OHLA jumps after swinging to Q1 profit

Obrascon Huarte Lain SA

25/05/2026 10:02

** Shares of OHLA OHLA.MC rise nearly 14% after the Spanish construction group swings to profit in the first quarter

** Q1 net profit was €7.8 million, versus a loss of €21.8 million a year earlier, driven by a solid backlog, structural cost savings and the absence of extraordinary financial expenses linked to the 2025 recapitalisation

** Bestinver expects OHLA to maintain its 2026 guidance of revenues above €4.1 billion and EBITDA above €215 million

** It says deleveraging will be key for the share price to fully reflect its underlying business potential

** It 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

** Shares are on track for their best day since December 2024, bringing year-to-date gains to over 33%

 (Reporting by Marta Serafinko in Gdansk)

 ((marta.serafinko@thomsonreuters.com))