Tecnicas Reunidas (ES:TRE) has released an update.
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Tecnicas Reunidas showcases a strong first half of 2024 with an order book reaching €10.963 billion, a 9% year-over-year increase in net profit at €42 million, and a solid EBIT margin of 4%. The company announced significant new awards, including a major service contract in the U.S. and the Jafurah III project for Saudi Aramco, underscoring the success of its SALTA strategy and strategic alliances. Despite a 4% decrease in total sales compared to the previous year, Tecnicas Reunidas demonstrates a robust financial recovery with quarterly sales surpassing €1 billion.
For further insights into ES:TRE stock, check out TipRanks’ Stock Analysis page.
