France · Delayed Price · Currency is EUR Technip Energies Earnings Call Transcripts
Fiscal Year 2025
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Record revenue and EBITDA growth in 2025, driven by strong project delivery and TPS margin expansion. Major acquisition and new LNG contracts support robust outlook, with enhanced shareholder returns and a projected backlog high in 2026.
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Delivered 9% revenue and EBITDA growth year-over-year, confirmed full-year guidance, and maintained a strong backlog above €15 billion. TPS segment faced headwinds from lower CapEx and FX, but margin expansion and the AM&C acquisition are set to enhance future earnings.
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Double-digit revenue and EBITDA growth in H1 2025 was driven by strong LNG and decarbonization project activity, with a robust backlog and upgraded TPS margin guidance. Free cash flow and net cash position improved, supporting continued investment and shareholder returns.
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Q1 2025 saw 22% revenue and 19% EBITDA growth, with a record backlog and robust cash flow. Project Delivery outperformed, while TPS faced macro headwinds but maintained strong margins. Guidance was raised for Project Delivery and widened for TPS, reflecting improved visibility and ongoing market uncertainties.
Fiscal Year 2024
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2024 saw record revenue, earnings, and order intake, with backlog nearing €20 billion and a proposed 49% dividend increase. Strong cash flow and a robust balance sheet support ambitious growth and sustainability targets through 2028.
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Management outlined a strategy focused on technology-driven growth, expanding in both traditional and decarbonization markets, with revenue targeted to reach €8.6 billion and EBITDA over €800 million by 2028. Capital allocation will prioritize dividends and selective technology investments, while digital transformation and productization drive operational efficiency and margin expansion.
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Revenue grew 13% year-over-year to EUR 5 billion, with EPS up 35% and strong project delivery and TPS performance. Upgraded 2024 revenue guidance to EUR 6.5–6.8 billion, with robust backlog and major project wins supporting continued growth into 2025.
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Double-digit revenue and net profit growth in H1 2024, with major low-carbon LNG project wins and strong order momentum driving backlog to €17 billion. TPS and Project Delivery segments both grew, while innovation and sustainability initiatives advanced.