Shares of OHLA jumped nearly 13.6% on Monday after the Spanish construction group returned to profit in the first quarter, Bond.az reports.
The company posted a net profit of €7.8 million for the three months ended March, compared with a loss of €21.8 million in the same period last year. The turnaround was driven by a solid backlog, structural cost savings, and the absence of extraordinary financial expenses linked to the 2025 recapitalization.
Bestinver expects OHLA to maintain its 2026 guidance of revenues above €4.1 billion and EBITDA above €215 million.
The firm said deleveraging will be key for the share price to fully reflect its underlying business potential. Bestinver also expects OHLA to pursue selective asset divestments as part of its debt management strategy and sees strong incentives for a partial bond redemption after August 2026.
