Relevant News Item

Companies, Relevant News Item 9th March 2026

Ferrovial wins €604 million contract to build two sections of new railway line in Poland in area with difficult terrain

Alphavalue/ Divacons | The Spanish construction, services and concessions company, through its Construction division and its Polish subsidiary Budimex, announced that it has been awarded a contract to build two sections of the new Podłęże–Piekiełk railway line in Poland. The project has a budget of PLN 2.58 billion (approximately €604 million) and is considered one of the most complex civil engineering works in the country’s railway network due to the…

Companies, Relevant News Item 6th March 2026

Digi to go public with IPO of new shares worth between €150-200 million and IPO of its parent company, volume not yet disclosed

Alphavalue / Divacons | Digi has detailed its upcoming IPO in Spain, which will take the form of a public offering of new shares worth between €150 million and €200 million, in addition to a public offering of shares held by its parent company, the final volume of which has not yet been determined. Pending developments in the geopolitical situation, the group’s first move is to inject resources to continue…

Companies, Relevant News Item 6th March 2026

Repsol estimates it can recover €4.55 billion from Venezuela: €963 million in debts, €3.587 billion in provisions

Link Securities | Repsol, Spain’s largest oil company, has estimated that it can recover €4.55 billion from Venezuela, which is currently trapped in the country, according to the newspaper Expansión. The figure includes loans and outstanding invoices from PDVSA, the state-owned hydrocarbon monopoly. It also includes the accounting provisions that Repsol has been making for years to cover the impairment of its assets in the country, given the chaotic situation…

Companies, Relevant News Item 5th March 2026

Turkish lira depreciates 27% in 2025, leading BBVA to write down value of Garanti by €130 million more, bringing cumulative total to €354 million

Link Securities | Expansión reports today that BBVA has been forced to write down the value of Garanti, its subsidiary bank in Turkey, in its annual accounts due to the negative performance of the currency, which depreciated by 27% last year. It has done so by €130 million, bringing the cumulative impairment in recent years to €354 million. Added to this is the money BBVA is losing in the country…

Companies, Relevant News Item 3rd March 2026

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…

Companies, Relevant News Item 3rd March 2026

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…

In Spain, Relevant News Item 2nd March 2026

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…

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…

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…

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…

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