Técnicas Reunidas, S.A. Reports Earnings Results for the Half Year Ended June 30, 2022
July 29, 2022 at 08:06 am EDT
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Técnicas Reunidas, S.A. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was EUR 1,654.2 million compared to EUR 1,422 million a year ago. Revenue was EUR 1,657.7 million compared to EUR 1,426.1 million a year ago. Net loss was EUR 68.8 million compared to EUR 162.5 million a year ago.
Tecnicas Reunidas SA is a Spain-based company engaged in the engineering and construction of industrial facilities. Its activities are structured in three business areas: Oil & Gas, Power and Infrastructure and industries. The Oil & Gas area provides engineering services for the construction of refinery units, as well as petrochemical and natural gas plants, and oil and gas pipelines. The Power segment includes the design and construction of fossil fuel power, nuclear, hydroelectric, biomass and solar installations. The Infrastructure and Industries area specializes in the construction and engineering of airports, water treatment plants, controlled landfills and waste incineration facilities, among others. Furthermore, the Company offers technical and management services in the fields of engineering and construction of industrial plants. The Enterprise is a parent of Tecnicas Reunidas Group, which operates worldwide by numerous subsidiaries and associates.