Tecnicas Reunidas S A : The Company provides information on business due to the market volatility
October 21, 2020 at 04:00 pm EDT
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TO THE NATIONAL SECURITIES MARKET COMMISSION
Pursuant to Article 227 of the consolidated text of the Securities Market Law, approved by Royal Legislative Decree 4/2015 of 23 October and other concordant provisions, TÉCNICAS REUNIDAS, S.A. (the "Company"), communicates the following:
ANOTHER RELEVANT INFORMATION
Given the extreme volatility that European stock markets are going through, including the Spanish ones and their evolution in the context of the situation created by the Covid-19 virus, the Company considers appropriate to clarify that:
There has been no cancellation of projects in the backlog.
All projects in the backlog, including those awarded in the last 18 months, are progressing adequately within the restrictions of working within the Covid environment. An example of this gradual trend towards normalization is the incorporation of one of our largest clients to the Company's offices in Madrid to develop in person the engineering and purchasing phases.
The Company continues to see a very significant volume of future opportunities and a high level of tenders. Furthermore, the new FEED (Front End Engineering Design) project awards, precursors of future large investments, have increased TR's engineering services portfolio by more than 70 million Euro in the last six months.
The Company has strengthened its financial and liquidity structure, maintaining a positive net cash position at the end of the quarter.
About Técnicas Reunidas:
Técnicas Reunidas is one of the leading international engineering companies that develops projects to respond to energy demand needs and obtaining environmentally friendly products for a wide spectrum of customers worldwide. Our commitment is to optimize the production efficiency, in accordance with the sustainability principles of the different countries in which we have presence. Since 1960, TR has designed and built more than 1,000 industrial plants in more than 50 countries.
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Tecnicas Reunidas SA published this content on 21 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2020 19:59:00 UTC
Tecnicas Reunidas SA is a Spain-based company engaged in the engineering and construction of industrial facilities. Its activities are structured in three business areas: Oil & Gas, Power and Infrastructure and industries. The Oil & Gas area provides engineering services for the construction of refinery units, as well as petrochemical and natural gas plants, and oil and gas pipelines. The Power segment includes the design and construction of fossil fuel power, nuclear, hydroelectric, biomass and solar installations. The Infrastructure and Industries area specializes in the construction and engineering of airports, water treatment plants, controlled landfills and waste incineration facilities, among others. Furthermore, the Company offers technical and management services in the fields of engineering and construction of industrial plants. The Enterprise is a parent of Tecnicas Reunidas Group, which operates worldwide by numerous subsidiaries and associates.
TÉCNICAS REUNIDAS, S.A. 
