Tecnicas Reunidas, SA

TRE

Equity

ISIN ES0178165017 / Valor 2598963

BME Bolsas y Mercados Espanoles - Renta Variable (2024-12-24)

EUR 10.94+0.18%

Tecnicas Reunidas, SA
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About company

Técnicas Reunidas, S.A. is a Spanish engineering and construction company with over six decades of experience in the industry. The company specializes in the design and management of industrial plant construction, having successfully completed more than 1,000 projects across over 50 countries. Its clientele includes numerous leading international energy companies, reflecting its strong presence in the global energy sector. Técnicas Reunidas offers a range of services including engineering, procurement, and construction (EPC) for various types of industrial facilities, particularly in the oil and gas, petrochemical, and power generation sectors. The company's extensive track record and global reach underscore its expertise and reliability in delivering complex industrial projects.

Summarized from source with an LLMView SourceSector: Industrials

Q1 2024 Revenue Overview

Tecnicas Reunidas, SA reported a significant recovery in its operations with total sales reaching €1,003 million in Q1 2024, marking a 13% increase compared to Q4 2023. This improvement reflects the company's robust performance across its various divisions, particularly in natural gas and refining.

Q1 2024 EBIT and Profitability

For Q1 2024, Tecnicas Reunidas, SA achieved an EBIT (Earnings Before Interest and Taxes) of €40.2 million, which translates to an EBIT margin of 4.0%. This represents an improvement from the 3.5% EBIT margin reported in Q1 2023, indicating a steady recovery in the company's operational efficiency and profitability.

Q1 2024 Net Profit and Cash Position

The net profit for Tecnicas Reunidas, SA in Q1 2024 was reported at €20.4 million. Additionally, the company strengthened its financial stability with a net cash position of €333 million at the end of March 2024, a significant increase from €142 million at the end of March 2023.

Q1 2024 Backlog and Order Intake

The backlog of Tecnicas Reunidas, SA remained robust at €10.6 billion as of the end of Q1 2024, with new orders primarily related to engineering services contracts. This backlog ensures a solid base for future revenue and reflects the company's strong market position.

2024 Outlook and Guidance

Looking ahead to the rest of 2024, Tecnicas Reunidas, SA anticipates sales to be in the range of €4.5 billion and aims to maintain an EBIT margin of 4%. These projections underscore the company's positive outlook and strategic plans to sustain growth and profitability throughout the year.

Summarized from source with an LLMView Source

Key figures

27.9%1Y

47.6%3Y

-50.1%5Y

Performance

39.8%1Y

44.4%3Y

48.4%5Y

Volatility