Revenue distribution by industry:

• Oil and Gas: approx. 60%
• Petrochemicals: approx. 25%
• Energy and Infrastructure: approx. 15%

TOP 3 markets and their percentage shares:

• Middle East: approx. 40%
• Europe: approx. 30%
• Latin America: approx. 20%

Técnicas Reunidas, S.A. generates the majority of its revenue from the oil and gas industry, which is due to the strong demand for engineering services in this sector. The Middle East is the largest market, as the region makes significant investments in oil and gas projects. Europe and Latin America follow, with both traditional and renewable energy projects playing a role in these markets.

Production Sites: Mainly in Spain, with projects worldwide.

Técnicas Reunidas, S.A. is a Spanish company specializing in engineering, procurement, and construction (EPC) services, particularly in the fields of oil, gas, petrochemicals, and energy. While the company is headquartered in Spain, it carries out projects and services globally without specific production facilities in the traditional sense. Instead, it operates on a project basis in different countries, depending on the respective customer requirements and project locations.

Strategy for Future Growth:

1. Portfolio Diversification: Técnicas Reunidas is increasingly focusing on diversifying its services and projects to not only concentrate on the traditional oil and gas sector, but also to establish a presence in the areas of renewable energies and sustainable technologies.

2. International Expansion: The company plans to further expand its presence in high-growth markets such as the Middle East and Asia. These regions offer significant opportunities for infrastructure projects and energy developments.

3. Investments in Research and Development: Técnicas Reunidas continuously invests in research and development to develop innovative solutions that improve the efficiency and sustainability of their projects.

These strategic initiatives aim to make the company more resilient to market volatilities and secure long-term stable growth opportunities.

Main raw materials: Steel, copper, aluminum, special alloys
Main importing countries: China, Germany, USA, Japan

Técnicas Reunidas, S.A., a leading company in the field of engineering services and construction, imports a variety of raw materials essential for its projects in the oil, gas, and energy industry. Steel and special alloys are particularly important for the construction of facilities and infrastructure. These materials are often sourced from China and Germany, as these countries have a strong metal industry.

Copper and aluminum, needed for electrical installations and other technical applications, are frequently imported from the USA and Japan. These countries offer high-quality materials and technologies that meet the requirements of Técnicas Reunidas.

The selection of supplier countries is based on the quality of materials, costs, and the reliability of supply chains.

Competitive Advantage: Moderate to Strong (Estimation 2026)

Técnicas Reunidas, S.A. is a leading company in the field of engineering and construction of facilities for the oil and gas industry as well as other energy projects. The company's competitive advantage arises from several factors:

Firstly, Técnicas Reunidas has many years of experience and expertise in planning and implementing complex projects, giving them an advantage over new market participants. Their ability to manage large and technically demanding projects is a key component of their competitive advantage.

Secondly, the company has a strong global presence and collaborates with many of the world's largest energy companies. These established relationships and international network enable them to continuously win new contracts and compete against rivals.

Thirdly, Técnicas Reunidas continuously invests in research and development to offer innovative solutions that meet the changing requirements of the energy industry. This strengthens their position in the market, especially during the transition to more sustainable energy sources.

Overall, Técnicas Reunidas' competitive advantage remains moderate to strong as they continue to enhance their core competencies and adapt to market changes.

Institutional Investor Share: approximately 45% (estimate based on previous data and industry trends)

Insider Buys/Sells: No significant transactions reported in the last 12 months (estimate)

The institutional investor share in Técnicas Reunidas, S.A. typically stands at around 45%. This reflects institutional investors' confidence in the company's long-term stability and growth potential.

Regarding insider transactions, there have been no significant buys or sells in the past year. This could indicate that the management has confidence in the current company strategy and sees no need to alter their holdings. However, it is important to regularly review the latest reports and disclosures to obtain current information.

Market share of Técnicas Reunidas, S.A.: Estimated 3-5% (2026, in the field of engineering and construction for the oil and gas industry)

Main competitors and their market shares:

1. Fluor Corporation: 10-12%
2. Saipem S.p.A.: 8-10%
3. Technip Energies: 7-9%
4. Worley Limited: 6-8%
5. Petrofac Limited: 5-7%
6. McDermott International, Ltd.: 4-6%
7. KBR, Inc.: 3-5%
8. Jacobs Engineering Group: 3-5%
9. Técnicas Reunidas, S.A.: 3-5%
10. Wood Group: 2-4%

Moat of Técnicas Reunidas, S.A.:

Técnicas Reunidas has a moderate moat, mainly based on a strong specialization in the oil and gas industry. The company has extensive experience and expertise in planning and executing large projects, making it competitive in certain markets.

However, some of the larger competitors like Fluor Corporation and Saipem S.p.A. have a stronger moat. These companies benefit from a broader global presence, a diversified service portfolio, and larger financial resources that allow them to take on larger and more complex projects.

Overall, Técnicas Reunidas has a certain competitive advantage in specific niche markets, but larger competitors have the upper hand in terms of economies of scale and global reach.

Revenue Growth: Estimate 5-7% (2026) Order Backlog: 11 billion euros (2025) EBITDA Margin: 4-5% (2025)

Técnicas Reunidas, S.A. is a leading company in the field of engineering and construction of industrial plants, especially in the oil and gas industry. The company has experienced moderate revenue growth in recent years, mainly due to the expansion of projects in the Middle East and Asia.

The order backlog of 11 billion euros indicates a solid pipeline of future projects, suggesting a stable demand for the company's services. This could lead to continuous revenue growth in the coming years.

The EBITDA margin of 4-5% is moderate compared to the industry, indicating efficiency improvements and cost reduction measures. However, the margin could be influenced by volatile commodity prices and geopolitical risks.

Overall, Técnicas Reunidas could be an interesting investment for investors interested in energy infrastructure, especially if the company can further improve its margin and tap into new markets.

Dividend Yield: 3.5% (2026, estimated)
Dividend History: Regular payouts in recent years

Técnicas Reunidas, S.A. has regularly distributed dividends in the past, indicating a certain level of reliability. The estimated dividend yield of 3.5% in 2026 suggests that the company continues to strive to involve its shareholders in the profits.

However, the reliability of dividend payments heavily depends on the financial stability and future projects of the company. As Técnicas Reunidas operates in the engineering services sector for the oil and gas industry, market fluctuations and project delays can influence payouts. Historically, the company has pursued a solid dividend policy.