Acciona, BBVA, FCC, OHL, Repsol, Sacyr: Iberia Equity Preview
The following companies may have unusual price changes in Spanish trading. Stock symbols are in parentheses and share prices are from the previous close.
Spain’s IBEX 35 rose 1.6 percent to 10,822.7.
Acciona SA (ANA SM): The renewable energy developer said 2010 net income fell to 167.2 million euros ($230 million) from 1.27 billion euros a year earlier. Sales declined to 6.26 billion euros from 6.52 billion euros, it said in a regulatory filing. The stock rose 55 cents, or 0.8 percent, to 67.85 euros.
Banco Bilbao Vizcaya Argentaria SA (BBVA SM): Spain’s second-largest bank reduced its stake in Repsol YPF SA (REP SM) to 2.1 percent from 3.02 percent, according to regulatory filings. BBVA shares added 21 cents, or 2.4 percent, to 8.97 euros. Repsol shares rose 28 cents, or 1.2 percent, to 24.16 euros.
Cie Automotive SA (CIE SM): The car parts manufacturer said 2010 net income climbed to 41.4 million euros from 11.1 million euros a year earlier. The shares rose 13 cents, or 2.6 percent, to 4.99 euros.
Dinamia Capital Privado Sociedad de Capital Riesgo SA (DIN SM): The venture capital company said its net asset value per share fell to 10.74 euros at the end of 2010, compared with 11.47 euros at the end of September. The shares were unchanged at 8.70 euros.
Fomento de Construcciones y Contratas SA (FCC SM): The Spanish construction and engineering company is scheduled to report full-year earnings. The stock rose 44 cents, or 1.9 percent, to 22.82 euros.
Fersa Energias Renovables SA (FRS SM): The energy company posted a full-year loss of 47.9 million euros compared with profit of 1.2 million euros a year ago. The shares rose 2 cents, or 1.9 percent, to 1.10 euros.
NH Hoteles SA (NHH SM): The Spanish hotelier may sell a stake in or all of Jolly Hotel Lotti, the only hotel it owns in Paris, Expansion reported, without citing anyone. The possible transaction would be part of a plan to sell 300 million euros in assets, the Madrid-based newspaper said. The stock climbed 0.9 percent to 4.44 euros.
Obrascon Huarte Lain SA (OHL SM): The Spanish builder is scheduled to report full-year earnings. The shares rose 27 cents, or 1.2 percent, to 23.81 euros.
Pescanova SA (PVA SM): The fish processer said 2010 net income rose to 36.3 million euros from 32.1 million euros a year earlier. The shares rose 30 cents, or 1.1 percent, to 27.30 euros.
Promotora de Informaciones SA (PRS SM): The publisher of Spanish daily newspaper El Pais is scheduled to report full-year earnings. The shares added 1 cent, or 0.3 percent to 1.99 euros.
Prosegur Cia de Seguridad SA (PSG SM): The security services provider said 2010 net income rose 8.7 percent to 160.8 million euros. Sales increased 17 percent to 2.56 billion euros, the company said in a regulatory filing today. The shares were unchanged at 40.55 euros.
Sol Melia SA (SOL SM): The hotelier is scheduled to report full-year earnings. The shares added 11 cents, or 1.4 percent, to 7.90 euros.
Sacyr Vallehermoso SA (SYV SM): The Spanish builder is scheduled to report full-year earnings after the market closes and hold a conference call with analysts. The shares rose 16 cents, or 2.1 percent, to 8.02 euros.
Telefonica SA (TEF SM): Spain’s biggest phone company was cut to “neutral” from “buy” at Natixis. The shares rose 1.6 percent to 18.28 euros.
Tubos Reunidos SA (TRG SM): The manufacturer of seamless steel pipes is scheduled to report full-year earnings. The shares added 2 cents, or 0.8 percent, to 1.92 euros.
Vidrala SA (VID SM): The Spanish company said 2010 net income rose to 49.6 million euros from 40.9 million euros a year earlier. Sales rose to 406.6 million euros from 383.6 million euros a year earlier, the company said in a regulatory filing. The shares slid 0.3 percent to 21.01 euros.