Technip Energies : Half-year EPS increase

(CercleFinance.com) - For the first half of 2024 (adjusted), Technip Energies reported EPS up 49% to 1.
04 euros, despite a recurring EBIT margin down 0.1 points to 7.2%, on sales up 11% to 3.16 billion euros.

Its CEO Arnaud Pieton points to 'the positive trend in the order book and, more generally, strong demand for its service offerings', with in particular a rise of around 15% in orders in its TPS (technology, products and services) business.

The engineering company for the energy sector confirms its targets for the full year 2024 of double-digit EPS growth, a recurring EBIT margin of between 7 and 7.5%, and sales of between 6.1 and 6.6 billion euros.

Copyright (c) 2024 CercleFinance.com. All rights reserved.