Expand / The devaluation of Latin American currencies and the pound after Brexit, with extraordinary minor damage accounts Telefonica, Repsol, Santander and BBVA, among others.
Large companies of the Spanish stock market closed the first half of the year with a total net profit of 16,985 million euros, representing a fall of 12.5%. The decline in profits is due largely to the negative impact of foreign exchange and the extraordinary minor positive over the same period of 2015, factors have taken their toll on the accounts of many companies in the Ibex.
Nevertheless, in the absence of knowing Merlin data and Inditex, the descent of the result has been slowing in recent months. The star parquet companies won 24% less at the end of 2015 -when which broke a trend of almost two years of uninterrupted increase in the results of Ibex and in the first quarter of 2016, down 16.6% .
the Ibex firms have a strong presence in Latin America, where the Brazilian real (key market for Telefonica and Santander) and other currencies in the region have depreciated against the euro. Something similar has happened in Britain, whose currency has depreciated by Brexit. This factor, coupled with the presence of positive (or more negative atypical) Extraordinary children, has hurt, especially Telefonica, Santander, BBVA and Repsol, with falls of results between 31% and 40%.
the worst evolution of these four companies, together accounting for almost 40% of the profits Ibex in the first half of 2016 (6.623 million compared to 10,215 million for the same period last year), has weighed down the numbers global.
Abertis Another element that has played against is the profit decline 70% by Abertis juicy capital gains obtained in 2015 with the IPO Cellnex. However, the gross operating profit (EBITDA), which excludes non-recurring items rose by 10.4% Abertis.
Iberdrola and Endesa, which are among the five companies in the Ibex most won until June, also they reduced the result by atypical. Excluding these factors, Iberdrola would have increased profit by 13% and Endesa, 7.9%.
On the other hand, some companies like Acciona and Bankinter boosted their accounts precisely thanks to the elements nonrecurring, although there are few cases. Actuates sixfold to 592 million, thanks to gains from the merger of its subsidiary turbines with German Nordex and Bankinter gained 45% after incorporating the business of Portugal acquired Barclays.
positive evolution Other firms such as Gamesa, IAG, Aena, Mediaset, Amadeus, Cellnex and Mapfre reflect a good performance of its core business, with significant increases in profits. The biggest demand boosted Gamesa wind; IAG was favored by improved British Airways and Iberia and the reduction in fuel prices; Aena and it improved by the increase in air traffic, but also scored remarkable by the reversal of provisions related to the expropriation of land. Mediaset squeezed higher advertising revenue and significantly improved its business Mapfre in Spain.
also positive news is that Arcelor, Indra and FCC have abandoned the losses and all the Ibex is positive. The steel benefited from increased prices, increased demand and a positive extraordinary in the US; Indra won 31 million after undertaking extensive restructuring; and FCC, which since July 18 is no longer in the Ibex returned to the black after debt relief its subsidiary Realia
SPAIN. The Ibex companies earn 12.5% less for currencies and atypical
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http://entornointeligente.com/articulo/8743635/ESPANA-Las-empresas-del-Ibex-ganan-un-125-menos-por-las-divisas-y-los-atipicos
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