Technip Energies posts higher sales, profit

Technip Energies posts higher sales, profit

Company's net profit jumped by 10% and stood at €257.9 million during the nine month period

  • By ICN Group | October 25, 2021
Engineering & Technology company Technip Energies has posted 11% growth in revenue for nine months where by sales reached €4,909.9 as against €4,414.5 last year. Company's net profit jumped by 10% and stood at €257.9 million during the nine month period.
Arnaud Pieton, CEO of Technip Energies, on 9M 2021 results and FY 2021 outlook, “Third quarter revenues confirm a strong year-to-date trajectory, where, despite the ongoing logistical and pandemic-related challenges, we continued to reach notable milestones, including first module deliveries on Arctic LNG2. Overall, we achieved double-digit revenue growth over the prior year, while delivering resilient margins and robust free cash flows”.
“Recent volatility in global commodity markets highlights the need for continued investment in the cleanest traditional fuels, while alternative energy sources are being developed and scaled. Orders in the third quarter consisted mostly of services and studies, notably in the decarbonization domain. Furthermore, we observe growing customer confidence to sanction projects, which should drive continued momentum in 2022”.
“Technip Energies is a trusted partner for technology development, scale-up and integration. We collaborate with our clients to deliver decarbonization and help achieve their net-zero goals. In the third quarter we established several strategic partnerships to develop intellectual property for low-carbon solutions and to drive Energy Transition in key regions for the company. These will deliver business opportunities in the coming years.”
“Recent customer engagement confirms that our four-pillar strategy - consisting of LNG, decarbonization, sustainable chemistry and carbon-free energy solutions - is very well aligned with current and future energy market trends. We believe that our technical differentiation and front-end engagement strategy will allow us to selectively capture those opportunities that will consistently deliver strong financial results to our shareholders in the medium-to-long term.”

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