Spain · Delayed Price · Currency is EUR Técnicas Reunidas Earnings Call Transcripts
Fiscal Year 2026
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Q2 EBIT reached EUR 73 million with strong sales and net cash, while first-half sales grew 12% year-over-year. Major project wins in the Middle East and North America, a robust order backlog, and a positive outlook for power and services segments support guidance for further growth.
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Q1 saw 21% revenue growth and strong cash generation, with underlying EBIT up 36% year-over-year. Despite a EUR 45 million provision for Middle East disruptions, guidance remains robust, with major project awards expected and a solid pipeline in power and energy transition.
Fiscal Year 2025
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2025 delivered record sales, EBIT, and net profit, driven by strong execution, strategic wins, and transformation initiatives. 2026 guidance targets further growth, with EUR 7 billion in new awards and resumed dividends, supported by robust market pipelines and digitalization investments.
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Nine-month 2025 results show strong revenue and EBIT growth, driven by strategic focus on high-margin services and power. Guidance for 2025 and 2026 has been raised, with optimism supported by a robust pipeline and major contract wins in Europe and the Middle East.
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Order intake and backlog reached record levels, with strong growth in services and low-carbon projects. Q2 net sales rose 32% year-over-year, and EBIT hit a historic high. SEPI loan repayment and dividend resumption are expected after summer, with continued margin improvement ahead.
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Record Q1 order intake and backlog drove 30% sales growth and a 40% EBIT increase, with strong cash and equity positions. Guidance for 2025 is reaffirmed, supported by a EUR 66 billion pipeline and major awards in upstream, power, and energy transition.
Fiscal Year 2024
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Order intake and backlog reached record levels in 2024, with sales up 8% and EBIT up 16% year-over-year. Guidance for 2025 and 2026 points to further revenue and margin growth, supported by strong project wins and a robust service division.
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Order intake reached EUR 4.1 billion, driving a record EUR 12.4 billion backlog and strong revenue growth. EBIT and net profit rose significantly year-over-year, with margins expected to improve further in 2025. Robust commercial pipeline and strategic focus on services and low-carbon projects support an optimistic outlook.
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H1 2024 saw €2.1B revenue, €84M EBIT (4% margin), and €1.4B order intake, with a €318M net cash position. Strategic focus on service contracts, decarbonization, and alliances drove growth, while guidance targets €4.5B sales and 4% EBIT margin for 2024.