Companies listed on the Colombian Stock Exchange (BVC) begin to deliver the financial results for the second quarter of 2022. Why will the Colombian Stock Exchange (BVC) be reborn with Gustavo Petro?
During the second quarter, double-digit annual growth would have been seen rarely in the country’s history. The most recent figures from the NowCast Bancolombia index revealed that in the second quarter of 2022 the productive activity would have achieved an annual growth of 12.3%, a figure that registers an increase of 1.3 pp compared to the estimate of the previous month and much higher to the average of analysts.
The commerce, industry, communications, financial and real estate sectors showed better dynamics during 2Q22. However, their annual growth rates are lower than those observed in 2Q21. In the rest of the activities we show stabilization, and the mining sector is the only one in contractionary territory.
“In summary, we estimate that eleven companies would have positive results, four neutral and two negative. Companies in the oil and gas sector would maintain their positive results. In our expectation for 2Q22 Ecopetrol will double the revenues, EBITDA and Net Income presented in the same period of 2021, given good operating results with a production around 700 kboed and a significant increase in Brent and TRM “affirms Grupo Bancolombia.
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Additionally, Terpel will present good results given that the dynamics of fuel sales in Colombia continued and the annual variations will be significantly positive in view of the mobility problems that were observed in 2Q21 due to the national strike. Finally, positive results are expected at Canacol due to a slight improvement in sales volumes and an expectation of an increase in realization prices.
For 2Q22 we will continue to see a favorable dynamic in the results of banks, in line with what was observed until 1Q22, reflected in a greater demand for credit, provisions that remain controlled and stable margins.
Canacol, Celsia, Ecopetrol, GEB, Terpel, El Cóndor, Nutresa, Banco de Bogotá, Davivienda, BAC would have a good performance for the second quarter.
Enka, ETB, ISA, TGI would have neutral results. While Cemargos and Promigas will have negative results.
Grupo Éxito has already presented results where it did very well and from August 1, 2022, the calendar of financial results will begin with ISA until possibly ending on August 31 with ETB.
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