Tecnicas Reunidas Sa Ord (TNISF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

everyone, and welcome to TNR's first quarter results presentation of the year. It's going to be conducted and led by our chairman, Juan Lladó, and our CEO, Eduardo Sanmiguel. It's going to last about 20-25 minutes, approximately, and you will be able to pose your questions after the final remarks. And now, I'll give the floor to our chairman, Juan Lladó. Thank you very much. Thank you, Antonio. Good morning, everyone, and thank you for joining us today. As you can see in this slide, we have this, you know, we have this structure, our presentation, you know, in a bit complex, but I think very understandable. First, I will start giving you, as always, you know, a glance of the key highlights Afterwards, Eduardo will step in explaining the ongoing Middle East situation and how TR is managing it. He will first drive you through the very short-term commercial outlook and the very relevant expected awards. Then he will explain the disruptions suffered from projects that are under execution in this area and how they are being managed. And to finalize this second section, I will come back to give you what we see the mid-term opportunities that we consider this current situation will bring to the sector and to TR. As always, Eduardo will go to the financial section of the quarter. Apparently, I will give you the final remarks before the Q&A. Eduardo? I don't know. It might be my time. So let me, let me, let me. I thought I had finished. Let me start with a key highlight, which is quite important for this quarter. If you look at this slide, each quarter has demonstrated a tiered solid business performance. Solid business performance reflected in the growth of revenue, tax generation, and underlying evidence. Sales reached 1.6 billion euros, which implies a 21% growth versus on...