off-the-wire

Spanish stocks - Factors to watch on March 1

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 1 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:


CELLNEX Europe's largest mobile phone tower operator Cellnex on Wednesday reported a net loss of 297 million euros ($314.49 million) for 2022, lower than in the prior year, while it achieved its forecast as core earnings grew 37% to 2.6 billion euros. MELIA Spanish hotel chain Melia is considering selling some assets in the Caribbean to reduce its debt by between 120 million and 200 million euros ($127 million-$212 million), its CEO Gabriel Escarrer Jaume said on Tuesday. FERROVIAL Spain' Ferrovial announced a plan for a reverse merger on Tuesday whereby its wholly-owned Dutch subsidiary Ferrovial International SE (FISE) will absorb the engineering company and seek listing in Spain, the Netherlands and the United States. The company said on Tuesday the boards of directors of Ferrovial and Ferrovial International SE had approved the common draft terms of the reverse merger. Separately, the company reported a FY net profit of 185.7 million euros versus 1.20 billion euros a year ago. INDRA The company reported on Tuesday FY net profit of 172 million euros versus 143 million euros a year ago and said it expected revenue in constant currency above 4 billion euros in 2023. ACERINOX The company reported a FY net profit of 556 million euros versus 572 million euros a year ago and said it expected EBITDA in Q1 2023 to be better than in Q4 2022. INMOBILIARIA COLONIAL The company reported on Tuesday FY net profit of 8 million euros versus 474 million euros year ago. TALGO The company reported a FY net profit of 1.4 million euros versus 27.5 million euros one year ago. VISCOFAN The company posted on Tuesday a FY net profit of 139.4 million euros versus 133.0 million euros a year ago. PRISA The company reported FY net loss 12.9 million euros versus loss 106.5 million euros year ago and said it expected 2023 revenue above 900 million euros, and 2023 adjusted EBITDA margin of 17-18%. PHARMA MAR The company posted a FY net profit of 49.4 million euros versus 92.9 million euros a year ago. AMREST The company posted a FY net profit of 1.4 million euros versus 32.9 million euros a year ago. VIDRALA Vidrala reported on Tuesday a FY net profit of 153.7 million euros versus 145.2 million euros a year ago. For today's European market outlook double click on .


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