Sign in

    Alejandro (Santander)

    Vice President and Equity Research Analyst at Santander

    Alejandro Garza is a Vice President and Equity Research Analyst at Santander, specializing in Latin American financial and banking sectors. He provides in-depth coverage on major firms such as Banco Bradesco, Itaú Unibanco, Banco do Brasil, and Grupo Financiero Banorte, with a proven track record reflected in an average recommendation success rate of approximately 62% and consistently positive returns for investors. Garza began his analyst career in the early 2010s, previously working at BBVA and Banorte before joining Santander in 2017, where he has become known for actionable insights and rigorous market analysis. He maintains professional credentials including FINRA Series 7 and 63 registrations, and has been recognized for his sector expertise in regional analyst rankings.

    Alejandro (Santander)'s questions to OMV AKTIENGESELLSCHAFT /FI (OMVKY) leadership

    Alejandro (Santander)'s questions to OMV AKTIENGESELLSCHAFT /FI (OMVKY) leadership • Q1 2025

    Question

    An analyst from Santander, identified as Alejandro, asked for details on the weak performance of the ADNOC refining and trading business. He also questioned whether OMV was planning any divestments to offset the increase in leverage resulting from the Borouge Group International transaction.

    Answer

    Martijn van Koten, EVP of Fuels & Feedstock and Chemicals, attributed the ADNOC unit's performance to significantly lower refining margins in the Middle East and Asia and a lower trading result compared to an exceptionally strong prior-year quarter. CFO Reinhard Florey addressed the leverage question, stating that no major divestments are needed as the company's leverage ratio is projected to remain only slightly above 20%, well within its 30% target, even after the transaction.

    Ask Fintool Equity Research AI