Technip Energies reports a 31% rise in net profit driven by LNG and decarbonised electricity
In 2024, Technip Energies posted a significant increase in net profit, supported by liquefied natural gas (LNG) markets and decarbonised electricity production. The French group anticipates strong prospects for 2025.
| Sectors | Gas, Carbon, Carbon Capture, LNG, Heat Networks |
|---|---|
| Themes | Markets & Finance, Results |
| Companies | Technip Energies |
| Countries | France, United Kingdom |
Technip Energies has confirmed the strength of its financial outlook after a 2024 marked by a significant increase in net profit and revenue. The French engineering and services group reported a net profit of €390.7 million, up 31% compared to the previous year. Its revenue reached €6.7 billion, a 12% increase. On an adjusted basis, net profit stood at €390.3 million, with revenue rising to €6.85 billion, marking the upper end of its forecasts.
Strong commercial performance
Arnaud Pieton, CEO of Technip Energies, praised the group’s exceptional results, highlighting that 2024 had been a particularly dynamic year, with the order book reaching nearly €20 billion. The performance was bolstered by commercial successes in the LNG and decarbonised electricity production sectors, with more than €10 billion in new orders. These results reflect the resilience and growth prospects of the company, driven by large-scale contracts in these strategic areas.
Goals for 2025
For 2025, Technip Energies is maintaining its financial outlook, aiming for an adjusted revenue of €5.0 to €5.4 billion for its “Project Delivery” division, and €2.0 to €2.2 billion for its “Technology, Products and Services” (TPS) division. The group also anticipates an adjusted recurring EBITDA margin of around 8% for the first division and 13.5% for the second. According to Arnaud Pieton, these two segments are crucial for the group’s growth in the coming months, particularly due to numerous opportunities in LNG and decarbonisation.
Strategic contracts and CCS technology
In addition, Technip Energies secured a major contract worth over €1 billion for the “Net Zero Teesside Power” project in the United Kingdom. This project, which involves the construction of the first gas power plant equipped with a carbon capture and storage (CCS) system, reinforces the group’s leadership position in this key technology for industrial decarbonisation.
