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Technip Energies raises forecast after 22% revenue surge

Technip Energies posted a double-digit growth in Q1 2025, supported by a record order backlog of €18.2bn ($19.46bn), despite regulatory uncertainties in the United States.

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Technip Energies reported a 22% increase in revenue for the first quarter of 2025, reaching €1.85bn ($1.98bn), while recurring earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 19% to €162mn ($173mn). This performance reflects strong momentum for the French engineering and energy services group, buoyed by a historically high order book.

Strong growth in order backlog

The company’s order backlog stood at €18.2bn ($19.46bn) as of 31 March, up from €15bn ($16.04bn) a year earlier. According to Chief Executive Officer Arnaud Pieton, project execution is now the company’s top operational priority, with several key deliveries expected in the coming quarters. Major contracts secured in 2023 and 2024 are also continuing to ramp up.

With improved visibility, Technip Energies raised its 2025 guidance for the “project delivery” segment – its longer-cycle business – to between €5.2bn ($5.56bn) and €5.6bn ($5.99bn), compared with a previous range of €5bn to €5.4bn. This adjustment reflects greater operational stability in the segment.

Short-cycle operations facing headwinds

Conversely, the company revised its guidance downwards for the technology, products and services (TPS) segment, which is more exposed to short-cycle fluctuations. The new range is now between €1.8bn ($1.97bn) and €2.2bn ($2.35bn), down from the previous €2bn to €2.2bn estimate. The group cited macroeconomic conditions and regulatory uncertainty, particularly in North America.

Chief Financial Officer Bruno Vibert noted that delayed investment decisions in the United States are impacting this business segment faster than long-cycle projects. He identified the Americas as the region most affected by the recent introduction of tariff-related uncertainty.

Focus on digital efficiency

In parallel with its commercial momentum, Technip Energies is advancing its strategic transformation initiatives. The ongoing digital acceleration plan aims to generate annual savings of €100mn ($107mn) from 2028. This approach is intended to strengthen long-term operational margins and competitiveness.

“As we began 2025 with a record order backlog, execution remains our top priority,” said Arnaud Pieton. The group is relying on the completion of major projects and the optimisation of its digital platforms to support continued growth.

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