The greats of the IBEX present accounts with a view in Ukraine and inflation By EFE

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Las grandes del IBEX presentan cuentas con la vista en Ucrania y la inflación


©Reuters. The greats of the IBEX present accounts with a view on Ukraine and inflation

Madrid, Apr 24 (.).- The companies in the sector finalize their preparations for what will be one of their most outstanding weeks of the season, in which the results of the first quarter of a year that began with optimism will be known thanks to the record profits of 58,543 million euros amassed in 2021.

Almost four months later, it is now the turn of listed companies to reveal their business figures from January to March, a period marked by the war in Ukraine and the “rally” in inflation, located at 9.8% year-on-year, the highest rate since May 1985, largely due to rising electricity, fuel and food prices.

Although the bulk will be known in the coming days, Bankinter (BME:) has come forward and last Thursday it already published the results of a quarter in which it earned 154 million euros, 4% more than a year earlier, driven by income from its commercial activity.

This evolution allowed the entity to compensate for the absence in its accounts of the insurer Línea Directa, which alone obtained a net profit of 24.2 million, 18.3% less than a year before, due to inflation and the increase in accidents at pre-covid levels.

ENAGÁS AND SANTANDER, THE NEXT TO PRESENT

According to the planned calendar, the next to present its numbers will be Enagás (BME:), which is facing a new stage in management with the arrival of Arturo Gonzalo as the sole executive of the company, in which Antonio Llardén will continue as president in his , more than likely, last term.

The technical manager of the gas system will reveal his accounts next Tuesday, a day for which the results of the Santander Bank (BME:).

At its last Shareholders’ Meeting, held on April 1, the president of the banking group, Ana Botín, showed her confidence in the entity, with a view to meeting its financial objectives, despite the uncertainty caused by the war in Ukraine and the coronavirus health crisis.

MORE BANKING AND ENERGY

A day later, on Wednesday, he will take over Iberdrola (BME:), in the middle of a debate about the proposals of the European Union and the measures adopted by the Government to control the escalation of prices in the wholesale electricity market, which closed March with a record average: 283.3 euros the megawatt hour (€/MWh).

analysts of Barclay’s (LON:) predict profits of 1,027 million, in line with those registered in the same period last year, and a growth in EBITDA or gross operating profit of 3%.

Investors will also be aware of Red Eléctrica (BME:) on April 27, as well as Aena (BME:), which for the third year will not pay a dividend as a result of the losses it registers due to the drop in airline activity due to the pandemic.

On Thursday it will be the turn of Repsol (BME:), which has already managed to return to pre-covid levels in 2021, when it earned 2,499 million compared to losses of 3,289 million the previous year, in the midst of rising fuel and gas prices.

It will be followed, among others, by Naturgy (BME:), Banco Sabadell (BME:), CIE Automotive (BME:), PharmaMar (BME:), and Mapfre (BME:), whose president, Antonio Huertas, has urged in recent weeks to put an end as soon as possible to the “terrible war” that has triggered the “unjustified” invasion of Ukraine by Russia.

All in all, the effects on its business will be limited, since the insurer has rethought its model, leaving non-strategic markets such as Indonesia, to focus on the “core” or main ones: Spain, Brazil and the United States.

On Friday the figures will arrive from BBVA (BME:), which faces the current environment of uncertainty from a position of strength, according to its president, Carlos Torres, an advocate that the economic recovery continue in 2022 even if growth is reduced and inflation increases. .

That precise day CaixaBank (BME:) will submit its results to the National Securities Market Commission (CNMV), as will Indra (BME:), which will do so just a week after the head of the Minsait division, Cristina Ruiz, one of the two CEOs that the company had, resigned from his position.

The following week, marked by the holiday of May 2 in the Community of Madrid, the round of accounts will continue, with the presentation by Grifols (BME:), ArcelorMittal (BME:), Ferrovial (BME:), Siemens-Gamesa, Amadeus (BME:) and IAG (BME:), while others, such as Endesa (BME:), Telefónica (BME:), Acciona (BME:) and ACS (BME:), will publish theirs from May 9 to 13.

(File resources at fototeca.com: Cód.14284585 and others)

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