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Articles by The Corner

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
fluidra piscina

Companies 26th February 2026

Fluidra posts net profit of €176 million in 2025 (up 27%) and EBITDA of €395 million

Alphavalue/Divacons | The Barcelona-based swimming pool and spa company (market cap €4.6 billion) has announced its results for the 2025 financial year. Sales of €2.18 billion; gross margin of 56.6%; EBITDA of €395 million. Net operating expenses down 0.6% year-on-year; net profit of €176 million (up 27% year-on-year); EPS of €0.927 per share compared to €0.727 per share year-on-year. Net debt falls to €1.0866 billion. Looking ahead to 2026, they…

ferrovial

Companies, Relevant News Item 26th February 2026

Ferrovial’s EBITDA increases 9% to €1.457 billion, thanks to construction business and despite moderating trend in toll roads

Intermoney | Ferrovial (Hold, Target Price €43/share) announced its results for December 25 on Wednesday after the close of trading in New York, and will hold a conference call and webcast today at 3 p.m. The main figures from the results, together with our estimates, are shown in the attached table. Overall, EBITDA rose by 9% to €1.457 billion in 2025, well above our estimate (€1.387 billion), in what was…

Indra novedad

Companies, Relevant News Item 26th February 2026

Indra’s Q4 2025 results exceed forecasts, 2026 guidance supported by increased contracting and order book

Renta 4 | The results have significantly exceeded estimates in the main figures. Ordinary income €1.845 billion (up 6% against Renta 4 estimate and consensus and up 28% against Q4 24), EBIT, the main figure, €199 million (against €173 million Renta 4 estimate, €178 million consensus, up 31% against Q4 24), EBITDA €231 million (up 13% year-on-year and up 31% compared to Q4 24) and net profit €145 million (up…

ACS novisimo

Companies, Relevant News Item 26th February 2026

ACS’s net profit, excluding extraordinary items, rises 25% to over €857 million, supported by Turner’s strong performance

Link Securities | ACS (ACS) presented its results for the 2025 financial year on Wednesday, along with a year-on-year comparison, from which we highlight the following aspects: The ACS group’s sales for the year reached €49.848 billion, up 19.7% (25.3% at constant exchange rates), thanks to the solid performance of all its activities. Breaking down sales by geography, the United States and Canada contributed 63% of turnover, followed by Australia…

pensioners

In Spain 26th February 2026

Pension spending soars to €14.272 billion in February, up 6%

Social Security—carrying an annual deficit that independent analyses from FEDEA place near €70 billion—paid out 10,446,888 contributory pensions to approximately 9.5 million people this February, according to a report released Wednesday by the Ministry of Inclusion, Social Security, and Migration. Additionally, it paid out another 700,000 non-contributory pensions. Of the contributory pensions, 6.7 million are retirement pensions; 2.3 million are widowhood pensions; over one million are for permanent disability; more…

espana servicios hosteleria

In Spain 26th February 2026

Spanish consumer confidence rises to 80.5 points in January from 75.8 in December

Link Securities | The Spanish consumer confidence index, the ICC, compiled by the CIS, rose to 80.5 points in January from 75.8 points in December. This increase in the index is due to the positive performance of its two components: on the one hand, the assessment of the current situation rose by 3.3 points and, on the other, the assessment of future expectations was 6 points higher than in December….

EEUU consumidores conference board

In the World 25th February 2026

US consumer confidence rises 2.2 points in January to 91.2, but remains below November 2024 figure of 112.8

Singular Bank | In February, the Conference Board’s consumer confidence index in the US rose 2.2 points to 91.2 points following an upward revision of January’s figure (89.0 points). This reading significantly exceeded market consensus estimates (87.4 points), although it remains well below the four-year high of 112.8 reached in November 2024. At the same time, the present situation index rose 6.3 points to 120.0 points and the expectations index…

spain tourism

In Spain 25th February 2026

Spain’s service sector output grows 3.5% in 2025, highest rate since 2022

CdM | Production in the service sector grew by 3.5% in 2025 as a whole, which is six tenths more than the previous year and the highest rate since 2022, according to figures published by the National Statistics Institute (INE). Trade increased its production by 5.3% and other services by 4.8%.In the series adjusted for seasonal and calendar effects, the overall production index for the service sector rose by 3.4%….

oryzon

Companies 25th February 2026

EMA approves Oryzon Genomics’ application to initiate Phase II study with iadademstat

Link Securities | Oryzon Genomics (ORY) announced that the European Medicines Agency (EMA) has approved its Clinical Trial Authorisation (CTA) application to initiate a Phase II study with iadademstat in patients with essential thrombocythaemia (ET), thus expanding the clinical development of the drug beyond acute leukaemia to other haematological indications, according to the Bolsamanía website. The study, called IDEAL (Iadademstat treatment for Essential Thrombocythaemia), will be a multicentre, open-label, single-arm…

bodegas riojanas

Companies, Markets 25th February 2026

Bodegas Riojanas opens negotiations with creditors to reach Restructuring Plan

Link Securities | Bodegas Riojanas (RIO) reports that the Board of Directors, at its meeting held on 24 February 2026, unanimously decided that the company should submit a notification of the opening of negotiations with its creditors, as referred to in Article 585 of Royal Legislative Decree 1/2020 of 5 May. The purpose of this communication is to allow the company to begin negotiations with its main creditors in order…