Tecnicas Reunidas contracts

Técnicas Reunidas: Portfolio at Historic High (€10,026 million) but Low Visibility on Margins

Bankinter | Técnicas Reunidas enjoys a record order book and a healthy balance sheet, including a positive net cash balance. However, margins continue to be tight and this is the main source of uncertainty in the medium term. Furthermore, the reduced visibility of the oil and gas price recovery and the low diversification of its business (focused on the Middle East), leads us to increase our caution.


Tecnicas Reunidas, leading the bid for Aramco Gas Projects

Tecnicas Reunidas, Leading The Bid For Aramco Gas Projects

According to market sources, Tecnicas Reunidas has presented the most competitive offer to construct two gas projects tendered by Saudi Aramco. Other companies involved in the bid are Saipem and Samsung E&C. The result could be announced at the beginning of November.