France · Delayed Price · Currency is EUR Technip Energies Earnings Call Transcripts
Fiscal Year 2026
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Nine-month revenue grew 3% YoY to €5.6B, with Q3 EBITDA at a record and margin recovery to 8.9%. More than €14B of orders lifted backlog to €24.5B, while full-year guidance was confirmed amid contained Middle East impacts.
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H1 2026 saw stable revenues but a sharp EBITDA decline due to Middle East disruptions, while record order intake and backlog support a strong medium-term outlook. Project Delivery margins were cut, but robust cash flow, capital returns, and diversification underpin confidence in recovery from 2027.
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Q1 2026 saw resilient performance with revenue and EBITDA declines limited by strong cash generation and record order intake, despite Middle East disruptions. Backlog reached over EUR 20 billion, and guidance was updated to reflect deferred revenue and ongoing risks.
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 14% revenue growth, record earnings, and over €10 billion in order intake, driving backlog to nearly €20 billion. A near 50% dividend increase is proposed, with strong guidance and robust market outlook supported by LNG and decarbonization trends.
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A technology-driven strategy targets strong growth in both traditional and emerging energy markets, with revenue expected to reach EUR 8.6 billion and EBITDA over EUR 800 million by 2028. Capital allocation prioritizes dividends and technology investments, while new business models like Reju and digital transformation drive future value.
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Revenue grew 13% year-over-year to EUR 5 billion, with EPS up 35% and strong cash flow. Upgraded 2024 revenue guidance to EUR 6.5–6.8 billion, expecting double-digit growth to continue in 2025. Major project wins and a robust backlog support a positive outlook.
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Double-digit revenue and net profit growth in H1 2024 were driven by strong project delivery and TPS performance, with a robust €17 billion backlog and major low-carbon LNG awards. Continued investment in innovation and sustainability supports a positive outlook and margin expansion.