European economy

airbus A320

Airbus CEO says deliveries to non-US customers could be prioritised if tariffs disrupt imports

Link Securities | Airbus (AIR) CEO Guillaume Faury made it clear on Thursday that he could prioritise deliveries to non-US customers if tariffs disrupt the aircraft manufacturer’s imports into the United States, according to Bolsamanía. We have great demand from the rest of the world, so if we face very significant difficulties in delivering to the United States, we can also adapt by bringing forward deliveries to other customers who…


ECB Eurosystem

ECB says inflation risks increasingly ‘skewed to upside’ and could consider ‘pauses’ in rate cuts

BancaMarch | The ECB could discuss ‘pauses’ in rate cuts. Isabel Schnabel, a member of the ECB’s executive board, has said that the monetary authority could be close to ending the process of rate cuts in the eurozone, concluding that the risks surrounding inflation are increasingly ‘skewed to the upside’. It should be remembered that, since the summer, the ECB has cut the price of money relatively quickly, and everything…


airbus A320

Airbus Q4 2024 profit reaches €2,424 million -up 66% year-on-year- 269 commercial aircraft delivered and 171 helicopters contracted

Bankinter | Results meet expectations, ambitious 2025 targets. Some pressure remains on supply chains. Key figures from the results for Q4 2024 versus the company’s own consensus estimate: Sales €24,716 million (up 8% year-on-year) versus €24,678 million estimated. Adjusted EBIT of €2,556 million (up 15.8% year-on-year and €2,601 million expected); reported EBIT of €2,614 million (up 38% year-on-year versus €2,571 million expected) and net income of €2,424 million (up 66%…


AccionaSede

Acciona among companies in talks with Masdar to buy assets in Spain, Portugal and France

Norbolsa | Masdar is exploring several M&A operations to grow Saeta (acquired from Brookfield) and turn this group into its major expansion platform in Western Europe. Thus, they are in talks with EDP, Acciona and Totalenergies to buy various assets in Spain, Portugal and France, especially in wind power. Industry sources indicate that these transactions could add another 1,000 MW in operation, which at market price would be around €1billion….


Ferrovial construcción

Ferrovial completes sale of 50% stake in AGS for €535 million

Intermoney | Ferrovial (FER) (Hold, PO €35) announced on Tuesday after the market closed that it has completed the sale of its 50% stake in AGS, which groups a number of airports in the UK, to AviAlliance UK Limited for £450 million, around €535 million. Macquarie, owner of the other 50%, has also sold this position for the same amount. Ferrovial confirms that in its Q1 25 results it will…


ana botin

Ana Botín assures in Davos that UK is key market for group and denies rumours of exit

Link Securities | The president of Banco Santander (SAN), Ana Botín, said on Tuesday that the United Kingdom is a key market for the group and ‘will remain so’ in the future, after it was published a few days ago that the bank would be rethinking its continuity in the country, according to the Europa Press agency. During her participation in a round table at the Davos Economic Forum, Botín…


Eurozona IPC 1

Eurozone annual inflation rises to 2.4% in December

CdM: The annual inflation rate in the euro area was 2.4% in December 2024, up from 2.2% in November. A year earlier, the rate was 2.9%. Annual inflation in the European Union was 2.7% in December 2024, compared with 2.5% in November. A year earlier, the rate was 3.4%. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were recorded in Ireland…


eurozona superavit comercial

Eurozone generates €16.4-billion goods trade surplus with rest of world in November, down from €18.2 billion one year ago

Link Securities | According to the first estimate of the data, released yesterday by Eurostat, the Eurozone economy generated a trade surplus in goods with the rest of the world of €16.4bn in November, compared to a surplus of €18.2bn generated in the same month in 2023 and up from €8.6bn in October. The FactSet consensus of analysts expected a lower reading of €9.0 billion. Eurozone exports of goods to…


NH Hotels

Minor Hotels (formerly NH) plans to increase hotel portfolio by 15% by 2025 and expand into UK, France and Nordic countries

Alphavalue / Divacons | The hotel chain expects to close 2024 with a revenue increase of close to 10% and an increase in recurring EBITDA of between 15% and 20%. This was announced yesterday by its new CEO, Gonzalo Aguilar. At a meeting with the press in Madrid, the executive stressed that the company is moving towards an “Asset light” model, based on management and franchising, balanced with ownership, with…


airbus A320

Airbus 2024 deliveries reach 766, practically meeting target of 770

Banc Sabadell: Airbus published last week that it delivered 123 aircraft during the month of December (versus 84 in November ’24 and 112 in December ’23), bringing total deliveries in 2024 to 766 (versus 735 in 2023, up 4%), practically meeting the target of delivering 770 aircraft this year (the company considers plus/minus 20 aircraft to be within the guidance range). In addition, a total of 99 new orders and…