Technip Energies N.V.

TE

Equity

ISIN NL0014559478 / Valor 59828458

Euronext - Euronext Paris (2024-12-23)

EUR 25.20-0.71%

Technip Energies N.V.
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Technip Energies N.V. is a leading global engineering and technology company that focuses on providing innovative solutions to clients in the energy sector. The company leverages its core capabilities to meet changing client needs and help them succeed in their energy transition journey. With a strong emphasis on engineering and technology, Technip Energies N.V. offers a wide range of services and solutions to support clients in their efforts to adapt to the evolving energy landscape.

Summarized from source with an LLMView SourceSector: Energy

Revenue Growth

Technip Energies N.V. reported a revenue of €3.2 billion for the first half of 2024, marking a significant increase from the €2.8 billion reported in the same period of 2023. This growth was primarily driven by the ramp-up of LNG projects in Qatar.

Net Profit Increase

The company achieved a net profit of €227 million in H1 2024, a substantial rise compared to the €125 million recorded in H1 2023. This improvement reflects strong operational performance and effective cost management.

Order Intake

Technip Energies N.V. secured an order intake of €4.0 billion in the first half of 2024, up from €2.6 billion in H1 2023. This increase was fueled by key LNG awards and sustained momentum in Technology, Products & Services (TPS) orders.

Free Cash Flow

The company generated a free cash flow of €241 million, excluding working capital impact, in H1 2024. This represents a significant improvement from the €179 million reported in H1 2023, highlighting strong cash flow generation capabilities.

Backlog Growth

Technip Energies N.V.'s backlog grew by 8% year-to-date, reaching €15.7 billion by the end of H1 2024. This growth was driven by key LNG project awards, providing multi-year visibility and supporting future revenue streams.

Summarized from source with an LLMView Source

Key figures

15.8%1Y

101%3Y

%5Y

Performance

31.7%1Y

38.0%3Y

38.4%5Y

Volatility