IBEX


Spanish Telefonica Q1 results

Telefonica Earns 779 M€ In Q1’17 Thanks To Brazil; Spain Disappoints

Telefonica’s  net profit rose 42.2% to 779 million euros in the first quarter of 2017 from a year earlier. The 2016 results were reformulated mid-last year after the group decided to stop presenting its UK subsidiary O2 as a discontinued operation. Revenues from its Brazil and Latin American operations were the main earnings driver.



FCC net profit

FCC announces net profit of €21.4 M in the first quarter

FCC the Spanish environmental services, infrastructure and water management company, majority owned by Carlos Slim, reported net profit of €21.4 million in the first quarter, contrasting with a loss of €-16.7 million in the same period last year.Gross interest-bearing debt now stands at €5,063 million, 28% less than at 31 March 2016. The backlog now totals €30.650 million, equivalent to more than five years’ revenues.


Endesa- Enel strategy plan

Endesa posts weak Q1 results, with net profit down 26%

Endesa registered net profit of 253 million euros in the first quarter of 2017, down 26% from a year earlier, due to the impact of the “high” prices of electricity in the wholesale market. Its dividend yield is still attractive at 5.7%, while the share price has also been supported by rumours of a corporate deal.



Repsol.basic

Repsol Makes €689 Mn In Q1’17 Boosted By Downstream

Repsol made net profit of 689 million euros in the first quarter of 2017, up 59% from a year earlier, fuelled by plans implemented to increase the company’s resilience and flexibility against the current backdrop of low prices. Its downstream business was the main driver of its strong first quarter performance.



caixabank_sunset

Caixabank posts profit of €403 M (+47.9%); lending and customer funds grow 11% after integration of BPI

Caixabank reported net attributable profit of €403 million in the first quarter of 2017, up 47.9% year on year. During the quarter, the Caixabank Group effectively has become the leading bank in the Iberian financial sector, with a business volume of €565,987 million and 15.8 million customers. Following the integration of BPI, the Bank has gained a further 2 million customers, €34,037 million in customer funds and €23,328 million in loans and advances to customers, gross.


BBVA's results in 1Q 2017

BBVA Earns €1.2 Billion In First Quarter (+69%)

BBVA obtained a net attributable profit of €1.2 billion between January and March 2017, up 69% compared to the same period a year earlier (+79.2% in constant terms) and the highest of the past seven quarters. Net attributable profit grew across all business areas in y-o-y terms. The solid performance of income, moderation in operating expenses and a drop in impairment losses on financial assets are the main factors that underpinned this growth.