Technip Energies, France's Technip Energys, misses its Q4 profit target and announces a buyback
The French energy infrastructure company, Technip?Energies, reported a quarterly adjusted core profit that was below the market expectations. However, it announced a higher dividend and a 150 million euro share buyback program.
The company's adjusted recurring earnings (EBITDA), which is a measure of earnings before interest, tax, depreciation, and amortization, reached 159.9 millions euros ($188.8million) during the third quarter. The company's adjusted recurring earnings before interest, taxes, depreciation and amortisation (EBITDA) for the quarter were 159.9 million euros ($188.8 million). This was lower than the 167 millions euros analysts expected in a company-compiled survey.
Technip Energys has proposed a dividend per share of 1 euro, up from 0.85 euros last year.
Bruno Vibert, CFO, said in a media call that the engineering group was working on 12?millions of euros worth of orders. This is on top 16 million euros it has accumulated. In a press statement, CEO Arnaud Piéton stated that the company expects its largest annual order intake ever in 2026.
In 2025, the adjusted order intake was 4,64 billion euros, a drop of almost 54% compared to 10 billion euros in 2010.
The group signed several big deals in this year. These include a contract with Commonwealth LNG to build a?project' in the U.S., and the acquisition of the Advanced Materials & Catalysts division of a U.S. chemicals group Ecovyst.
UBS expects "only modest momentum" for Technip Energies in 2026.
The segment TPS, which is related to spending on energy transition, has achieved revenues of 1.82 billion euro, at the lower end of the 1.8 billion to 2.22 billion euro range.
The group expects TPS revenues of between?2 billion and?2.2 billion euros in 2026. The group's other segment, Project Delivery, is expected fall between 6.3 billion and 6.7 bn euros. (1 dollar = 0.8470 euro) (Reporting and editing by Vera Dvorakova in Gdansk, Lucie Barbier)
(source: Reuters)
