Tecnicas Reunidas Q2’16 results

Tecnicas Reunidas, leading the bid for Aramco Gas Projects

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

Citi | Tecnicas Reunidas (TRE) reported second quarter 2016 EBIT of €50 million vs consensus of €41 million (+20%), driven by higher revenues. Citi analysts flag that the operating margin of 4% was in-line with the company’s guidance, with the execution progressing as planned on all key projects.