Technip Energies booked higher-than-consensus results, except for the revenues that were impacted by lower activity in the Arctic LNG 2 project. The net profit however recorded an impressive increase of 27%. beating estimates by 12%. On the back of these impressive results, Technip Energies also raised the dividend by 16% to €0.52 in FY23. With the strong momentum in the LNG market and double-digit growth in transition contracts, we remain positive on the company’s medium-term prospects.
