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Bayer AG: up 0.43% Tuesday.
Bayer is a global enterprise with core competencies in the fields of health care, agriculture and high-tech polymer materials. Based in Leverkusen, Germany, the Bayer Group Bayer recently announced that it will increase its research and development investment to over €4 billion in 2015, whilst efforts are being made to achieve strong sales and earnings growth for its Life Science businesses in the coming years. “We are also optimistic for the medium term and have great plans for the Life Science businesses,” said CEO Dr. Marijn Dekkers on Wednesday at the “Meet Management” investor conference in Berlin. Bayer seeks to considerably increase sales and margins at HealthCare, in particular, through 2017, driven mainly by the recently launched products in Pharmaceuticals and by the Consumer Care business, which was greatly strengthened last year through acquisitions.
Faurecia: up 1.33% on Tuesday.
Based in France and with 320 sites including 30 R&D centers in 34 countries around the world, Faurecia is a global leader in its four areas of business: automotive seating, interior systems, automotive exteriors and emissions control technologies. Faurecia is the world’s number one supplier of seat frames and mechanisms, emissions control technologies and vehicle interiors. The Group is also the world’s third-largest supplier of complete seat systems and is Europe’s leading name in automotive exteriors. Faurecia’s consolidated sales for fiscal 2014 stood at €18,828.9 million versus 18.028.6 in 2013 and the company shows a steady growth pattern since 2009.
Grifols: up 5.8% in March
Grifols, based in Spain, is a global healthcare company that produces protein therapies for patients and provides hospitals, pharmacies and healthcare professionals with the tools they need to deliver expert medical care. The three primary divisions - Bioscience, Diagnostic and Hospital – develop, produce and market innovative products and services to medical professionals in more than 90 countries around the world. Grifols achieved a record net profit of 470.3 million euros with growth of 36.1% in 2014.
REE (Red Electrica Corp): down 0.69% on Monday
Red Electrica Corp is the sole transmission agent and operator of the Spanish electricity system; a system that is being increasingly utilized. The electricity consumption of large and medium-sized companies grew 1.5% in February compared with the same month the previous year, according to data from the Red Eléctrica Index, which impacted along with one off events, to the increase in REE profit for the year totaling €717.8 million. One-off events include the agreement reached with the Plurinational State of Bolivia on TDE compensation, the acquisition of rights to use and manage ADIF's fibre optic network, and the impact of tax reform (Law 27/2014). Stripping out these effects, net profit grew 5.4 %, mainly due to new assets commissioned and improvements in financial and operational efficiency, exceeding the target set for 2014. The Group's investments rose to €957.6 million and the dividend for 2014 that will be proposed to the General Meeting of Shareholders will be €3 per share, a year-on-year increase of 18%.
Banco Sabadell: up 1.17% on Tuesday.
Banco Sabadell is Spain’s fourth largest private banking group, which is comprised of different banks, brands, subsidiaries and part-owned companies covering all areas of the financial business sector. On 19 March, The Banco Sabadell Board of Directors unanimously approved a takeover bid being made for all of the shares of TSB Banking Group plc. Sabadell agreed to acquire a 9.99% interest in TSB from Lloyds Bank plc (Lloyds), and Lloyds entered into an irrevocable undertaking to accept the Offer in respect of its entire remaining 40.01% shareholding in TSB. To fund the purchase Sabadell plans to sell €1.6 billion of new shares. Total assets of Banco Sabadell amount to €163,345.7 million with a net profit of €371.7 million.
INDRA SISTEMAS: down 0.93% Tuesday
Indra is the leading consulting and technology multinational in Spain and Latin America. It provides solutions and services for the Transport and Traffic, Energy and Industry, Public Administration and Healthcare, Financial Services, Security and Defence and Telecom and Media sectors. In January, Arriyad Development Authority (ADA), the company responsible for modernizing Riyadh's infrastructures, chose Indra's bid at the end of an international public tender involving 10 leading multinational companies. This has been the ticketing contract with the most bids to date; it must be completed in 54 months, and it includes maintenance and technological assistance for 10 years. Based in Madrid Spain, Indra reported 3 billion euros in revenues for 2014, employing 43,000 professionals in 149 countries with €195m research & development investment budget.
ABENGOA: up 0.2% Tuesday.
Abengoa, S.A. is a Spanish multinational corporation, which includes companies in the domains of energy, telecommunications, transportation, and the environment. With its main divisions in engineering and clean energy, Abengoa announced on 27 February that it had issued a $279 million bond exchangeable into shares of one of its subsidiaries, with a 5.125% coupon. Current financial figures for Abengoa stand at €7,356m sales, €1,365m EBITDA, €101m net income, with 84% of revenues coming from outside of Spain.
Sacyr: up 0.43% Tuesday.
Sacyr Vallehermoso, S.A. is a leading Spanish construction company based in Madrid. It is publicly traded and is part of the IBEX 35 market value-weighted stock market index. On Monday it was announced that Sacyr has embarked on an offensive to get the lucrative contracts of several highways on both sides of the Atlantic. The Spanish construction company has been chosen as a finalist for two Italian infrastructure projects totaling nearly 3,400 million euros. In Colombia, the company prequalified in five projects where construction will start in April. It also has its sights on Chile. Ecotrader analysts predict that Sacyr has potential to climb to €4.5 from present value of €3.98.
POPULARE SP: up 0.01% Tuesday
Banco Popular Español, S.A. is the fourth largest banking group in Spain and the leader of market share in SME financing, providing €31,000m in 2014 and an increase of 18% in new production of SMEs and self-employed. Net profit reached €330m in 2014, a 31.4% increase versus 2013, in line with budget on total revenues of €3,706m. Shares currently stand at €4.39 with the 52 week high at €5.95. Currently the Reuters analyst consensus is to sell.
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