In Spain

Arcelor Mittal

Profit in Spain’s industrial sector down 40% in second quarter

The data on gross profit before tax and interest published by the Banco de España in its Central Balance Sheet Data Office have just been published. The slump in the gross economic result of the industrial sector is 40% in the spring year-on-year rate, a fall that aggravates that recorded in the first quarter (-15%). Revenues of non-financial companies fell by 7.1%, while personnel costs rose by 9.6% in 2Q23….

Read More

Shorts and shares on credit, a problem of information

Spanish perfume multinational Puig hires Goldman Sachs and JPMorgan for its IPO

Spanish multinational perfume, fashion and make-up company Puig – owner of brands such as Carolina Herrera, Paco Rabanne, Jean Paul Gaultier and Charlotte Tilbury – has hired the services of Goldman Sachs and JPMorgan as global coordinators for its IPO, according to several market sources consulted by EXPANSIÓN. It is estimated that the valuation of the company, which has accumulated two consecutive years with record revenues and profits, could reach…