Technip Energies Reports First Half Financial Results
Technip Energies N.V., a global engineering and construction company, reported its first-half financial results for the year. The firm recorded an earnings per share (EPS) of €0.54 compared to €1.07 in the same period last year. Revenue remained flat at €3.65 billion year-over-year, while net profit dropped significantly from €191 million to €95.9 million. Despite this decline, order intake surged dramatically to €12.73 billion versus €2.65 billion a year ago, and the company's backlog increased to €25.04 billion compared to €18.04 billion in 2023. The firm maintained its Project Delivery revenue guidance for the full year at between €5.7 billion and €6.3 billion but revised EBITDA expectations downward, signaling potential challenges ahead despite strong order intake figures.
Topics: Earnings EPS Financial Performance Revenue