TechnipFMC: Q3 net income up 13.1%

(CercleFinance.com) - TechnipFMC has published Q3 net income which is up 13.
1% at 136.9 million dollars and adjusted Ebitda that is up 19.7% at 430.5 million dollars, meaning a margin that is down 74 basis points at 13.7%.

The overall revenue of the oil services group fell 24.1% to 3,143.8 million dollars, while orders rose 48.1% to 3.6 billion dollars, bringing its order backlog to close to 15.2 billion dollars.

TechnipFMC announced new forecasts for 2018, which reflect the strength of its operating performance in onshore/offshore, as well as the revision in the market prospects for surface technologies".


Copyright (c) 2018 CercleFinance.com. All rights reserved.