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TECNICAS REUNIDAS tr MAIN HIGLIGHTS ▪ YTD backlog of € 10.4 billion ■ YTD order intake of € 3.7 billion ■ ■ 9M 2021 Results 15 November 2021 Non - audited accounts Sales at € 2,104 million Adjusted EBIT at € 40 million , with a 1.9 % margin . EBIT at € -148 million Net profit at € -157 million Net debt position of € 91 million Juan Lladó , Técnicas Reunidas Chairman , commented : " My main message this quarter is that , despite still facing a challenging present , we are highly confident about having reached the turning point towards full normalization and growth . Our third quarter results continued to be heavily impacted by the Covid pandemic and its ensuing effects of higher costs , lower productivities , slower milestone achievement , and the reprogramming of more than 50 % of our backlog . In this scenario , with sales 40 % below our precrisis levels , it has been a management challenge to stabilize our operating results at breakeven levels . The future , however , looks much brighter . First , because we are going to see in our sales the reflection of the strong commercial effort made throughout 2021 , that has translated into more than € 4bn of diversified , low - risk awards . Second , because we expect a progressive reactivation of all the projects that were reprogrammed , as indicated to us by our clients . That implies that we will start to execute and accrue sales at a normal pace . Third , and most important , because we will achieve margin normalization , as our sales reach cruise speed levels and Covid effects disappear . Last but not least , because we are highly confident about the central role that TR will play to speed up the energy transition . I am confident that sales and margins will take place sooner than initially expected . Sociedad Española de Participaciones Industriales The last eighteen months have been very challenging for TR . It has been a tough period , but we have managed to preserve our most valuable assets that are the prestige of our engineering franchise and the trust of our customers , as shown by our continued flow of awards and bid requests . We are now ready to turn the Covid page and grow our sales and results to pre - pandemic levels . We are thankful to the Spanish government through SEPI¹ for supporting us in this effort ; and to all our shareholders that patiently weathered out these difficult times with us . "