Q3 revenues were €1.13bn (+1% yoy); EBIT came in at €47m (-13% yoy), slightly above consensus estimates, and a 4.0% margin (80bp lower than in Q3 15). Net profit was €35m (-12% yoy), in line with consensus. The order intake was €0.5bn in Q3 (vs. €1.8bn in Q3 15). Guidance for 2016 raised: sales at €4.5-4.6bn (vs. €4.3-4.6bn previously); EBIT margin at around 4%.
10 Nov 2016
Confident on the outlook for 2017
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Confident on the outlook for 2017
Tecnicas Reunidas SA (TRE:WBO) | 0 0 (-0.4%) | Mkt Cap: 1,410m
- Published:
10 Nov 2016 -
Author:
Marzio Foa -
Pages:
2
Q3 revenues were €1.13bn (+1% yoy); EBIT came in at €47m (-13% yoy), slightly above consensus estimates, and a 4.0% margin (80bp lower than in Q3 15). Net profit was €35m (-12% yoy), in line with consensus. The order intake was €0.5bn in Q3 (vs. €1.8bn in Q3 15). Guidance for 2016 raised: sales at €4.5-4.6bn (vs. €4.3-4.6bn previously); EBIT margin at around 4%.