Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on TECHNIP SA. We currently have 14 research reports from 2 professional analysts.
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Research reports on
TechnipFMC: completion of merger on 16 January 2017
22 Dec 16
The High Court of Justice of England and Wales has approved the merger between Technip and TechnipFMC. FMC Technologies and a subsidiary of TechnipFMC will merge immediately after the merger between Technip and TechnipFMC on 16 January 2017.
Strong Q3 and upbeat outlook for 2017
27 Oct 16
Q3 results: order intake stood at €1.5bn, o/w €0.5bn in Subsea and €1.0bn in Onshore/Offshore. The backlog stood at €12.3bn (€17.5bn in Q3 15). The adjusted revenue came in at €2.9bn (-6% yoy), above consensus estimates. The operating profit was €285m (-3% yoy), beating consensus. The underlying net income was €203m (+10% yoy), also above consensus. Cost-cutting: €900m to be delivered in 2016, in line with previous guidance; the total programme is €1.0bn. The guidance 2016 on Subsea has been increased: - Subsea: adjusted revenues €5.0bn (vs. €4.7-5.0bn; consensus: €5.1bn), operating income at around €700m (vs. €680m; consensus at €692m); - Onshore/Offshore: adjusted revenues €5.7-6.0bn, a confirmation (consensus: €5.8bn), and operating income at €280m, in line with consensus. The outlook for 2017 has been released for the first time: - Subsea: roughly stable adjusted margins (consensus expected slightly lower), lower adjusted revenues; - Onshore/Offshore: higher adjusted profit and margins (consensus: lower profit and stable margins), slightly lower revenues.
Time to turn positive on Oil Services
20 Sep 16
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 Cost-Cutting current plan is EUR -1.1 Bln to be shared EUR -900 Mln in 2016 and EUR -200 Mln in 2017 (-7’000 people to leave Company over 2016-2017 period). Initial Plan was for EUR -600 Mln in 2016 and EUR -130 Mln in 2017 - Capex will be down to EUR 220 Mln this year (from EUR 300 Mln in 2015)
Operating income 2016 raised to higher end of range
28 Jul 16
Q2 results: order intake was €1.5bn, o/w €0.9bn in Subsea and €0.6bn in Onshore/Offshore. The backlog stood at €13.5bn (€18.8bn in Q2 15). The adjusted revenue came in at €2.8bn (-9% yoy), broadly in line with consensus estimates. The operating profit came in at €260m (-8% yoy), beating consensus. The underlying net income was €175m (-4% yoy), also above consensus (although the reported figure was slightly below). Cost-cutting: €900m to be delivered in 2016 (vs. previous guidance of €700m; the total programme is €1.0bn). The guidance on operating income 2016 has been increased: - Subsea: adjusted revenues €4.7-5.0bn (consensus: €5.1bn), operating income at around €680m (vs. €640-680m previously; consensus: €672m); - Onshore/Offshore: adjusted revenues €5.7-6.0bn (consensus: €5.8bn), operating income at €280m (vs. €240-280 previously; consensus: €264m).
19 Apr 17
We take a look at the supply and demand dynamics of the world’s largest diamonds. Less than 200 very large (>200 carat) gem quality diamonds have ever been found, yet 23 of these have been found in the past three years. This dramatic increase is being driven by a combination of the rapid increase in the number of billionaires and hence price and demand, combined with technological developments that have improved large diamond recovery and a certain amount of geological good luck.
Small Cap Breakfast
19 Apr 17
Global Ports Holding—Intention to float on Standard List. International cruise ports operator. Seeking $250m raise including $75m primary offer. Dorcaster—Schedule One Update. Admission now expected 3 May. RTO of Escape Hunt raising £14m at 135p Verditek— Intention to float on AIM. On Admission, the Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Raising £3.5m. Admission in May. Eddie Stobart Logistics— Schedule 1. Admission expected 25 April but capital raising details TBC. ADES International Holding— Intends to join the Standard List in May raising up to $170m plus a vendor sale. Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa. Admission expected in May. Tufton Oceanic Assets– Offer extended to 9 May to enable investors to complete further due diligence.