EURONEXT-PAR$THNPY

Technip Energies N.V · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Technip Energies reported strong Q4 2024 results with revenue growth and increased net income.

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.

Headline financials

Total Revenue

€1.96B

Previous: €3.49B-43.9%
EPS (adj)

€2.24

Previous: €1.05+113.3%
Recurring EBIT

€139M

No prior period
Adjusted EBITDA

€169M

No prior period
Gross Margin

€246M

No prior period
Order Intake

€10B

No prior period
Backlog

€19.6B

No prior period
Free Cash Flow

€777M

No prior period
Net Income

€115M

Previous: €170M-32.4%
Operating Income

€130M

Previous: €261M-49.9%
Gross Profit

€256M

Previous: €506M-49.5%
Cash & Equivalents

€4.22B

No prior period
Total Assets

€9.76B

No prior period

Revenue & EPS history

Technip Energies · Revenue · Quarterly

€1.96B

Q4 2024-43.9%vs Q4 2023
Beat estimate in 1 of 1 quarters(100%)
ActualEstimate

Revenue by segment

Technip Energies · €1.88B total across 2 segments · Q4 2024

  • Project Delivery
    €1.36B
  • Technology & Services
    €522M

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.

Tailwinds

  • 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.

Headwinds

  • 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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 14 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.3%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+2.9%

Avg return

30 days after

20%

3 / 15 earnings

Positive

+8.3%

Q2 2023

Best reaction

-3.3%

Q1 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2024+0.0%+12.9%+17.2%
Q2 2024+0.0%+6.1%+11.3%
Q1 2024+0.0%+1.5%-6.6%
Q4 2023+0.0%+1.1%-10.0%
Q3 2023+0.0%-4.3%-11.1%
Q2 2023+8.3%+2.9%+6.5%
Q1 2023+0.0%+1.1%+3.9%
Q4 2022+0.0%+5.1%+21.5%
Q3 2022+0.4%+11.4%+15.9%
Q2 2022+0.0%-4.4%-8.0%
Q1 2022+0.0%-1.1%-0.2%
Q4 2021-1.1%+5.4%+12.2%
Q3 2021-0.1%+2.0%-1.9%
Q2 2021+0.3%-1.4%-2.7%
Q1 2021-3.3%-0.7%-4.8%
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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