Technip Energies Reports Strong 9M Performance and Raises Revenue Guidance
Key Ideas
  • Technip Energies achieved a robust performance in the first nine months of 2024, with a 13% year-over-year revenue growth and a stable recurring EBIT margin of 7.2%.
  • The company upgraded its 2024 revenue guidance to €6.5 - 6.8 billion, reflecting confidence in future orders and success in securing projects in green hydrogen, LNG, and carbon capture.
  • Technip Energies' strategic focus on new industries like blue molecules and carbon capture is positioning the company for sustained growth and leadership in growth markets.
  • With a strong commitment to shareholder returns, the completion of a €100 million share buyback program demonstrates the company's dedication to enhancing shareholder value.
Technip Energies, a leading Engineering & Technology company for the energy transition, announced its strong unaudited financial results for the first nine months of 2024. The company reported a 13% year-over-year revenue growth, a stable recurring EBIT margin of 7.2%, and a 35% increase in diluted earnings per share. The CEO highlighted the company's dedication and success, resulting in an upgrade of the 2024 revenue guidance to €6.5 - 6.8 billion. Technip Energies secured significant projects in green hydrogen, LNG, and carbon capture, positioning itself for future growth. The company's focus on new industries like blue molecules and carbon capture is set to drive sustained success. Additionally, Technip Energies showcased a strong commitment to shareholder returns, with the completion of a €100 million share buyback program. The company is looking forward to its Capital Markets Day on November 21, 2024, where it will share its vision for the future and update on its strategy and business outlook.
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