Technip Energies: raises guidance for 2024

(CercleFinance.com) - The group reports strong sales growth of 13% y-o-y to E4,970.
8m for the first nine months.

Adjusted recurring EBIT margin is stable at 7.2% and diluted EPS is up 35% y-o-y at E1.55.

For the commercial business, adjusted sales rose by 17% y-o-y in the first nine months of 2024 to E3,495.5m.

The group benefited from a growing contribution from Qatar NFS and Qatar NFE, as well as increased offshore activity, partially offset by reduced activity in downstream projects nearing completion.

Adjusted order intake for the first nine months of 2024 totaled E4,814m, giving a backlog renewal ratio of 1.0.

The group announces an upward revision of its sales forecast for FY 2024 to E6.5bn-E6.8bn, compared with E6.1bn-E6.6bn previously. It is also targeting a recurring EBIT margin of 7.0%-7.5% and double-digit growth in diluted earnings per share.


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