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sacyr edificio logo nuevo

Sacyr and ACS, only foreign firms selected by British government to build and renovate several hospitals in UK for €42 billion

Norbolsa | Sacyr and ACS have been selected by the British government to participate in the New Hospitals Programme, valued at £37 billion (around €42 billion). They are the only foreign companies among the ten chosen to build and renovate hospitals in England between 2025 and 2039, as part of the National Health Service plan. Each of the companies will be awarded a healthcare centre, yet to be determined, in…


Moeve

Moeve begins construction of 300 MW hydrogen project in Palos de la Frontera, to be operational in 2029

Norbolsa | The company has approved the FID (investment decision) to launch the Onuba project, a hydrogen project in La Rábida. This project marks the start of construction of 300 MW (expandable to 400 MW) of hydrogen in Palos de la Frontera, which will be operational in 2029. Moeve will hold a 51% stake in this project, which will also involve Masdar (a renewable energy company from the United Arab…


españa inflacion alimentos

Spanish inflation remains at 2.3%, core surprises rising to 2.7%

Bankinter | CPI (preliminary) for February 2026 was 2.3% year-on-year, compared to the expected 2.2% and the previous 2.3%. Core CPI rose to 2.7% year-on-year, compared to 2.6% expected and 2.3% previously. In month-on-month terms, it rose to 0.4%, compared to 0.4% expected and a decline of 0.4% in January. Bankinter analysis teams’ view: Inflation is slightly surprising due to the one-tenth rebound in the core rate, after three consecutive…


ferrovial

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

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

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…


Iberdrola edificio

Iberdrola’s net profit improves by 12% in 2025 to €6.285 billion due to tax breaks on network investments in UK and capital gains from smart meters

Renta 4 | 2025 results in line with expectations across all lines of the income statement. The figures continue to be affected in comparison with 2024 by various extraordinary effects: capital gains generated in 2024 from the sale of assets in Mexico, while this year reflects the capital gains from the sale of smart meters and tax relief on network investments in the UK, as well as the recognition of…


Telefonica Plan Estrategico

Capital losses from Latin American sales and low growth lead Telefónica to €4,318M loss in 2025

The results were as expected; consequently, two hours after the market opened, the share price was up 0.47% to €3.66 per share. These results were more or less expected; consequently, an hour and a half after market open, Telefónica’s shares were down 0.11%, trading at €3.645 per share. According to the Bankinter analysis team, the results “are slightly lower than expected. In accounting terms, they reflect the sale of the…


redeia fachada

Redeia’s transmission network still has capacity for new demand in 25% of its nodes

Link Securities | The company announced that the transmission network still has capacity for new demand in 25% of its nodes, which may be granted either through general priority criteria or through a tender process, according to Bolsamania.com. The company, in its capacity as system operator (SO), has disclosed for the first time the access capacities for demand connection at the transport network nodes, calculated according to the technical criteria…


ferrovial autopista407

Highway 407-ETR, 48% owned by Ferrovial, posts €502 million profit, up 17%

Link Securities | The 407-ETR motorway (Canada), one of the world’s largest concession assets and 48% owned by Ferrovial (FER), posted a profit of CA$810 million (around €502 million), representing year-on-year growth of 17%, according to Expansión. The increase in profit is mainly due to a 5.7% rise in traffic, which is now 3.5% higher than pre-pandemic levels, with revenue per trip up 7% due to higher tolls.