HBX Group International, a company that debuted in the Spanish Stock Exchange on February 13, has completed six months of price with significant ups and downs in its market value. Since its inception with a price per share of 11 euros, the company has experienced a 28% accumulated drop.
Specifically, the firm’s shares traded at 7.98 euros after 10.50 am this Thursday in the continuous market, after exchanging yesterday at a value of 7.92 euros for each one, which meant a 3.6%rise.
However, the worst price of HBX was reached on April 9, when it stood in 7.48 euros per title Due to the general fear of the tariff commercial policy announced by the president of the United States, Donald Trump.
In addition, on July 30, HBX reduced its annual forecasts after the publication of its results of the first nine months of its fiscal year, in which its income raised 7%, with 501 million euros.
Consequently, the company suffered A 27.42% collapse on the stock market of that daymarking 8.39 euros per title.
In the presentation of results, the firm explained that, after a «solid» start of the year, the business has deteriorated in the third quarter due to the impact of changes in the macroeconomic and geopolitical environment and the impact of the exchange rate of a weaker dollar.
Considering these general market challenges and the measures adopted, the group estimated revenues of between 720 and 740 million euros, compared to the orquit between 740 and 790 million of the previous forecast.
In turn, the high rank of the adjusted Ebitda was reduced by 10 million euros, up to 450 million euros.