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prosegur camion

Companies 5th May 2026

Prosegur: lower PPA amortisation, finance costs, and tax result in net profit of €33 million (up 15%) in Q1 2026

Renta 4 | The Q1 2026 results not only match, as we mentioned in our previous report, but exceed the figures for the same quarter of the previous year, despite the depreciation of several currencies (USD, INR, ARS) against the euro, and its consequent impact on revenue (down 6.2%). Revenue has even increased by 1% year-on-year, in line with estimates, thanks to an excellent performance of the underlying business, which…

Grifols

Companies 5th May 2026

Grifols consolidates position among world’s most sustainable biotech companies after improving rating in Dow Jones Best-in-Class indices

Alphavalue/Divacons | The Catalan company specialising in blood products has consolidated its position among the world’s most sustainable biotech companies after improving its rating in the Dow Jones Best-in-Class indices. With a score of 74 points – four more than the previous year – the firm has now been listed for five consecutive years on the World index and six on the Europe index. Grifols: Buy, Target Price €14.3 per…

MerlinProperties1

Companies 5th May 2026

Merlin Properties considering divesting up to 41,000 m² of office space in Madrid, some to be converted into homes

Alphavalue / Divacons | The property company has completed the sale, or is in advanced negotiations, of up to 41,000 m² of office space in Madrid. The buyers will convert these assets into housing, thereby helping to alleviate the housing shortage in the capital. The transaction would enable part of these assets to be converted into more than 400 homes. The divestment would amount to around 7% of Merlin’s office…

tubos reunidos planta

Companies 5th May 2026

Tubos Reunidos files for voluntary administration due to cash flow difficulties and shutdown of Amurrio plant

Renta 4 | Tubos Reunidos has informed the National Securities Market Commission (CNMV) that, on 4 May 2026, its Board of Directors approved the application for voluntary administration. The application has already been filed with the competent court in Álava. The decision has been taken due to the cash flow difficulties faced by the company, exacerbated by the shutdown of operations at its Amurrio plant, which have led the company…

acerinox 2

Companies, Relevant News Item 5th May 2026

Acerinox sees possibility of increasing EBITDA by €500 million per year, and of listing in US

Link Securities | Acerinox (ACX) sees potential to increase its operating cash flow (EBITDA) by up to €500 million a year, according to forecasts presented by the company’s chairman, Carlos Ortega, during a press briefing ahead of the Annual General Meeting, as reported by the newspaper Cinco Días. The Spanish listed company’s projections include a potential increase of up to €300 million in operating profit thanks to inorganic growth in…

cellnextorre

Companies 4th May 2026

Cellnex exploring agreements with defence companies to use towers for anti-drone surveillance

Link Securities | The European leader in telecommunications towers – which has more than 110,000 mobile antenna sites across 10 European countries – is negotiating partnerships with defence companies to use its sites as part of an anti-drone surveillance alert network, according to its CEO, Marco Patuano, at a media briefing ahead of the group’s annual general meeting. The executive explained that the profile of a potential drone attack has…

adolfodominguez

Companies 4th May 2026

Adolfo Domínguez reports net profit of €1.64 million in Q1 2026, up 81%

Alphavalue/Divacons | The fashion company presented its Q1 2026 results on Thursday; its share price closed down 0.90%. Sales €139 million (+2% year-on-year). Comparable sales grew by 2.3% and increased across all the brand’s main markets. Consolidated net profit €1.64 million (up 81% year-on-year). The company expects to continue its steady growth in sales and profitability in the coming financial year.

FCC sede

Companies 4th May 2026

FCC and Comsa competing against local bidder Mota Engil in tender for contract to build new line on Lisbon Metro

Link Securities | A consortium led by FCC and Comsa is competing against a bid from local firm Mota Engil, which was partnering with the Chinese state-owned giant CRRC, in the tender to secure the contract for the construction of a new line (Linha Violeta) on the Lisbon metro, with an investment budget of €600 million. The contract was initially awarded to Mota Engil and CRRC in 2025, but an…

ArcelorMittal renove

Companies 4th May 2026

Europe to be main driver of ArcelorMittal’s earnings acceleration through to H2 2026

Morgan Stanley | Alain Gabriel (analyst) reiterates his Overweight view on his Top Pick ArcelorMittal following Q1 2026 results, with management characterising the Q2 2026 outlook as one of improving prices, recovering volumes and greater operational flexibility across all divisions. He highlights Europe as the main driver of earnings acceleration towards H2 2026, as shipments increase, and notes that the positive FCF guidance remains in place, with scope to resume…

TSB Sabadell

Companies, Relevant News Item 4th May 2026

Sale of TSB to Santander generates €300 million capital gain for Sabadell

Renta 4 | Having obtained the necessary regulatory approvals, Sabadell and Santander have completed the sale of TSB. On Thursday, 100% of the share capital of TSB Banking Group plc (TSB) was transferred to Santander UK plc for a total of €2.863 billion, resulting from the agreed price of £2.65 billion, adjusted upwards by £213 million due to the positive change in TSB’s VNCT between 1 April 2025 and 30…