Ibex




Tecnicas Reunidas, leading the bid for Aramco Gas Projects

Tecnicas Reunidas Q2 top line results beat consensus; show robust pipeline

Citi | Tecnicas Reunidas (TRE) reported second quarter 2016 EBIT of €50 million vs consensus of €41 million (+20%), driven by higher revenues. Citi analysts flag that the operating margin of 4% was in-line with the company’s guidance, with the execution progressing as planned on all key projects.


Goiri

Sabadell, Bankia H1 results prompt different stock market reaction

The banks’ non-performing loans ratio continues to show signs of recovery amid the ongoing deleveraging process on the part of households and companies. The balance of impaired loans fell by 18.3% in May to 121,865 billion euros. Against this backdrop, Banco Sabadell and Bankia were the first banks to present their first half results’ report. And the Spanish stock market reacted in a completely different way to each report.


Santander still a systemic bank

Santander, Unicredit End Talks On Asset Management Deal

Italian lender Unicredit has announced the cancellation of an agreement reached in November with Spain’s Santander to create a new asset management company by combining their respective subsidiaries Pioneer Investments and Santander Asset Management.

 


ACS, Atlantia eye remaining stake in Abertis

Abertis Posts H1 Net Profit Of €510M Thanks To Recurrent Business

Abertis’ key figures improved in the first half of 2016, with growth in net profit (+9% like-for-like) to €510Mn , EBITDA (+7% like-for-like) to €1,502Mn and revenue (+5%) to a total of €2,243Mn, in a period featuring a resilient recurring business, traffic increases and the addition of new assets to the consolidation scope following the acquisition of 50% of Autopista Central in Chile.


Cellnex buys El Corte Inglés' antenna business for € 70M

Cellnex Obtains €24M Net Income in H1’16 as a recent Ibex 35 debutant

Cellnex Telecom is the leading independent operator of wireless telecommunications’ infrastructure in Europe and is a newcomer to the Spanish stock exchange (it made its debut on June 9).  In the first half to June, the company obtained revenues of €338 million and EBITDA of €134 million. Net income reached €24 million compared to €18 million a year earlier. At end-June, Cellnex had a portfolio of 15,135 towers located in Spain, Italy, the Netherlands and France. Cellnex is a subsidiary of Abertis.


Telxius

As Telefonica Presents H1’16 Results, It Faces Up To Effects Of Failed Attempt To Sell 02

Telefonica has presented on Thursday its first half results. These have highlighted the new contribution from its O2 UK subsidiary, which returns to the multinational’s permiter after five quarters on the outside. Revenues in the UK during H1’16 reached 3,464 million euros against 25,235 in the consolidated group. Meanwhile, Telefonica’s frustrated attempt to sell its UK unit O2 to Hutchison is beginning to have consequences.