Técnicas Reunidas (TR) has announced a spectacular start to the year 2025, recording a 35% growth in net profit compared to the same period of the previous year.
El operating result (EBIT) It has also marked a milestone for the company, reaching 56 millones de euros, which represents a del% increase 40 compared to the first quarter of 2024. Likewise, the total sales have experienced a increase of 30%, reaching the 1.307 millones de euros, one of the highest quarterly levels in Técnicas Reunidas' history.
This strong performance is largely attributed to the unprecedented volume of the order book, which projects a promising future for sales growth in the coming quarters. net profit of the period was estimated at 28 millones de euros, Whereas the EBIT margin was situated in a 4,3 %, exceeding the 4% recorded in the first quarter of last year.
La net cash position The company's profit at the end of the quarter was strengthened to 423 millones de euros, which represents an increase of 90 million compared to the same period in 2024 and almost 30 million more than at the end of the previous year. equity also experienced significant growth, reaching 626 millones de euros, 9% more than at the end of 2024. It is noteworthy that both the net cash position and equity exceed pre-COVID-19 pandemic levels.
Regarding recruitment, Técnicas Reunidas has achieved New contracts worth 3.700 billion euros in this first quarter. Among them, the expansion project of the deposit of Lower Zakum for ADNOC Offshore in Abu Dhabi, valued at around 3.300 billion euros, and the terminal Vaca Muerta for YPF in Argentina, with an amount of 420 million euros.
The company also sees a promising future, with a portfolio of new opportunities in the next 24 months that exceeds the 66.000 millones de euros, of which 15.000 billion correspond to decarbonization projects.
With these results in hand, Técnicas Reunidas is confident of achieving its objectives for this year, which include sales of more than 5.200 million euros, which would represent an increase of more than 15% compared to 2024, and a EBIT margin around 4,5%, more than 10% higher than the previous year.
The executive president of Técnicas Reunidas, Juan LladóLladó expressed his satisfaction with these results, highlighting that the company has started 2025 with "very solid commercial, operational, and financial results." He emphasized the importance of winning the project in Abu Dhabi and the robust pipeline of new opportunities, despite the "current macroeconomic uncertainties." Lladó also underscored the "solid and high-quality execution" reflected in revenue and EBIT growth, strengthening the company's balance sheet.
In short, Técnicas Reunidas' outlook is very positive, supported by a solid portfolio of contracted projects and a broad pipeline of future opportunities, which generates great confidence in meeting its objectives for 2025 and beyond.
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