Q1 revenues were €1.1bn (+16% yoy), in line with consensus estimates. The operating profit came in at €42m (-7% yoy), also in line with consensus, while the net profit, at €30m, was slightly below expectations (at €32m). The order intake was €1.0bn and the backlog stood at €12.0bn (+42% yoy). Guidance 2016 confirmed: - Sales at €4.3-4.6bn; - EBIT margin at around 4%.
13 May 2016
Backlog execution on track; guidance 2016 confirmed
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Backlog execution on track; guidance 2016 confirmed
Tecnicas Reunidas SA (TRE:WBO) | 0 0 (-0.4%) | Mkt Cap: 1,410m
- Published:
13 May 2016 -
Author:
Marzio Foa -
Pages:
2
Q1 revenues were €1.1bn (+16% yoy), in line with consensus estimates. The operating profit came in at €42m (-7% yoy), also in line with consensus, while the net profit, at €30m, was slightly below expectations (at €32m). The order intake was €1.0bn and the backlog stood at €12.0bn (+42% yoy). Guidance 2016 confirmed: - Sales at €4.3-4.6bn; - EBIT margin at around 4%.