Report
Baptiste Lebacq

Tecnicas Reunidas : Les fondamentaux sont là, la remontée des marges sera progressive

>Opinion Neutre maintenue (OC 10 €) - A la suite du parcours boursier du titre depuis la publication de ses résultats du T3 22 (+ 50 % à fin janvier 2023), nous avions ramené notre recommandation à Neutre. Nous n’avons que très marginalement ajusté notre séquence de BPA sur 2023/2025 et réitérons notre recommandation sur le titre. Ces chiffres confirment que le redressement est en cours. Cependant nous privilégions dans le secteur les acteurs présents sur la liqu...
Underlying
Tecnicas Reunidas SA

Tecnicas Reunidas is a general contractor company based in Spain. Co. engages in the engineering, design, and construction of industrial facilities for refining and petrochemical, oil and gas, power, and infrastructure and industries sectors worldwide. Co. constructs nuclear plants, conventional thermal plants, and renewable energy and cogeneration facilities for power sector; refineries and facilities for petrochemicals; water treatment, desalination, waste management, air, land, and marine transport facilities; and liquefaction, and storage facilities, as well as oil and gas fields and pipelines. Co. also provides engineering, management and operating services for industrial plants.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Baptiste Lebacq

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