Shares in Spanish oil and gas infrastructure engineering and construction company Técnicas Reunidas rose more than 15 percentage points yesterday to set a session high of €12.43 after the unveiling New and ambitious strategic plan.
Técnicas Reunidas celebrates from Thursday to Friday. Capital Markets Day (CMD) in Abu Dhabi for analysts and institutional investors in which they explain the future strategy within the SALTA program, as well as medium- and long-term financial goals.
Cesar Sanchez-Grande, Head of Institutional Revenue Research 4explains that Técnicas Reunidas is going to create a new internal organizational structure, divided into five business units: engineering and services, energy, North America, Europe and the rest of the world and the Middle East and Asia-Pacific.
Técnicas Reunidas expects to double operating results in 5 years
This new structure will provide greater intimacy and relationships with clients, greater risk control and better talent retention. It will be implemented in the second half of this year and fully operational in 2025.
On the other hand, the program JUMP It will be divided into seven pillars:
Tecnicas Reunidas can confirm positive profitability dynamics
The new strategic plan of Técnicas Reunidas is going through some stages Positive balance targets for 2026:
The strategic plan also goes through some positive outlook for 2026 earnings report and refund dividends:
In addition, Renta 4 outlines impressive and aggressive targets for 2028, which include a new services division with sales of over 500 million and a contribution of 30% of operating results; Sales exceed 5,000 million and Ebit margin is within 8%.
In conclusion, Cesar Sanchez-Grande is positive about the company’s guidance for both 2026 and 2028, which clearly exceeds market consensus estimates, awaiting the company’s explanation of the steps it will take to achieve these goals.
“We estimate that the EBIT margin target for 2026 and 2028 will represent a corresponding change in the company’s strategy under the new SALTA plan.”
“In short, pending further explanation and detail, we believe these targets should have a positive impact on the stock price,” he concludes.
Judging by the screenshots BloombergTecnicas Reunidas has a market capitalization of around €975 million, trades at 15% of its earnings and offers a revaluation of 43% this year.
After a year of filming the Strangers films, Eva Green returned to French screens for…
Participation at 12:00 is 26.6%The total uncertainty about which government will emerge in the legislative…
SALES: -50% discount on your subscription to the magazine. Limited time! New National Geographic Book…
It's July, summer is here, and those who don't go to the beach or their…
Name Jordi Puig-Suari Less well known in Spain than he should be, this Catalan aerospace…
Record audience in all games This team helped millions…