Companies

Companies 13th November 2025

Despite no official confirmation, Telefónica unions suggest company has redundancy plan

Alphavalue / Divacons | Telefónica unions expect management to propose a redundancy plan for the company. However, at the moment, this measure has not been officially announced; the only thing that has been confirmed is that next Monday the operator’s new strategic plan will be presented to them. Union sources informed EFE that the company’s management sent a very brief invitation to a meeting on Monday morning. The aim is…

Companies 13th November 2025

Amper strengthens portfolio in oil & gas and offshore wind energy sector, subsidiary Navacel awarded five new contracts worth €25.7 million

Renta 4 | Navacel, Amper’s subsidiary dedicated to manufacturing equipment for the offshore market, has announced the award of five contracts in the oil & gas and offshore wind energy sectors for a total amount of €25.7 million. The contracts are: 1) two orders valued at €16 million for the supply and manufacture of a mooring and fluid transfer system for BPSO (Floating Production, Storage and Offloading) vessels with a…

Companies 13th November 2025

Sabadell misses Q3 2025 forecasts: net profit amounts to €414 million, 6% below consensus, and reiterates 2025-27 guidance

Renta 4 | Q3 2025 results were below our estimates and consensus estimates in the main lines of the income statement, with net profit 3% below Renta 4 estimates and 6% below consensus. Highlights of the results include: 1) Net interest margin remained stable quarter-on-quarter at constant rates and fell 1% ex-TSB, with volume growth partially offsetting the deterioration in customer margin (-6 bp i.t.). 2) The cost of risk…

Companies, Relevant News Item 12th November 2025

Major Spanish construction companies form consortiums to bid for macro-contract to expand and operate I-77 South motorway (North Carolina)

Link Securities | Acciona, ACS, FCC, Ferrovial and Sacyr are preparing their bids for a new macro-road project in the US, according to an article in elEconomista.es. They are finalising their alliances to submit their credentials in mid-December in the tender for the expansion and subsequent operation, using a managed lanes model, of the I-77 South motorway in North Carolina. The project will require an estimated investment of between $3.2…

Companies 12th November 2025

Vocento loses €3.2 million in 9M25 compared to -€27 million in 9M24 thanks to capital gains from the sale of real estate and pisos.com

Intermoney | The company (Buy, PO €1.0) published its results for the first nine months yesterday after the market closed. The performance is greatly affected by changes in the scope of consolidation (the cessation of the Digital Services and Relevo sports newspaper activities, as well as the sale of pisos.com, businesses that in 9M24 contributed €9.7 million in revenue and EBITDA losses of €2.9 million). In comparable terms, revenue fell…

Companies 12th November 2025

BBVA covers 23.2% of €993-million share buyback programme

Alphavalue / Divacons | The financial institution executed 23.2% of its share buyback programme, valued at €993 million, as reported yesterday to the Spanish National Securities Market Commission (CNMV). Specifically, between 31 October and 10 November, the entity acquired a total of 13.1 million shares for €231 million at an average price of €17.6 per share.

Companies 12th November 2025

Santander considering selling 13% stake it still holds in Polish subsidiary, worth just over €1.6 billion

Link Securities | The bank has hired Goldman Sachs and Citi to analyse the sale of its remaining stake in its Polish subsidiary, Santander Polska, which is valued at just over €1.6 billion, according to sources familiar with the situation who spoke to Bloomberg. Santander retains 13% of the Polish unit after executing the transaction it announced last May: the sale of 49% of Santander Polska to Esrte Group for…

Companies 11th November 2025

Acciona ups stake in own renewable energy subsidiary from 85.47% to 91.11%

Norbolsa | Acciona has increased its stake in Acciona Energía from 85.47% to 91.11% after executing the equity swaps agreed a year ago, reopening the debate on a possible delisting. Other options being considered by Acciona include a spin-off to separate the infrastructure and renewable energy businesses, promoting a merger with the parent company, seeking strategic partners, or maintaining the current situation while assessing the market environment.

Companies, Relevant News Item 11th November 2025

Naturgy to purchase 1 million tonnes of LNG per year from Venture Global for €4 billion

Alphavalue / Divacons | The energy company and Venture Global, the second largest producer and exporter of liquefied natural gas (LNG) in the United States, yesterday formalised a purchase agreement for the acquisition of one million tonnes per year of liquefied natural gas (LNG). The supply will come from the CP2 LNG plant, located in Louisiana (US). The contract is valued at more than €4 billion and will be effective…

Companies 11th November 2025

Rental housing company Cevasa posts revenues of €19 million in 9M25

Lighthouse/ Spanish Institute of Analysts | Rental income (€17.4 million; up 13.6% against 9M24) maintained its growth rate for two reasons: (i) organic growth of 6.5%, mainly due to price updates, and (ii) growth of 7.1% due to the impact of last year’s purchase of a 150-unit building that was not consolidated in 9M24. At the consolidated level, Cevasa recorded revenues of €19.0 million (up 12.4% against 9M24). The recurring…

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