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UPDATE 1-Spanish stocks - Factors to watch on May 9

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds Sacyr entry) May 9 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:


SACYR The company reported a Q1 net profit of 30.6 million euros vs 20.3 million euros a year ago. ENDESA Spanish power group Endesa on Tuesday posted a 76% year-on-year increase in first-quarter net profit as lower gas prices helped offset the impact of Spain's windfall tax. AMADEUS Spanish travel booking group Amadeus on Tuesday posted a nearly 200% jump in first-quarter adjusted net profit that beat analysts' estimates but fell short of pre-pandemic levels, as air traffic improved globally. GRIFOLS Grifols on Tuesday reported a 19% rise in first-quarter core earnings to 299 million euros ($329.1 million) as revenues grew 23%, but the company still swung to a net loss of 108 million euros due to its cost-cutting plans. APPLUS Applus reported Q1 operating profit at 47.9 million euros. SACYR The company said on Monday it would propose two capital increases to be charged to profits or reserves (scrip dividend). AENA Jefferies raises to "buy" from "hold"; raises target price to EUR 175 from EUR 160. IAG Peel Hunt raises to "buy" from "hold"; raises target price to 175p from 165p. For today's European market outlook double click on .


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