In less than two years, Banco Sabadell emerged from a financial slump, stuck with the acquisition of the bank. TBS British and about to be swallowed by BBVA at bargain prices to catch your breath. The asset he heads after revaluing 73% of its shares in the stock market in 2021. Josep Olíu It’s on track to have best behavior in the Ibex 35 in 2022, up 43.7% through Monday. Its capitalization is close to 5,000 million euros; At the end of 2020, its value was less than 2,000 million. In December of that year, he took over all executive power of the bank. Cesar Gonzalez-Bueno. “Either reduce the workforce by 22% or the Sabadell brand will disappear,” he said at the 2022 Shareholders’ Meeting, adding that in addition to this measure, 25% of the offices would be closed. The group received 709 million benefits in the first nine months of the year and 370 million in the same period of 2021.
October 31, 2007 when fluid Banco Sabadell, which went public with a value of 732 million, owned 20% of the world’s leading swimming pool manufacturer and was valued at 8 billion 500 million euros. In 2021, Fluidra was one of the biggest stars of the Spanish market. It was worth 7,000 million euros. This year, after Ibex had the worst stock market behavior, its capitalization will close at just under 2,800 million. After several years of growth, through organic and accelerated acquisitions and taking advantage of the pandemic, the company has slowed in 2022 with an increase in costs and a decline in net profit in the first nine months. From 221 million to 179 million, net debt increased from 933 million to 1,325 million. “We are very confident in our work to strengthen its position for the long-term success of the group,” he said. Eloi Planeschairman and representative of one of the four founding families at a meeting with analysts.
It is the face and cross of the increase in interest rates in the macroeconomic scenario. While they benefit the banking business, they are hurting the growing industrial or service business in recent years by financing its growth with debt. This increase in cost is hurting one of the companies most admired by investors in recent years: grifolsIts headquarters in Sant Cugat del Vallès is four kilometers from Fluidra and two kilometers from Sabadell.
The blood derivatives producer, with a debt of 9,000 million behind it, has decided to appoint its director as chief executive officer. Steven Mayer and to continue reducing debt, initiate a business reorganization process, which may include the sale of some businesses, 90% of which depend on the international market. “Leveraging is the top priority,” they say at the company. Grifols is worth 4,300 million today on the stock market, which was worth 13,400 at the end of 2019.
On the second row of the podium, positively perched Caixabankorganization controlled by 30% Caixa Foundation and where the State owned 16% when it bought the Catalan financial institution Bankia. group headed by José Ignacio Goirigolzarri another of the banks benefiting from interest rates and banker (+29.3% this year) and Sabadell was less impacted by international trade, which was more heavily impacted Santander Bank (-5.68% on the Stock Exchange to date) and BBVA (+4.55%). With a valuation of 26,600 million on the stock market compared to 33,000 for BBVA 46,600 for Santander, CaixaBank is still far from its historic record prior to the 2008 financial crisis. It joins the stock market podium of the year alongside Sabadell and CaixaBank, reply. The oil company, which wanted to diversify its business beyond crude oil, took advantage of the increase in the price of this raw material. Repsol had two years with stock market valuations of over 30%. Its capitalization is once again close to 20,000 million.
Speculation arose as the mountain goat expected to regain what it had lost during the year in subsequent sessions: What is the hidden value for 2023?