Técnicas Reunidas obtained an attributed net profit of 20.5 million euros in the first quarter of the year, a figure 4% higher than that of the same period in 2023, the company reported this Friday to the National Securities Market Commission (CNMV). ).

The group’s income reached 1,003 million euros between January and March, 10% less than in the first three months of last year but 13% higher than the previous quarter.

The gross operating result (Ebitda) of Técnicas Reunidas amounted to 48 million euros, 6% more, while the net operating result (Ebit) stood at 40.2 million euros, 3% more, with an Ebit margin of 4%, higher than the 3.5% level recorded in the first quarter of 2023.

The company closed March with a net cash position of 333 million euros, more than double the 142 million euros a year earlier. However, Técnicas Reunidas has specified that the net cash position for the first quarter does not include advances from the Riyas project.

For 2024 as a whole, the company expects to obtain sales of around 4.5 billion euros and an Ebit margin of 4%.

“We continue to advance in the execution of our projects, as reflected by the results obtained. We ended the first quarter with more than 1,000 million euros in sales, with an operating margin of 4%, in line with our forecasts for the year. In summary: a good start for what we hope will be a good year,” highlighted the company’s executive president, Juan Lladó.