The Spanish OFS finished the year on a good note with revenues rising by 23% compared to the previous quarter. Notwithstanding the challenges and the weak order intake, the expected backlog growth allowed Técnicas to maintain its guidance for FY23 with a higher EBIT margin of 4% as the new year has started with awards worth €1.2bn. The pipeline of potential projects from refining to low carbon technologies also enhances visibility on the company’s medium-term performance.
