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Dec 31, 2024
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Technip Energies Q4 2024 Earnings Report
Technip Energies reported strong Q4 2024 results with revenue growth and increased net income.
Key Takeaways
Technip Energies delivered solid Q4 2024 results with revenue of €1.88 billion, a 17.2% increase year-over-year. Net income grew to €110.4 million, and adjusted EBIT reached €139.1 million. The company secured significant contracts, including Net Zero Teesside Power and GranMorgu FPSO, reinforcing its leadership in energy and decarbonization projects.
Q4 2024 revenue increased 17.2% year-over-year to €1.88 billion.
Net income grew to €110.4 million from €86.7 million in Q4 2023.
Major contract wins, including Net Zero Teesside Power and GranMorgu FPSO.
Strong backlog of €19.6 billion, providing multi-year revenue visibility.
Technip Energies
Technip Energies
Technip Energies Revenue by Segment
Revenue by Segment
Project Delivery Revenue
CapyFin.comTechnology & Services Revenue
CapyFin.com Forward Guidance
Technip Energies reaffirmed its 2025 guidance, expecting revenue between €5.0-5.4 billion for Project Delivery and €2.0-2.2 billion for Technology, Products & Services.
Positive Outlook
- Strong backlog provides revenue visibility for the next three years.
- Growing opportunities in LNG and decarbonization projects.
- Recurring EBITDA margin expected at ~8% for Project Delivery and ~13.5% for Technology & Services.
- Increased dividend by 49% to €0.85 per share.
- Expansion into adjacent business models for long-term value creation.
Challenges Ahead
- Margins impacted by a higher proportion of early-phase projects.
- Global economic uncertainties could affect project execution timelines.
- Higher tax rate projected between 26-30%.
- Potential currency exchange fluctuations affecting financial performance.
- Continued investments in sustainability and technology may lead to higher capital expenditures.
Revenue & Expenses
Visualization of income flow from segment revenue to net income