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Tecnicas Reunidas
Tecnicas Reunidas (TRE) investor relations material
Tecnicas Reunidas Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary30 Jul, 2026
Executive summary
H1 sales rose 12% year over year to €3,060.8m; reported operating profit was €104.2m and net profit €59.1m.
Underlying EBIT increased 24% to €149m (4.9% margin); reported EBIT was €104m (3.4% margin) after a €45m Middle East conflict provision.
Backlog reached €13,938m at 30 June, up from €10,553m at December 2025; H1 order intake was €5.9bn.
Q2 sales were €1,478m and EBIT was €73m, a 5% margin; no Q2 provisions were required.
Net cash was €343.8m at 30 June, compared with €331.6m at December 2025.
Financial highlights
Q2 sales reached €1,478m; EBIT was €73m, representing 5% of sales.
H1 net profit was €59.1m, broadly unchanged year over year; basic and diluted EPS was €0.75 versus €0.74.
Operating cash flow was €46.5m; cash and cash equivalents were €1,384.8m, up from €1,143.2m at year-end 2025.
Equity increased to €622m from €564m in 2025.
Outlook and guidance
2026 sales guidance is above €6.5bn; underlying EBIT is expected to exceed €325m, with an underlying EBIT margin above 5%.
2026 order intake is expected to exceed €8bn, including ~€375m in services awards.
Power business outlook was upgraded, with potential annual revenue of €2bn; medium-term 2028 EPC revenue guidance is to be revised upward from €4.5bn.
Services targets include €500m annual revenue and ~30% gross margin by 2028.
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Latest events from Tecnicas Reunidas
- Sales up 21% to €1,583M; strong cash and pipeline despite €45M Middle East provision.TRE
Q1 2026 - 2025 sales rose 45% and net profit 75%, with strong backlog, transformation, and 2026 growth outlook.TREQ4 2025
- 9M 2025 sales up 43%, EBIT up 56%, and backlog at €11.5B with upgraded guidance.TREQ3 2025
- Decarbonization, digitalization, and global expansion drive ambitious revenue growth targets.TREInvestor Day 2025 Presentation
- Record sales, EBIT, and backlog in H1 2025 drive strong outlook and margin expansion.TREQ2 2025
- Record backlog and robust order intake fuel 58% net profit growth and margin expansion.TREQ3 2024
- H1 2024: €2.1bn sales, €84.2m EBIT, €318m net cash, backlog €10.96bn, SALTA plan launched.TREQ2 2024
- Record backlog and major contract wins drive strong sales, profit, and 2025 outlook.TREQ1 2025
- Record 2024 growth and backlog support higher sales, margins, and dividend resumption by 2026.TREQ4 2024
Next Tecnicas Reunidas earnings date
Q3 202613 Nov, 2026
Tecnicas Reunidas
Next Tecnicas Reunidas earnings date
Q3 202613 Nov, 2026
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Frequently asked questions
Tecnicas Reunidas, SA is an engineering and construction company, providing services to industrial plant projects worldwide. It offers project management, process, mechanical and civil works, fabrication and erection of longitudinal structures, construction of turnkey plants, and other services. The company operates through Oil & Gas, Industrial Plants and Infrastructure segments. Oil & Gas relates to the hydrocarbons industry together with its own business based on a new technology for gas dehydration and liquids processing. Industrial Plants segment involves design/build projects included in the oil & gas industry and pharmaceutical plants sector. Infrastructure business segment has 3 sectors: roads, railroad lines and water treatment plants.