22 Jul 2021

Q2: margin improvement

- Kevin VO
- 3 pages

Good release with an EBIT margin improving qoq from 5.9% to 6.7% (at €114m for Q2) and leading to an increase in the FY guidance (EBIT margin from 5.5-6% to 5.8-6.2%). Awards received during the quarter are rather low at €1.4bn (against revenue of €1.7bn) but that was to be expected after the Qatar LNG award received in Q1.

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Q2: margin improvement

Technip Energies NV (TE:PAR) | 0 0 0.0%

Published: 22 Jul 2021
Author: Kevin VO
Pages: 3

Good release with an EBIT margin improving qoq from 5.9% to 6.7% (at €114m for Q2) and leading to an increase in the FY guidance (EBIT margin from 5.5-6% to 5.8-6.2%). Awards received during the quarter are rather low at €1.4bn (against revenue of €1.7bn) but that was to be expected after the Qatar LNG award received in Q1.