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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.


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