Companies

Companies, Ibex, Markets 19th August 2024

Buy Naturgy: improving environment, high dividend yields and attractive multiples

Bankinter | Despite a less favourable environment for gas and electricity prices, Naturgy has been able to maintain its H1 results at a similar level to last year thanks to the better contribution of the regulated network activity, new investments in renewables and the improvement of the marketing margin. For the full year, the management team expects to achieve an EBITDA of over €5.3bn and a Net Profit Restated of…

Companies, In Europe, Markets 19th August 2024

Rheinmetall continues to offer an attractive entry point: Overweight, P. O. €666/share

Morgan Stanley | The company has announced the acquisition of Loc Performance (US vehicle supplier) for an EV of $950m. With less than 5% of sales coming from the US, Marie-Ange Riggio (analyst) sees the move as a strategic expansion to add exposure to a larger and more stable market, thus reinforcing the company’s long-term investment thesis, as it would increase production capacity in the US, opening the door to…

Companies, In Europe, Markets 19th August 2024

E.ON maintains guidance for this year and 2028 Strategic Plan: network investments to drive medium-term growth

Bankinter: E.ON maintains guidance for the year and 2028 targets. Investments in networks will drive medium-term growth. Buy. Key figures compared to consensus: Adjusted EBITDA €4,868m (-14%) versus €4,856m est; Adjusted EBITDA €1,754m (-24%) versus €1,790m est; Net Debt €40,829m versus €37,691m in December 2023. The management team reiterates 2024 guidance and 2028 targets. Opinion of Bankinter’s analysis team: Results meet estimates and the management team reiterates the guidance for…

Companies, Relevant News Item 15th August 2024

Faes Farma’s rise is serious

Renta 4: Since 2020, the stock has accumulated four years of consolidation since 2012. These consolidation ranges are usually of continuity of the previous trend (upwards since 2012). Since March, the price has shown a striking robustness and faces the passage of the guideline linking the highs of 2007, with those of 2020 and 2022 at €3.70, above which it would confirm its good form. The narrowness of the price…

Companies, Markets 14th August 2024

Oryzon to carry out €880,000 conversion of debentures

Link Securities | In relation to the financing, through a convertible bond programme, for a total amount of up to €45 million over 48 months, entered into between Oryzon Genomics (ORY) and Nice & Green SA, the company announces that the Investor has requested a conversion of bonds for an aggregate nominal amount of €880,000, at a conversion price of €1.7783 per share, representing 494,854 new shares of €0.05 par…

Companies, Ibex, Relevant News Item 14th August 2024

Repsol signs alliance with Honeywell to create new avenues for production of biofuels and circular materials

Link Securities | Repsol (REP) has signed a partnership with Honeywell to create new production pathways for biofuels and circular materials, according to BolsaMania. The two companies will also explore the possible integration of these methods into Repsol’s existing facilities. They plan to expand and commercialise Honeywell’s technologies for the production of renewable chemicals and fuels at REP’s refineries. They aim to produce different biofuels, including sustainable aviation fuel (SAF)…

Companies, Ibex, Relevant News Item 14th August 2024

L.A. law firm files class action lawsuit against Grifols based on allegations about accounts

Alphavalue/DIVACONS | A Los Angeles law firm, The Schall Law Firm, filed a class action lawsuit against the Catalan company on Tuesday, based on allegations made earlier this year by Gotham City about its accounts. This comes at a time when Grifols is debating a possible takeover bid being prepared by the Grifols family in conjunction with Canadian fund Brookfield. Grifols shares dropped -5.38% yesterday. Grifols: Buy, Target Price €19.9/share.

Companies, Ibex, Relevant News Item 14th August 2024

Interior Ministry awards Telefónica two contracts for almost €138 million to provide services to General Directorate of Police

Link Securities | The Ministry of the Interior has awarded Telefónica (TEF) two of the three lots of the public contract for the provision of telecommunications services for the Directorate General of Police for almost €138 million, according to the newspaper Expansión. Specifically, Telefónica has been awarded the lot relating to unified communications for the National Police for €112.49 million and the part of the contract relating to information and…

Companies 13th August 2024

Moody’s upgrades Almirall’s rating to Ba2 from Ba3 and maintains stable outlook

Banc Sabadell: According to press reports, Moody’s has upgraded Almirall’s (ALM) rating to Ba2 from Ba3, while maintaining a stable outlook. This change would respond to the expectation of strong revenue growth in the coming years supported by the launch of Ebglyss and other products in its current dermatology portfolio. Assessment: Positive news with limited impact

Companies, Ibex, Relevant News Item 13th August 2024

Aena airports in Spain register 31.9 million passengers in July, up 7%

CdM | Aena’s airports in Spain registered more than 31.9 million passengers in July, which is an all-time record for the month. The figure is 7.2% higher than in July last year, according to data provided by the company. Specifically, the seventh month of 2024 closed with 31,900,662 passengers in the airports of the Aena network in our country. Of these, 31,828,032 were commercial passengers: 22,241,650 travelled on international flights,…

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