Jefferies | Rovi Laboratories (ROVI), ahead of its CMD (9am UKT), has announced a revenue forecast for FY30E of 1.5-1.8 times FY24 levels, a midpoint of €1.261 billion (up 10% versus estimated JEF €1.144 billion). This growth is driven by the forecast of a two-fold increase in CDMO revenues in 24, to around €700 million in 2030E (up 60% compared to €429 million in 2005). Including the additional €250 million…
Of the 47 strategic projects selected by the European Commission in thirteen of its member states to ensure and diversify access to raw materials in the European Union, seven projects belong to Spain. Four are classified as extraction projects, two are integrated projects involving both extraction and processing, and one is categorized under recycling, in line with the objective of the Critical Raw Materials Act (CRMA) to meet the EU’s…
Elisa Carbonell, CEO of ICEX | The global geopolitical situation has been complex for several years now: with the Covid-19 pandemic, global supply chains were put to the test, and since then, various events of different natures have occurred that are having implications for international trade. Despite this, Spanish merchandise exports have performed well in recent years: Spanish companies have been able to maintain and even increase their global market…
Link Securities | The Board of the National Securities Market Commission (CNMV) agreed to authorise the delisting offer for Corporación Financiera Alba (ALB) submitted by the company itself, Carlos March Delgado and Son Daviú, S.L.U. on 17 January 2025, on the understanding that its terms comply with current regulations and that the content of the explanatory brochure submitted after the latest amendments registered on 13 March 2025 is sufficient. The…
Alphavalue/ Divacons | Expansión comments that Indra is concentrating its signings on defence companies. For his part, the president Ángel Escribano emphasises that they will fulfil the strategic plan ahead of schedule. According to yesterday’s Expansión, the Spanish IT services and consulting company harshly criticised the management of Santa Bárbara by General Dynamics, the US defence giant. The Spanish company started a transatlantic war of words by announcing its intention…
Renta 4 | According to the forecasts included in the 22nd edition of the Real Estate Barometer, prepared by the Union of Real Estate Credits (UCI) and the Spanish International Realty Alliance (SIRA), the price of housing will rise by 10% for sales and 8.6% for rentals in 2025. Transactions, meanwhile, are expected to grow by 4.6%,to 750,000 units. The context of supply-demand imbalance, the fall in interest rates and…
Link Securities | According to data released by the Ministry of Industry, Trade and Tourism, in January Spain’s trade deficit increased to €6.19 billion, compared to €3.73 billion in the same month last year, reaching its highest level since October 2022. In January, exports fell by 1.2%, to €29.78 billion, weighed down by sharp contractions in the automotive sector (21.2%), energy products (15.0%) and capital goods (5.7%). Among the main…
Banco Sabadell | According to the press, the main messages to be drawn from the appearance of Ángel Escribano (President of Indra) last week in the Congress of Deputies are: (i) Regarding the sale of Minsait, he stated that it is not for sale and that work is being done to develop it into a higher value service, (ii) he did not hide the interest in acquiring Santa Bárbara, but…
Sales abroad from the Spanish economy fell by 1.2% year-on-year in January. Imports, on the other hand, grew by 6.2%, resulting in a trade deficit that nearly doubles that recorded in January 2024. As a result of this data, according to the monthly report from ICEX for January 2025, the export-import coverage rate dropped to 82.8%, the lowest for January in the last decade. The increase in imports is mainly…
CdM | The airports in the Aena (AENA) network in Spain closed February with 19,993, 427 passengers, 4% more than in the same month last year, while the group’s airports (comprising 46 airports and two heliports in Spain, London-Luton Airport and 17 airports in Brazil) handled 24,537,134 passengers, 4.4% more. Specifically, according to the data provided by the company, in Spain they managed 178,767 aircraft movements, 6.9% more than in…