Technip Energies Q4 2024 Earnings Report
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 Revenue
Technip Energies EPS
Technip Energies Revenue by Segment
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