Q2 revenues were up 30% yoy, to €978m, thanks to the high backlog (at €9bn, +16% yoy) and above consensus expectations. EBIT grew by 32%, to €50m (5.1% margin, as in Q2 14). Net profit was €37m (+9% yoy), slightly above consensus estimates. The order intake in Q2 15 was €1.3bn (EPC for the execution of the fifth Gas Train (GT5) at Mina al-Ahmadi Refinery in Kuwait); the backlog stood at €9bn (+15% yoy), 95% in Oil & Gas. Net cash was €436m, 35% below las
31 Jul 2015
Q2 15 results, growing Kuwait footprint
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Q2 15 results, growing Kuwait footprint
Tecnicas Reunidas SA (TRE:WBO) | 0 0 (-0.4%) | Mkt Cap: 1,410m
- Published:
31 Jul 2015 -
Author:
Marzio Foa -
Pages:
2
Q2 revenues were up 30% yoy, to €978m, thanks to the high backlog (at €9bn, +16% yoy) and above consensus expectations. EBIT grew by 32%, to €50m (5.1% margin, as in Q2 14). Net profit was €37m (+9% yoy), slightly above consensus estimates. The order intake in Q2 15 was €1.3bn (EPC for the execution of the fifth Gas Train (GT5) at Mina al-Ahmadi Refinery in Kuwait); the backlog stood at €9bn (+15% yoy), 95% in Oil & Gas. Net cash was €436m, 35% below las