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Tecnicas Reunidas Q2 top line results beat consensus; show robust pipeline

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tecnicas reunidas

Posted By: The Corner 2nd August 2016

Tecnicas Reunidas reported second quarter 2016 EBIT of €50 million vs consensus of €41 million (+20%), driven by higher revenues.
Citi analysts flagged that the operating margin of 4% was in-line with the company’s guidance, with the execution progressing as planned on all key projects.
The stabilisation of margins will allow investors to re-focus on Tecnicas Reunidas’  industry leading sales visibility (70% coverage in 2018), Citi added.
The company’s pipeline is also robust and it is positive it will reach its €3 billion intake guidance in 2016, Citi said.

 

 

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.