Technip Energies: Q1 sales up 3%

(CercleFinance.com) - Technip Energies has announced its unaudited financial results for Q1 2022.


Q1 adjusted revenues increased 3% to 1.3 billion euros. Revenue benefited from continued operations at the Arctic LNG 2 project, which contributed 445.4 million euros to the quarter's revenue.

Adjusted recurring EBIT increased by 19% to 90.0 million euros, including a 22.2 million euro contribution from Arctic LNG 2. Its adjusted recurrent EBIT margin increased by 90 bp to 7.0%.

Adjusted order intake for the period amounted to 551.7 million euros, resulting in a backlog renewal ratio of 0.3. Adjusted backlog decreased by 12% year-on-year to 15,632.4 million euros, which is equivalent to 2.3x FY 2021 sales.


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