Report
Baptiste Lebacq

Tecnicas Reunidas : Une sortie du gué confirmée

>Opinion Achat maintenu, notre scénario de remontée des marges est conforté - Nous maintenons notre recommandation Achat sur le titre. La publication des résultats 2018 conforte notre accélération du momemtum avec une poursuite de la hausse du carnet de commandes et une remontée des marges d’EBIT (grâce à un meilleur phasing dans le déroulement du carnet de commandes). Nous avons très légèrement relevé notre séquence de BPA 2019/20 et maintenons notre objectif de cour...
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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