Técnicas Reunidas plans to double its operating profit by 2028 and return its dividend in 2026.
Collected techniques plans to more than double its operating result (Ebit) in the coming years, reaching approximately 380 million euros in 2028up from 157 million at the end of 2023, and will pay dividends in 2026 with an initial “payout” of 30%.
According to the company, restoring its financial condition will allow it to repay its debt to the State Industrial Participation Company in 2026. (SEPI) and a return to dividend payments.
In principle, according to Técnicas Reunidas estimates,In 2026, payments will reach 30%but its goal is to match the shareholder remuneration levels of the past.
The company has reformulated its strategy for the next five years, called “Salta,” “focusing on more profitable growth with higher returns and less risk.”
A company celebrating its Capital Markets Day in Abu Dhabiexpects sales related to its engineering and services activities to account for 10% of total turnover in 2028. This will allow her to increase profits. Ebit from sales was 8%, double the 4% margin with which the company closed 2023.
Técnicas Reunidas expects its total sales to be close to 5 billion euros in 2026 and will exceed this amount in 2028, and its net result will exceed 160 million euros by 2026.
In addition, the company’s new business goals are aimed at achieving approximately €500 million of own funds at the end of 2025excluding SEPI equity loan.
Looking ahead to 2028, Collected techniques wants to consolidate a new services division over 500 million euros in sales, with a contribution of 30% results obtained from operations and increase Ebit margin to approximately 8%.
With the launch of Salta Técnicas, Reunidas will create a new model of internal organization based on the creation five business units: Engineering and Services, Energy, North America, Europe and Rest of World, and Middle East and Asia Pacific.
“These five business units will enable greater customer intimacy and relationships, stronger segregation and risk control, and better talent retention,” the company said in a statement to the National Securities Market Commission. (CNMV).
The company expects to complete implementation of this new organizational model in the second half of 2024, so It will be put into operation in 2025.