Norbolsa | The company posted a net profit of €1.668 billion (+6% year-on-year) and EBITDA of €4.214 billion in 9M25, in line with record levels and with the target of exceeding €2 billion at year-end. The company maintains a solid financial profile (DN/EBITDA <2.5x) and a minimum total dividend of €1.70/share within the 2025–27 plan. Among the most notable milestones of the period, the free float increased to 18.8% from…
Santander posts record nine-month results, with earnings per share up 16% and growing seven million customers to 178 million. Revenue was stable (€46.3 billion), with the bank achieving record net fee income (up 4% year-on-year). Operating expenses fell by 1%. As a result, the efficiency ratio improved to 41.3%. Loan-loss provisions fell 1% with improved cost of risk at 1.13% (-5 basis points). Non-performing loan ratio of 2.92%, improving 14…
CdM | Contributory pensions (retirement, widowhood, permanent disability, orphanhood and family benefits) rose by 6% in October to €13.6758 billion, according to data released by the Ministry of Inclusion, Social Security and Migration. In the eighth month of the year, Social Security paid a total of 10,397,372 pensions to 9,405,352 million people. Almost three-quarters of these were retirement pensions, representing more than 73% of the total (€9,999.2 million, up 6.01%)….
Bankinter | Beats earnings and revises full-year guidance upward. The networks division drives growth for the group. Key figures compared to consensus: Adjusted EBITDA (x capital gains from asset sales and provisions) €12.438 billion (up 7.7%) versus €12.117 billion estimated., Adjusted BNA: €5.116 billion (up 16.6%) versus €4.932 billion estimated. Revises upward its guidance for the year, from high single-digit net profit growth to double-digit growth, exceeding €6.6 billion. Bankinter…
Carles Puigdemont, the separatist leader of Junts – whose seven votes in Congress allowed for the investiture of Pedro Sánchez as president – announced yesterday that he considers the agreement, by which Junts per Catalunya’s deputies facilitated Pedro Sánchez’s investiture, to be broken and that he is moving into opposition. Puigdemont believes that Sánchez and the PSOE have repeatedly breached the commitments made and that there is therefore a lack…
The Ibex 35, the Spanish stock market’s benchmark index, closed yesterday’s session at 16,000.2 points, following a 0.87% rise during the day, which marks a new historical maximum. So far this year, the Ibex 35 has risen by more than 37%, largely driven by the strong performance of banks, which account for 36% of the index. The Ibex thus manages to surpass its previous all-time stock market high (15,945 points)…
The electric utility companies that own the Almaraz nuclear power plant—Iberdrola, Endesa, and Naturgy—have sent a letter to the Ministry for Ecological Transition asking to extend the operational life of the Extremadura facility beyond 2027, until 2030. Sources from Ecological Transition affirm that they have received the missive, though they clarify that the three companies merely convey their “willingness” to extend Almaraz’s closure schedule, but they do not notify or…
Link Securities | The Property Rights Transfer Statistics (ETDP) report, released by the National Statistics Institute (INE), shows that in August, home sales fell by 3.4% year-on-year to 47,697 units. In August, 93.4% of homes transferred by sale were private and 6.6% were subsidised. Year-on-year, the number of private homes transferred by sale fell by 2.6% and subsidised homes by 12.6%. In addition, 21.2% of homes transferred by sale in…
In August, Spanish exports fell by 9.3% year-on-year to €24.4 billion, the lowest figure in four years. Sales abroad were primarily dragged down by the reduction in shipments of energy products (-29.3%); automotive products (-21.8%); non-chemical semi-manufactures (-14.7%); and raw materials (-15.3%). Among key partners, exports decreased to the European Union (EU; -11.3%), the US (-30.5%), and China (-19.9%), but increased to the United Kingdom (+4.5%). Meanwhile, imports fell by…
The Spanish Association of Automobile and Truck Manufacturers (Anfac) reports that vehicle production in Spain grew by 8.8% year-on-year in September, reaching 223,468 units. This specific increase is due to the low production recorded in September 2024, caused by the adaptation of some factory production lines to accommodate new electric models, which led to production falling below usual levels that month. In the accumulated figure through September (9M2025), vehicle production…