Technip Energies walks on two legs: major projects and services. The engineer presented his new medium and long-term outlook on Thursday, November 21, and unveiled his strategy for the next four years, envisaging growth driven by its traditional activities linked to energy infrastructure as well as the progression of decarbonization markets.
The group expects to see the turnover of its Project Delivery segment to be between 5.0 and 5.4 billion euros in 2025, with an earnings before interest, taxes, depreciation and amortization margin ( Ebitda) of around 8%. The Technologies, Products and Services (TPS) segment is expected to see revenues of between €2.0 billion and €2.2 billion in 2025, with an Ebitda margin of around 13.5%.
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The growth of these two segments is supported by the amount of current contracts (backlog) and by attractive commercial opportunities, indicated the group’s management during a conference call. “Technip Energies’ commercial pipeline, which amounts to more than 75 billion euros until the end of 2026, is well balanced in terms of markets and geographic areas and promotes the development and diversification of its activities” , said the company in a press release.
Technip Energies, which revised its annual forecasts upwards last month, said it anticipates turnover in excess of 6.0 billion euros and an Ebitda margin of around 8.5% in its Delivery segment. project in 2028. The turnover of the TPS segment should be greater than 2.6 billion euros in 2028, with an Ebitda margin of around 14.5%, the group said.
The United States, a “pro-business” country
Asked about the position of the American president-elect, Donald Trump, regarding the energy transition, Arnaud Pieton, CEO of Technip Energies, considered that the United States was a “pro-business” country.
“I do not think that the United States will allow itself to fall behind in the field of energy transition, nor that it will let China take a lead that cannot be caught up. This is why I expect to what the next (American) administration wants to remain competitive in this sector,” he added.
Technip Energies forecasts cumulative free cash flow of between €2.2 billion and €2.6 billion for the period 2024-2028. The group also plans to distribute a dividend of a minimum of 25% to 35% of free cash flow, excluding changes in working capital requirements.
With Reuters, by Anna Peverieri
Source: www.usinenouvelle.com
