Technip Energie reports robust financial results for the first half of 2024.
The Group benefits from positive momentum, thanks in particular to a significant increase in order intake and sales.
This performance puts Technip Energies in a good position to achieve its annual targets, despite an uncertain global economic environment.
Outstanding Financial Performance
Technip Energies reported a 46% increase in net income to €186.4 million for the first half of the year.
Sales rose by 7% to 3 billion euros.
Adjusting for these figures, net income rose by 50% to 188 million euros, and sales grew by 11% to 3.2 billion euros.
This growth is attributed to increased demand for the Group’s services and efficient management of operations.
Order dynamics and outlook
The Group reports “strong momentum” in order intake, with an adjusted total of €4 billion.
This growth is mainly due to new low-carbon liquefied natural gas (LNG) installations and the success of the Technip Energies (TPS) division.
The adjusted backlog now stands at 17 billion euros, underlining the effectiveness of the commercial strategy and the robustness of demand in the sector.
Confirmed Annual Objectives
For the current year, Technip Energies forecasts sales of between €6.1 and €6.6 billion.
Recurring EBIT margin should be between 7.0 and 7.5%.
These forecasts are underpinned by a solid first-half performance and a favorable market outlook.
Arnaud Pieton, the Group’s Chief Executive Officer, expresses his confidence in Technip Energies’ ability to achieve these objectives thanks to the quality of its execution and the positive evolution of its order book.
Sector Analysis
Technip Energies’ strong performance is in line with a growth trend in the energy sector, particularly in low-emission technologies and energy infrastructure services.
Growing demand for sustainable and efficient energy solutions is contributing to the Group’s solid results.
At the same time, the global market is moving towards greener practices, offering additional opportunities for companies like Technip Energies.
Technip Energies’ performance in the first half of 2024 demonstrates the robustness of its strategy and its ability to meet the growing demands of the global energy market.
With solid financial results and a promising outlook for the remainder of the year, the Group is well positioned to continue to grow and strengthen in a rapidly changing sector.
