Tecnicas Reunidas SA (T5R.DU)

Tecnicas Reunidas's 1Q net profit soars as business recovers

Tecnicas Reunidas shares opened 4% higher on Friday as investors welcomed the turnaround. In the first quarter, Tecnicas Reunidas booked new contracts worth 1.67 billion euros, more twice as much as in the same quarter a year earlier. Most notably, Tecnicas Reunidas signed a contract to build a LNG terminal in Germany worth 1 billion euros.