BME:TREEnergy Services
Técnicas Reunidas (BME:TRE) Stock Trails Profit Growth On Project Risk
Técnicas Reunidas came into this earnings day with a bruised share price, down roughly 20% over three months, yet trading on a modest 14x P/E and far below one prominent fair value estimate. The stock closed at €28.28 after the release, as investors weighed headline growth against lingering project risk.
The real story in this quarter is profit quality. Q2 revenue of €1,478.1m and net income of €44.4m sit within a half year that includes a €45m provision linked to the Middle East conflict,...