Renta 4 | China has decreed the imposition of 19.8% tariffs on pork imports from the European Union. Following an investigation, China has concluded that the EU was exporting pork to China in terms of unfair competition. However, given that Spain has cooperated in the investigation, the tariffs imposed on Spanish pork will only amount to 9.8%. Furthermore, this tariff does not affect Iberian pork. Assessment: This news is negative…

Link Securities | The Board of Directors of Faes Farma (FAE) has approved the payment of a cash dividend on account of the 2025 results of €0.041 gross per share. The cash dividend will be paid in January 2026 and will amount to approximately €12.8 million. The relevant dates for this operation are as follows: Last trading date for shares with dividend rights: 7 January. Date from which shares will…

CdM | Faes Farma (FAES) profits have suffered in the first nine months of 2025. According to the company’s report to the Spanish National Securities Market Commission (CNMV), net profits between January and September amounted to €73.56 million, 7.9% less than the €79.84 million recorded in the same period in 2024. EBITDA stood at £106.5 million until September, down 2.7%. However, this figure was at the high end of the…

Link Securities | In an interview with the newspaper Expansión, the CEO of Faes Farma (FAE), Eduardo Recoder, indicated that the acquisitions of Italy’s Sifi and Portugal’s Edol are strategic and transformational. Faes Farma will now pause its inorganic growth to integrate the two companies, although it will remain open to exploring opportunities. These two companies will contribute €130 million to Faes’ business, which had a turnover of €510 million…