Azul, Ultrapar, Vale

Josseline Jenssen ... (+2)
  • Josseline Jenssen
  • Lorena Reich

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Frontera Energy, Grupo Posadas, Pampa Energia, Vale

Filipe Botelho ... (+3)
  • Filipe Botelho
  • Josseline Jenssen
  • Lorena Reich

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Grupo Nutresa, Vale, Gerdau, Frontera Energy, Natura, Hunt Oil, Ero Copper, FS Agrisolutions

Josseline Jenssen
  • Josseline Jenssen

Vale - Earnings Flash - Q4 And FY 2025 Results - Lucror Analytics

Vale has released strong Q4/25 numbers, with revenues up 9% y-o-y and pro-forma adjusted EBITDA jumping 17%. The latter was driven by a surge in base metals EBITDA, while iron ore EBITDA inched down 1%. Net leverage slid 0.1x q-o-q to 0.7x. The company met its FY 2025 guidance for production across metals, costs and capex. Going forward, we believe Vale will maintain its solid capital structure and keep net leverage below 1.0x. 

Filipe Botelho ... (+3)
  • Filipe Botelho
  • Josseline Jenssen
  • Lorena Reich

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Natura, YPF, C&W Communications, CSN, Alpek, Grupo Nutresa, Vista Energy Argentina, Gran Tierra Energy, Vale, Embraer

Filipe Botelho ... (+3)
  • Filipe Botelho
  • Josseline Jenssen
  • Lorena Reich

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Usiminas, IRSA, Vale, Colombia Telecom, Klabin

Filipe Botelho ... (+3)
  • Filipe Botelho
  • Josseline Jenssen
  • Lorena Reich

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Gran Tierra Energy, YPF, Kallpa, Klabin, Buenaventura, Rumo, Sigma Alimentos, Vale, Aegea, Nemak, Braskem

Filipe Botelho ... (+3)
  • Filipe Botelho
  • Josseline Jenssen
  • Lorena Reich

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Brava Energia, Geopark, Frontera Energy, Colombia Telecom, Vale, Aegea

Felix Fischer ... (+4)
  • Felix Fischer
  • Filipe Botelho
  • Josseline Jenssen
  • Lorena Reich

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Gran Tierra Energy, Ero Copper, Cencosud, YPF, Millicom, Aeromexico, Vale, Votorantim, CSN, CEMEX, Nemak, Movida, Braskem Idesa

Filipe Botelho ... (+3)
  • Filipe Botelho
  • Josseline Jenssen
  • Lorena Reich

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Agrosuper, Arcos Dorados, Azul, Vale

Filipe Botelho ... (+3)
  • Filipe Botelho
  • Josseline Jenssen
  • Lorena Reich

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Brava Energia, Millicom, Vale, Embraer, FS Agrisolutions

Filipe Botelho ... (+3)
  • Filipe Botelho
  • Josseline Jenssen
  • Lorena Reich

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: FS Agrisolutions, CSN, Telecom Argentina, Vale, Embraer

Josseline Jenssen
  • Josseline Jenssen

Vale - Event Flash - Investor Day 2025 - Lucror Analytics

Vale held its Investor Day recently, providing updated projections for most of its relevant figures for 2025, 2026 and 2030. The company anticipates that production volumes will reach the top end of the guided range in 2025 except for agglomerates, which should come in at the low end. Costs should be at the mid-point of the anticipated range for iron ore, and at the low end for nickel and copper. FY 2025 we expect EBITDA at c. USD 15 bn, with a y-o-y stable margin of 40.4%. The respective figure...

Filipe Botelho ... (+2)
  • Filipe Botelho
  • Josseline Jenssen

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Avianca, Vale, Ambipar, Embraer

Filipe Botelho ... (+3)
  • Filipe Botelho
  • Josseline Jenssen
  • Lorena Reich

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Canacol, Buenaventura, Auna, CSN, Cencosud, Geopark, Vale, Braskem Idesa

Filipe Botelho ... (+3)
  • Filipe Botelho
  • Josseline Jenssen
  • Lorena Reich

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Canacol, Embraer, LATAM Airlines, Rumo, CSN, Vale, Axia Energia (formerly Eletrobras), Cosan SA

Filipe Botelho ... (+3)
  • Filipe Botelho
  • Josseline Jenssen
  • Lorena Reich

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: InRetail RE, Frontera Energy, LATAM Airlines, Rumo, Azul, Votorantim, Vale, JBS, Ecopetrol, Cosan SA

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