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.

Partagez:

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.

The US investment fund Ares Management enters Plenitude's capital by acquiring a 20% stake from Eni, valuing the Italian company at 10 billion euros and reinforcing its integrated energy strategy.
ENGIE secures a contract to reduce Airbus' industrial emissions in France, Germany, and Spain, targeting an 85% decrease by 2030 through various local energy infrastructures.
Alain Rhéaume, Chairman of Boralex’s Board of Directors for eight years, will leave his position by December, following the appointment of his successor by the governance committee of the Canadian energy group.
Norwegian group Statkraft plans an annual cost reduction of NOK2.9bn ($292 million) by 2027, citing possible job cuts amid rising financial burdens and volatility in the European energy market.
EDF merges EDF Renouvelables and its International Division into EDF power solutions, led by Béatrice Buffon, to optimise its global 31 GW low-carbon energy portfolio and strengthen its international positioning.
TotalEnergies announces a strategic partnership with Mistral AI to establish a dedicated innovation laboratory integrating artificial intelligence tools aimed at enhancing industrial efficiency, research, and customer relations.
The Energy Transitions Commission warns of economic risks tied to growing protectionism around clean technologies, while calling for global consensus on carbon pricing.
Baker Hughes has reached an agreement to sell its precision sensor product line to Crane Company for $1.15bn, thereby refocusing its operations on core competencies in industrial and energy technologies.
American conglomerate American Electric Power sold 19.9% of two transmission subsidiaries to KKR and PSP Investments, raising $2.82bn to support its five-year $54bn investment plan.
The new mapping by Startup Nation Central identifies 165 active companies in Israel’s energy technologies, amid strong private funding and growing global market interest.
The new CEO of EDF, Bernard Fontana, aims to achieve €1 billion in operational cost savings for the French energy giant by 2030, prioritizing industrial contracts and the national nuclear sector.
CMS Energy Corporation has announced a cash tender offer for debt securities totalling $125 million, issued by Consumers Energy. The offer expires on July 3, 2025, with priority given to bonds submitted before June 17, 2025.
Vermilion Energy is exiting the U.S. market permanently by selling its assets for C$120mn ($87.88mn), refocusing its operations on Canada and Europe while reducing its debt and investment budget.
In 2024, Italian energy giant Eni paid approximately €8.4 billion to various global governments. These payments, primarily concentrated in Africa and Asia, reflect its commitments in the international energy sector.
The International Energy Agency projects a record-high global energy investment in 2025, driven by electricity and low-carbon technologies despite geopolitical and economic uncertainty.
The Czech regulatory authority launches an investigation into suspected collusion involving several major actors in the awarding of a thermal power plant, putting transparency of a strategic transaction for the energy sector at stake.
The Democratic Republic of Congo is set to replace its temporary ban on cobalt hydroxide exports with quotas, aiming to balance global demand, secure revenue, and stabilize market fluctuations.
European Energy secured EUR 145mn in financing from SEB and Swedbank to support wind, solar, and storage assets in Lithuania, reinforcing its regional expansion strategy.
Greenvolt Group finalised the sale of 28 solar and wind projects to Transiziona, valued at €195mn, bringing total asset sales to €530mn in 2025 as part of its pan-European strategy.
Royal Vopak’s Indian joint venture rose nearly 3% on its first trading day in Mumbai, reaching an implied valuation of €2.7bn ($2.93bn).