Q4 revenues were €1.36bn (+15% yoy); EBIT came in at €53m (vs. a €62m loss in Q4 15 due to the one-off losses on the Alberta project), beating consensus. Net profit after discontinued operations (€11m write-downs) was €28m (vs. a €55m loss in Q4 15), slightly below consensus. The order intake was €1.4bn in Q4 (vs. €3.0bn during the exceptional Q4 15).
28 Feb 2017
Solid bidding activity, “more normalised” capex environment
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Solid bidding activity, “more normalised” capex environment
Tecnicas Reunidas SA (TRE:WBO) | 0 0 (-0.4%) | Mkt Cap: 1,410m
- Published:
28 Feb 2017 -
Author:
Marzio Foa -
Pages:
2
Q4 revenues were €1.36bn (+15% yoy); EBIT came in at €53m (vs. a €62m loss in Q4 15 due to the one-off losses on the Alberta project), beating consensus. Net profit after discontinued operations (€11m write-downs) was €28m (vs. a €55m loss in Q4 15), slightly below consensus. The order intake was €1.4bn in Q4 (vs. €3.0bn during the exceptional Q4 15).