Befesa, a high quality business with stable margins of over 20%

Intermoney: A world leader in a sector without competition, with high barriers to entry, with great capacity for price pass-through and benefiting from the global objectives of decarbonisation and transition to electric vehicles. II. Margins > 20%, which have remained stable, demonstrating its strength in the face of fluctuations in the economic cycle and good profitability (ROCE >15%); III. Low costs (they charge for their raw material) and sustainable indebtedness…

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Técnicas Reunidas closes in on 2023 contracting target with award of €520m project for QatarEnergy

Renta 4| The company has informed the CNMV that QatarEnergy has awarded it the additional engineering, procurement and construction (EPX) works for the off-plot Liquefied Natural Gas (LNG) facilities of the North Field South project. The contract is worth $560 million (€520 million), the fourth contract awarded by QatarEnergy to Técnicas Reunidas in the last 24 months. Assessment: Positive impact on the share price given the amount of the contract,…