Tecnicas Reunidas expects net profit to nearly triple by 2026
May 23 (Reuters) -Spain's Tecnicas Reunidas TRE.MC expects its net profit to surpass 160 million euros ($173.22 million) in 2026 compared to 60 million euros in 2023, it said on Thursday, citing rising demand for its engineering services.
The company, which specialises in designing and building petrochemical and gas infrastructure, turned to profit in 2023 after suffering severe blows in 2021 and 2022 as the COVID pandemic and the war in Ukraine led to a slowdown in energy investment.
It maintained earlier this month its full-year 2024 guidance calling for sales "in the range of 4.5 billion euros" and an earnings before interest and taxes margin of 4%.
"The portfolio, balance sheet and income statement are proof of the normalisation of our business after the effects of COVID and the war in Ukraine," CEO Juan Llado said in a statement.
In its new strategic plan presented in Abu Dhabi on Thursday, Tecnicas Reunidas said it will create a unit to drive the engineering and project management services business and to expand its presence in North America with a focus on decarbonisation.
The company seeks to position itself as a supplier of low-emission technologies, which represented only 5% of its total portfolio last year. Tecnicas Reunidas still mainly depends on natural gas and petrochemical services.
It also sees in 2028 total sales in excess of 5 billion euros compared to 4.13 billion euros in 2023, with about 10% of that coming from its engineering and services business.
The Spanish firm also expects its earnings before interest and taxes margin to double to around 8% in four years.
Following the recovery of its business, the company is planning to repay its debt in 2026 and to distribute dividends again, with an estimated payout of 30% in the same year.
($1 = 0.9237 euros)
Reporting by Matteo Allievi; Editing by Inti Landauro and Muralikumar Anantharaman
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
