Técnicas Reunidas Reports Strong 2024 Financial Performance and Positive Outlook

Tecnicas Reunidas ( (ES:TRE) ) just unveiled an announcement.

Técnicas Reunidas reported strong financial results for 2024, with a portfolio of €12,479 million and sales of €4,451 million, marking an 8% increase from 2023. The company achieved a net profit of €89 million, a 50% rise from the previous year, and maintained a robust net cash position of €394 million. These results underscore the company’s regained momentum and leadership in the engineering sector, supported by recent project awards and a diversified portfolio. The company projects continued growth, with revenues expected to exceed €5,200 million in 2025 and an operating margin of around 4.5%, indicating a positive trajectory towards its long-term ambitions.

More about Tecnicas Reunidas

Técnicas Reunidas is a leading company in the engineering industry, focusing on delivering high-quality engineering services and project management. It is known for its strong project portfolio and client trust, which are central to its market positioning.

YTD Price Performance: 38.47%

Average Trading Volume: 2,578

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €1.2B

For a thorough assessment of TRE stock, go to TipRanks’ Stock Analysis page.