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Tecnicas Reunidas, S.A. TRE.MC · Stock Open Tecnicas Reunidas, S.A. in new tab

27.14 EUR
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P/E
14.29
EPS
1.99
P/B
3.63
ROE
28.41
Beta
1.22
Target Price
37.93 EUR
Tecnicas Reunidas, S.A. logo

Tecnicas Reunidas, S.A.

🧾 Earnings Recap – Q1 2026

Shares fell 5.1% following the earnings release as investors reacted to cautious execution amid Middle East disruptions and a significant EUR 45 million provision, which weighed on EBIT and highlighted operational challenges.

  • Revenue grew 21% year-on-year to EUR 1.6 billion, driven by solid commercial activity mainly in the Middle East.
  • Underlying EBIT increased 36% to EUR 76 million, but after booking a EUR 45 million provision related to operational disruptions, reported EBIT dropped to EUR 31 million.
  • Approximately two-thirds of the backlog remains in the Middle East, with four major projects (EUR 1.5 billion backlog) significantly impacted by safety concerns, logistics bottlenecks, and site disruptions.
  • The company estimates the conflict impact at EUR 40-50 million, assuming no escalation and reopening of the Strait of Hormuz by end of Q2.
  • Despite challenges, TR maintains a substantial commercial pipeline (~EUR 40 billion), expecting short-term awards between EUR 4 billion and EUR 8 billion on three major projects by mid-June.
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1M 6M YTD 1Y 2Y 5Y Max
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Key Metrics
Earnings dateNov. 13, 2026
P/E14.29
EPS1.99
Book Value7.84
Price to Book3.63
Debt/Equity182.01
% Insiders37.660%
Growth
Revenue Growth0.03%
Earnings Growth0.45%
Estimates
Forward P/E9.05
Forward EPS3.14
Target Mean Price37.93

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Tecnicas Reunidas, S.A. Logo Tecnicas Reunidas, S.A. Analysis (TRE.MC)

Spain Industrials Official Website Stock

Is Tecnicas Reunidas, S.A. a good investment? Tecnicas Reunidas, S.A. (TRE.MC) is currently trading at 27.14 EUR. Market analysts have a consensus price target of 37.93 EUR. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 14.29. This relatively low multiple may signal that Tecnicas Reunidas, S.A. is undervalued compared to historical market norms.

Earnings Schedule: Tecnicas Reunidas, S.A. is expected to release its next earnings report on Nov. 13, 2026. The market consensus estimate for Forward EPS is 3.14.

Investor FAQ

Does Tecnicas Reunidas, S.A. pay a dividend?

No, it does not currently pay a dividend.

What asset class is Tecnicas Reunidas, S.A.?

Tecnicas Reunidas, S.A. is classified as a Stock. You can compare it against 7 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be Nov. 13, 2026. The company currently has a trailing EPS of 1.99.

Company Profile

Técnicas Reunidas, S.A., an engineering and construction company, designs and manages industrial plant projects worldwide. It operates through Upstream & Refining, Natural gas, Petrochemical, Low-carbon technologies, and Other segments. The Refining segment offers management, engineering, procurement, construction and commissioning services for facilities along the entire value chain to produce fuels. The Natural gas segment provides direction, management, engineering, procurement, construction and commissioning services for facilities throughout the supply chain, from natural gas production to regasification terminals; and treatment and processing plants, compressor and liquefaction stations, storage tanks, and final regasification facilities. The Petrochemical segment provides direction, management, engineering, procurement, construction and startup services for facilities dedicated to the production of basic chemical materials used in water distribution, pharmaceuticals, health, food, energy efficiency in buildings and transport systems, and others. The Low-carbon technologies segment offers hydrogen, carbon capture and storage, circular economy and bioproducts; produces biomethane and converts biomass and waste into fuels, biodiesel, biokerosene, chemicals, and power and steam generation. The Other segment offers water treatment, port infrastructures, and oil production. In addition, the company is involved in real estate-related activities, consultancy and assistance in international engineering projects, project execution, and machinery wholesale business. Técnicas Reunidas, S.A. was formerly known as Lummus Española, S.A. and changed its name to Técnicas Reunidas, S.A. in 1972. The company was incorporated in 1960 and is headquartered in Madrid, Spain.

Exchange Ticker
MCE (Spain) TRE.MC
FRA (Germany) T5R.F
VIE (Austria) TRE.VI
MEX (Mexico) TREE.MX
TLV (Israel) TREN.TA
GER (Germany) T77.DE
FRA (Germany) T77.F
Trades
Dividend History paid per year (EUR)
Historical Dividends
Year Total Dividends
▸2018
0.93 EUR
July 13, 2018 0.2633
Jan. 18, 2018 0.6670
▸2017
1.40 EUR
July 10, 2017 0.7289
Jan. 19, 2017 0.6670
▸2016
1.40 EUR
July 11, 2016 0.7289
Jan. 12, 2016 0.6670
▸2015
1.40 EUR
July 15, 2015 0.7286
Jan. 15, 2015 0.6670
▸2014
1.40 EUR
July 15, 2014 0.7286
Jan. 16, 2014 0.6670
▸2013
1.40 EUR
July 11, 2013 0.7286
Jan. 17, 2013 0.6670
▸2012
1.36 EUR
July 11, 2012 0.6880
Jan. 20, 2012 0.6670
▸2011
1.34 EUR
July 15, 2011 0.6800
Jan. 19, 2011 0.6600
▸2010
1.34 EUR
July 9, 2010 0.6800
Jan. 12, 2010 0.6600
▸2009
1.29 EUR
July 2, 2009 0.6500
Jan. 21, 2009 0.6400
▸2008
0.97 EUR
July 22, 2008 0.5244
Jan. 22, 2008 0.4500
▸2007
0.64 EUR
July 17, 2007 0.3400
Jan. 24, 2007 0.3000
Stock Splits
Split Date Split Ratio to 1
April 13, 2023 1.090000
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