Technip Guidance for 2016 is EUR 960 Mln of Ebit (EUR 680 in Subsea + EUR 280 Mln in On/Off-Shore) to compare with EUR 1’069 Mln in 2015. Company expects World Oil Production to be similar in 2017 from 2016, decreasing from 2018 over 2019-2021 period Subsea Ebit Margin reached 14.6% in Q2 2016 while On/Off-Shore Ebit Margin was 5% - Technip Order Book was EUR 13.5 Bln by end of H1 2016 (from EUR 17.5 Bln at end of 2015 and EUR 21 Bln at end of 2014 !). Order Intake was EUR +2.5 Bln in H1 2016 Co ....
20 Sep 2016
Time to turn positive on Oil Services
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Time to turn positive on Oil Services
Technip Guidance for 2016 is EUR 960 Mln of Ebit (EUR 680 in Subsea + EUR 280 Mln in On/Off-Shore) to compare with EUR 1’069 Mln in 2015. Company expects World Oil Production to be similar in 2017 from 2016, decreasing from 2018 over 2019-2021 period Subsea Ebit Margin reached 14.6% in Q2 2016 while On/Off-Shore Ebit Margin was 5% - Technip Order Book was EUR 13.5 Bln by end of H1 2016 (from EUR 17.5 Bln at end of 2015 and EUR 21 Bln at end of 2014 !). Order Intake was EUR +2.5 Bln in H1 2016 Co ....