Technip Energies 9M 2024 Financial Results Showcase Strong Performance and Growth
Key Ideas
  • Technip Energies reports a robust performance in the first nine months of 2024 with a 13% year-over-year revenue growth and substantial growth in net income.
  • The company is upgrading its 2024 revenue guidance to €6.5 - 6.8 billion and has a stable recurring EBIT margin of 7.2% with diluted EPS up 35% year-over-year.
  • Technip Energies is well-positioned for growth with notable prospects, including projects in green hydrogen, Power-to-X, LNG, blue molecules, and carbon capture, demonstrating market leadership and diversification.
  • The company's commitment to shareholder returns is evident through a successful €100 million share buyback program and plans to return over €170 million in cash to shareholders in 2024.
Technip Energies, a leading Engineering & Technology company for the energy transition, has announced strong financial results for the first nine months of 2024. The company experienced a 13% year-over-year revenue growth, stable recurring EBIT margin of 7.2%, and a significant increase in net income. This performance has led to an upgrade in the 2024 revenue guidance to €6.5 - 6.8 billion. Technip Energies CEO, Arnaud Pieton, expressed delight in the company's performance, highlighting sustained profitability and growth. The company's order intake aligns with revenue, with confidence in exceeding revenue for the full year. Notable projects in green hydrogen, LNG, blue molecules, and carbon capture further showcase the company's market leadership and diversification strategy. Technip Energies has also focused on shareholder returns, with a successful share buyback program and plans to return cash to shareholders. The company's upcoming Capital Markets Day in London on November 21, 2024, will provide insights into its future strategy and business outlook.
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