Tecnicas Reunidas SA
MAD:TRE
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Tecnicas Reunidas SA
Técnicas Reunidas SA provides engineering and construction services. The company is headquartered in Madrid, Madrid and currently employs 7,311 full-time employees. The company went IPO on 2006-06-02. Its activities are structured in three business areas: Oil & Gas, Power and Infrastructure and industries. The Oil & Gas area provides engineering services for the construction of refinery units, as well as petrochemical and natural gas plants, and oil and gas pipelines. The Power segment includes the design and construction of fossil fuel power, nuclear, hydroelectric, biomass and solar installations. The Infrastructure and Industries area specializes in the construction and engineering of airports, water treatment plants, controlled landfills and waste incineration facilities, among others. Furthermore, the Company offers technical and management services in the fields of engineering and construction of industrial plants. The Enterprise is a parent of Tecnicas Reunidas Group, which operates worldwide by numerous subsidiaries and associates.
Técnicas Reunidas SA provides engineering and construction services. The company is headquartered in Madrid, Madrid and currently employs 7,311 full-time employees. The company went IPO on 2006-06-02. Its activities are structured in three business areas: Oil & Gas, Power and Infrastructure and industries. The Oil & Gas area provides engineering services for the construction of refinery units, as well as petrochemical and natural gas plants, and oil and gas pipelines. The Power segment includes the design and construction of fossil fuel power, nuclear, hydroelectric, biomass and solar installations. The Infrastructure and Industries area specializes in the construction and engineering of airports, water treatment plants, controlled landfills and waste incineration facilities, among others. Furthermore, the Company offers technical and management services in the fields of engineering and construction of industrial plants. The Enterprise is a parent of Tecnicas Reunidas Group, which operates worldwide by numerous subsidiaries and associates.
Revenue Acceleration: TR reported EUR 1.8 billion in sales for Q3, a 29% increase from Q2, driven mainly by accelerated project execution in the Middle East and growth in the Power division.
Margin Expansion: EBIT reached EUR 84 million with a 4.5% margin, 78% higher than a year ago, marking the 12th consecutive quarter of margin growth.
Raised Guidance: The company raised its 2025 revenue guidance to above EUR 6.25 billion (up from EUR 6.1 billion a month ago), and now sees 2026 revenue north of EUR 6.5 billion with margins above 5%.
Strong Pipeline: TR highlighted a robust EUR 86 billion commercial pipeline, with 33% in North America and continued strength in the Middle East.
Optimistic Outlook: Management expressed increased optimism about future growth, citing strong customer demand, especially for project acceleration, and positive developments in North America and energy transition.
Project Acceleration: Clients are pushing for faster delivery, requiring TR to advance costs for procurement and labor, with some compensation for meeting accelerated milestones.
