Tecnicas Reunidas

Tecnicas Reunidas is a general contractor company based in Spain. Co. engages in the engineering, design, and construction of industrial facilities for refining and petrochemical, oil and gas, power, and infrastructure and industries sectors worldwide. Co. constructs nuclear plants, conventional thermal plants, and renewable energy and cogeneration facilities for power sector; refineries and facilities for petrochemicals; water treatment, desalination, waste management, air, land, and marine transport facilities; and liquefaction, and storage facilities, as well as oil and gas fields and pipelines. Co. also provides engineering, management and operating services for industrial plants.
  • TickerTRE
  • ISINES0178165017
  • ExchangeMadrid Stock Exchange
  • SectorOil Equipment, Services & Distribution
  • CountrySpain

Analysts

Increased risk weighs on TECNICAS REUNIDAS SA, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of TECNICAS REUNIDAS SA (ES), active in the Heavy Construction industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date June 18, 2019, the closing price was EUR 23.74 and its target price was estimated at EUR 20.17.

Alain William ...
  • Baptiste Lebacq
  • Christophe Chaput
  • Fehmi Ben Naamane
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 05/16/2019

...

Alain William ...
  • Baptiste Lebacq
  • Christophe Chaput
  • Fehmi Ben Naamane
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 16/05/2019

...

Baptiste Lebacq

Tecnicas Reunidas : La marge d’EBIT poursuit son redressement sur le T1 : +80 pb YoY

>Publication T1 en dessous des attentes mais une marge d’EBIT qui poursuit son redressement - Le groupe a publié des chiffres au titre du T1 en dessous des attentes. Le CA ressort à 914.5 M€ (-21.2 % YoY, consensus 1 034 M€) compte tenu d’une baisse plus prononcée de la division Power&Water (-63 % à 63.1 M€). La Branche Oil&Gas a mieux résisté avec un repli plus limité de 14.5 % à 829.1 M€. La marge d’EBIT est de 1.2% (EBIT 10.6 M€, consensus 16 M€) confirmant ainsi...

Baptiste Lebacq

Tecnicas Reunidas : EBIT margin continued to pick up in Q1: +80bp y-o-y

>Q1 2019 results publication undershot expectations but EBIT margin continues to recover - The group reported Q1 2019 results below expectations. Sales totalled € 914.5m (-21.2% y-o-y, consensus: € 1,034m) given a more pronounced contraction in the Power&Water division (-63% to € 63.1m). The oil & gas division showed greater resilience with a more limited contraction of 14.5% to € 829.1m. The EBIT margin reached 1.2% (EBIT € 10.6m, consensus: € 16m), confirming the s...

Baptiste Lebacq

Tecnicas Reunidas : La marge d’EBIT poursuit son redressement sur le T1 : +80 pb YoY

>Publication T1 en dessous des attentes mais une marge d’EBIT qui poursuit son redressement - Le groupe a publié des chiffres au titre du T1 en dessous des attentes. Le CA ressort à 914.5 M€ (-21.2 % YoY, consensus 1 034 M€) compte tenu d’une baisse plus prononcée de la division Power&Water (-63 % à 63.1 M€). La Branche Oil&Gas a mieux résisté avec un repli plus limité de 14.5 % à 829.1 M€. La marge d’EBIT est de 1.2% (EBIT 10.6 M€, consensus 16 M€) confirmant ainsi...

Baptiste Lebacq

Tecnicas Reunidas : EBIT margin continued to pick up in Q1: +80bp y-o-y

>Q1 2019 results publication undershot expectations but EBIT margin continues to recover - The group reported Q1 2019 results below expectations. Sales totalled € 914.5m (-21.2% y-o-y, consensus: € 1,034m) given a more pronounced contraction in the Power&Water division (-63% to € 63.1m). The oil & gas division showed greater resilience with a more limited contraction of 14.5% to € 829.1m. The EBIT margin reached 1.2% (EBIT € 10.6m, consensus: € 16m), confirming the s...

Alain William ...
  • Baptiste Lebacq
  • Christophe Chaput
  • Fehmi Ben Naamane
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 05/16/2019

...

Alain William ...
  • Baptiste Lebacq
  • Christophe Chaput
  • Fehmi Ben Naamane
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 16/05/2019

...

Increased risk weighs on TECNICAS REUNIDAS SA, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of TECNICAS REUNIDAS SA (ES), active in the Heavy Construction industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date June 18, 2019, the closing price was EUR 23.74 and its target price was estimated at EUR 20.17.

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