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Tecnicas Reunidas SA (TRE.MC)

TRE.MC on Madrid SE C.A.T.S.

25.19EUR
20 Jul 2018
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Latest Key Developments (Source: Significant Developments)

Tecnicas Reunidas Says Reaching 4 Pct EBIT Margin In 2019 Is Possible
Monday, 14 May 2018 08:17am EDT 

May 14 (Reuters) - Tecnicas Reunidas SA on conference call::SAYS EBIT MARGIN TO STAND AT LOW END OF GUIDANCE RANGE FOR 2018.REACHING 4 PERCENT MARGIN IN 2019 IS POSSIBLE.  Full Article

Tecnicas Reunidas FY EBITDA Down 42 Pct At 122 Mln Euros
Tuesday, 27 Feb 2018 02:33am EST 

Feb 27 (Reuters) - Tecnicas Reunidas ::FY EBITDA 121.9 MILLION EUROS VERSUS 211.0 MILLION EUROS YEAR AGO.FY NET PROFIT AFTER DISCONTINUED OPERATIONS 59.0 MILLION EUROS VERSUS 129.2 MILLION EUROS YEAR AGO.FY NET SALES 5.07 BILLION EUROS VERSUS 4.79 BILLION EUROS YEAR AGO.FY NET PROFIT FROM CONTINUING OPERATIONS 64.0 MILLION EUROS VERSUS 140.2 MILLION EUROS YEAR AGO.FY ORDER INTAKE OF 4.6 BILLION EUROS.SEES FY 2018 SALES OF 4.30 BILLION EUROS - 4.60 BILLION EUROS.2018 YEAR TO DATE ORDER INTAKE OF 1.12 BILLION EUROS.SEES FY 2018 EBIT MARGIN OF 1.5 PCT - 2.5 PCT, WITH A PROGRESSIVE IMPROVEMENT DURING THE YEAR.  Full Article

Tecnicas Reunidas Wins Deal In Azerbaijan Worth $800 Mln‍​
Wednesday, 20 Dec 2017 01:58am EST 

Dec 20 (Reuters) - Tecnicas Reunidas ::STATE OIL COMPANY OF AZERBAIJAN REPUBLIC (SOCAR) AWARDS TECNICAS NEW PROJECT AT HEYDAR ALIYEV OIL REFINERY IN BAKU, AZERBAIJAN WORTH $800 MLN‍​.THE PROJECT WILL BE COMPLETED IN 38 MONTHS.  Full Article

Tecnicas Reunidas: no changes to dividend policy after profit warning‍​
Friday, 10 Nov 2017 04:13am EST 

Nov 10 (Reuters) - TECNICAS REUNIDAS SA ::SAYS DOES NOT EXPECT TO CHANGE DIVIDEND POLICY AFTER PROFIT WARNING‍​.SEES EBIT MARGIN BACK TO 4 PERCENT IN 2019 - CEO.  Full Article

Tecnicas Reunidas to intensify efficiency measures to boost profitability‍​
Friday, 10 Nov 2017 03:41am EST 

Nov 10 (Reuters) - TECNICAS REUNIDAS SA ::SAYS TO INTENSIFY EFFICIENCY MEASURES TO ENHANCE PROFITABILITY.  Full Article

Tecnicas Reunidas 9-month EBITDA down 32 pct at 104.7 mln euros
Friday, 10 Nov 2017 01:33am EST 

