Technip Energies Reports Strong Financial Results and Growth Prospects
Key Ideas
  • Technip Energies shows a strong 13% year-over-year revenue growth, leading to an upgrade in the 2024 revenue guidance.
  • The company's strategic focus on green hydrogen, blue molecules, and carbon capture projects signifies commitment to sustainable growth.
  • Successful completion of a €100 million share buyback program showcases dedication to rewarding shareholders.
  • Technip Energies is well-positioned for expansion into new markets and geographies, with orders expected to surpass revenue for the full year.
Technip Energies, a leading Engineering & Technology company, has announced its robust financial results for the first nine months of 2024. The company reported a significant 13% year-over-year revenue growth, leading to an upgrade in the 2024 revenue guidance to €6.5 - 6.8 billion. The recurring EBIT margin remained stable at 7.2%, with a notable 35% year-over-year increase in diluted EPS. Technip Energies demonstrated its commitment to shareholder returns through the successful completion of a €100 million share buyback program. The company is strategically focused on green hydrogen, blue molecules, and carbon capture projects, positioning itself for sustainable growth in emerging markets. Notable achievements include securing awards for green hydrogen and Power-to-X services in India, as well as projects in the US, UK, and Mozambique. Technip Energies' Capital Markets Day on November 21, 2024, in London will provide further insights into the company's vision and strategy for the future.
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