TechnipFMC: Q3 sales resist despite crisis
(CercleFinance.com) - TechnipFMC has reported Q3 2020 results that included overall revenues of 3.
33 billion dollars, flat y-o-y.
The group's net loss reached 3.9 million dollars - or 0.01 dollar per share - it finally did much better than Q3 2019 (loss of 119.1 million dollars).
Adjusted EBITDA reached 321 million dollars, for an adjusted margin of 9.6%.
The group reports that it reached its cost-reduction target of over 350 million dollars ahead of schedule.
Finally, its order backlog resisted, at 19.6 billion dollars, including 9.4 billion dollars for 2021.
Copyright (c) 2020 CercleFinance.com. All rights reserved.