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Técnicas Reunidas earns 1.2 million and recovers from loss in 2021

Técnicas Reunidas reported a net profit of 1.2 million euros during the first quarter of this year, compared to a…

By admin , in news , at May 13, 2022

Técnicas Reunidas reported a net profit of 1.2 million euros during the first quarter of this year, compared to a loss €61 million which was registered a year ago, as the company reported to the National Securities Markets Commission (CNMV) this Friday.

total sales made €773 millionWith a growth of 1% over the first quarter of 2021 and a growth of 10% over the last quarter of 2021.

This is the first quarter since the start of COVID-19 Which shows improvement in sales on yearly and quarterly basis.

visual recovery

The company has indicated that this recovery will be more visible in the second half of 2022 as the rescheduled projects will contribute more to sales, some of which allotment Will enter the more advanced stages of the previous year and gain more momentum in the achievement of milestones in projects that are currently under execution.

However, the firm has indicated that it is closely monitoring the current raw material and supply chain environment, as incidents and lockdowns in Ukraine increase. China The unrest in the sector is increasing.

Net operating result (EBIT) was EUR 7.1 million, representing a margin of 0.9%, compared to the portfolio remained at the end of the first quarter of this year. 10,378 million euros,

“We are gradually normalizing in a progressive way: sales and capacity utilization have improved, and profits and operating margins have turned positive, despite the fact that we have to manage new challenges related to events in Ukraine and China. Must do », highlighted the president of Técnicas Reunidas, Juan Lladoz,

Looking to this year, the company currently expects sales of about 4,000 million euros and a margin of EBIT more than 2%.

except, gathering technology The prize is expected to be around 4,000 million euros.

Técnicas Reunidas earns 1.2 million and recovers from loss in 2021

2022-05-13 07:00:48