Argentinian Market Community

- Sales: 616 billion ARS (Q4 2024) - EBITDA: 159.72 billion ARS (Q4 2024) - Adjusted EBITDA: 145.18 billion ARS (Q4 2024) - Cash Flow from Operations: 108.24 billion ARS (Q4 2024) - Net Cash Position: 792 billion ARS (end of Q4 2024) - Dividend Proposal: Annual dividend of 182.6 ARS per share - Annual Results: - EBITDA: 682 billion ARS - Net Income: 462 billion ARS - Net Sales: 2.75 trillion ARS - Free Cash Flow: 484 billion ARS (2024) Here's the translation of the narrative to Spanish (Argentina): Puntos Positivos Tenaris SA (NYSE:TS) informó un sólido desempeño financiero para 2024, con un EBITDA de $3.1 mil millones y una ganancia neta de $2.1 mil millones sobre ventas netas de $12.5 mil millones. La empresa mantuvo una fuerte posición de efectivo neto de $3.6 mil millones, a pesar de significativos gastos en dividendos, recompras de acciones y inversiones en capital.

Key Takeaways The strategic shift to retail lending and digital transformation aims to improve profitability and expand the loan book efficiently. Sector-specific growth and product expansion may drive revenue, aided by a stable macroeconomic environment supporting lending and net interest margins.

Key Takeaways Economic recovery in Argentina and digital shifts enhance BBVA Argentina's revenue and net margins through increased banking demand and operational efficiency. Strategic focus on market share and asset quality, along with treasury management, stabilizes net interest margins and boosts profitability.

Key Takeaways Expansion of loans and reduction in securities support revenue growth, driving increased net interest income and improved asset utilization. Strategic management of capital and costs, coupled with anticipated lower inflation, bolsters financial stability and profitability.

Key Takeaways Acquisition of HSBC's Argentina operations strengthens market position, enabling future revenue growth and improving net margins through operational efficiencies. Economic stabilization in Argentina could boost loan demand, increasing revenue growth and focusing the balance sheet on higher-yielding assets.

Key Takeaways Diversification into shale oil and renewables is enhancing production, revenue growth, and improving operational margins. Increased reserves and export opportunities bolster long-term earnings, revenue diversification, and optimize net margins.

Key Takeaways Tariff normalization and international funding plans are set to boost revenue, enhance liquidity, and reduce financial expenses. Operational efficiencies and strategic growth focus on infrastructure and renewables aim to improve margins and diversify revenue.

Key Takeaways Strategic focus on Vaca Muerta and midstream expansions aims to boost margins, manage cash flow, and reduce financial leverage. Increased shale oil production and infrastructure developments are expected to drive higher revenue growth through exports and capital reallocation.