Nov 10 (Reuters) - TECNICAS REUNIDAS SA ::9-MONTH NET PROFIT 55.7 MILLION EUROS VERSUS 101.3 MILLION EUROS YEAR AGO.9-MONTH EBITDA 104.7 MILLION EUROS VERSUS 154.1 MILLION EUROS YEAR AGO.‍​9-MONTH NET SALES 3.88 BILLION EUROS VERSUS 3.44 BILLION EUROS YEAR AGO.BACKLOG 8.52 BILLION EUROS AT END-SEPT. 2017, DOWN 16 PERCENT VERSUS END-SEPT. 2016.9-MONTH ORDER INTAKE AT 2.0 BILLION EUROS.SEES FY 2017 SALES BETWEEN 4.9 BILLION EUROS AND 5.0 BILLION EUROS.SEES FY 2017 EBIT MARGIN OF 2 PERCENT‍​.SEES FY18 SALES BETWEEN 4.30 BILLION EUROS AND 4.60 BILLION EUROS IMPACTED BY DELAY IN START IN MAJOR PROJECTS.SEES FY18 EBIT MARGIN BETWEEN 1.5 PERCENT AND 2.5 PERCENT WITH PROGRESSIVE IMPROVEMENT DURING THE YEAR.  Full Article

Tecnicas Reunidas in JV wins $2.75 bln contract in Oman
Friday, 4 Aug 2017 10:00am EDT 

Aug 4 (Reuters) - TECNICAS REUNIDAS ::SAYS HAS BEEN SELECTED BY DUQM REFINERY AND PETROCHEMICAL INDUSTRIES COMPANY (DRPIC) TO EXECUTE PROJECT OF PROCESS UNITS FOR THE NEW REFINERY OF DUQM IN OMAN‍​.SAYS CONTRACT HAS BEEN AWARDED TO THE JOINT VENTURE (JV) OF TECNICAS REUNIDAS AND DAEWOO ENGINEERING AND CONSTRUCTION (SOUTH KOREA) FOR ABOUT $2.75 BILLION.SAYS THE COMPANY IS MAJORITY PARTNER OF THE JV WITH PARTICIPATION OF 65 PCT.  Full Article

Tecnicas Reunidas expects to recover portfolio levels from beginning of year
Friday, 28 Jul 2017 08:00am EDT 

July 28 (Reuters) - TECNICAS REUNIDAS SA ::CEO SAYS EXPECTS PORTFOLIO AT THE END OF THE YEAR TO REACH LEVEL THAT IT HAD AT THE BEGINNING OF THE YEAR.CEO SAYS DROP IN CASH RESPONDS TO CONTRACT MANAGEMENT, CUSTOMERS CONTINUE TO PAY AND "PAY WELL".CEO SAYS CASH POSITION DOES NOT AFFECT GROUP DIVIDEND POLICY.  Full Article

Tecnicas Reunidas sees complex business environment, customers' cash constraints
Friday, 28 Jul 2017 06:29am EDT 

July 28 (Reuters) - TECNICAS REUNIDAS ::SEES COMPLEX AND COMPETITIVE BUSINESS ENVIRONMENT, CUSTOMERS’ CASH CONSTRAINTS.SAYS SOLID LONG TERM INVESTMENT DRIVERS: INCREASE OF DEMAND IN CLEAN FUELS AND NATURAL GAS.‍​.  Full Article

‍​ Tecnicas Reunidas H1 Ebitda up 14 pct at 117 mln euros YoY
Friday, 28 Jul 2017 02:05am EDT 

July 28 (Reuters) - TECNICAS REUNIDAS SA ::‍H1 NET SALES 2.63 BILLION EUROS VERSUS 2.30 BILLION EUROS YEAR AGO.H1 NET PROFIT 57.1 MILLION EUROS VERSUS 65.7 MILLION EUROS YEAR AGO.ORDER INTAKE IN Q2 AT 0.4 BILLION EUROS.H1 EBITDA 117 MILLION EUROS, UP 14 PERCENT VERSUS YEAR AGO.BACKLOG 8.26 BILLION EUROS AT END-JUNE VERSUS 10.65 BILLION EUROS AT END-JUNE 2016.  Full Article

UPDATE 1-Spain's Tecnicas Reunidas sees 2018 profit margin at low end of guidance

May 14 Spanish oil and gas engineering company Tecnicas Reunidas now expects its 2018 profit margin will be at the lower end of its official guidance due to project delays and cancellations, its CEO said.