Technip Energies
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Technip Energies Announces Launch of Share Buy-Back Program
Globenewswire· 2025-05-12 05:00
Core Viewpoint - Technip Energies has announced a share buy-back program of up to €45 million to fulfill obligations under equity compensation plans, with a maximum of 1.5 million shares to be acquired by December 31, 2025 [1][3]. Group 1: Share Buy-back Program Details - The program was approved by the Company's Board of Directors and will comply with the Market Abuse Regulation [2]. - The authorization allows the Company to repurchase up to 10% of its issued share capital over 18 months, with share prices ranging from the nominal value to 110% of the market price [3]. - As of April 30, 2025, the Company held 1,695,974 treasury shares, representing 0.95% of its issued share capital, for equity compensation obligations [4]. Group 2: Execution and Compliance - A broker has been appointed to execute the buy-back program, making independent decisions regarding the timing and volume of repurchases [5]. - The maximum price for repurchased shares will be based on the last independent trade or the highest current independent purchase bid on Euronext Paris [6]. - The actual timing, number, and value of shares repurchased will depend on market conditions and legal requirements, with the allocated €45 million excluding ancillary costs [7]. Group 3: Reporting and Transparency - The Company will issue press releases to disclose share repurchases and will publish transactions on its website [8].
Voting results of the 2025 Annual General Meeting of Technip Energies
Globenewswire· 2025-05-06 16:00
Group 1 - The company Technip Energies announced that all resolutions submitted for shareholders' approval at the 2025 annual general meeting were adopted [1] - Shareholders approved all resolutions with over 83% of the votes, including the adoption of the 2024 financial statements and a proposed dividend of EUR 0.85 per outstanding ordinary share for the 2024 financial year [2] - The 2024 Remuneration Report was adopted with 88.73% of votes in favor [2] Group 2 - The company generated revenues of €6.9 billion in 2024 and is listed on Euronext Paris [4] - Technip Energies has over 17,000 employees across 34 countries, focusing on bridging prosperity with sustainability [4] - The company specializes in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management, contributing to critical markets such as energy and decarbonization [3]
Voting results of the 2025 Annual General Meeting of Technip Energies
GlobeNewswire News Room· 2025-05-06 16:00
Group 1 - The company Technip Energies announced that all resolutions submitted for shareholder approval at the 2025 annual general meeting were adopted [1] - Shareholders approved all resolutions with over 83% of the votes, including the adoption of the 2024 financial statements and a proposed dividend of EUR 0.85 per outstanding ordinary share for the 2024 financial year [2] - The 2024 Remuneration Report was adopted with 88.73% of votes in favor [2] Group 2 - Technip Energies is a global technology and engineering powerhouse with leadership positions in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management [3] - The company generated revenues of €6.9 billion in 2024 and is listed on Euronext Paris [4] - Technip Energies employs over 17,000 people across 34 countries, committed to bridging prosperity with sustainability [4]
Technip Energies First Quarter 2025 Financial Results
Globenewswire· 2025-04-30 05:30
Core Insights - Technip Energies reported a strong start to 2025 with a 22% year-over-year growth in revenues and a 19% increase in EBITDA, reflecting the quality of order intake and execution focus [3][5][21] - The company confirmed its 2025 guidance with updated revenue ranges for its segments, indicating robust commercial momentum across key markets [5][9] - Technip Energies has a strong backlog of €18.2 billion, providing extensive revenue coverage and enabling cash returns to shareholders [3][17][49] Financial Performance - Q1 2025 adjusted revenue reached €1.85 billion, up from €1.52 billion in Q1 2024, while recurring EBITDA increased to €162 million from €137 million [4][21] - The adjusted recurring EBITDA margin slightly decreased to 8.7% from 9.0% year-over-year, reflecting a re-balancing in the project portfolio [6][21] - Net profit for Q1 2025 was €100.9 million, compared to €90.1 million in Q1 2024, with diluted earnings per share rising to €0.56 from €0.50 [6][8] Segment Performance - Project Delivery segment revenue grew by 34% year-over-year to €1.40 billion, driven by high activity in LNG projects [22][23] - Technology, Products & Services segment revenue decreased by 5% to €450.4 million, but recurring EBITDA increased by 8% to €65.3 million, benefiting from technology licensing [32][33] - The company has a commercial pipeline of over €70 billion in opportunities, well-diversified by geography and market [3][5] Strategic Initiatives - Technip Energies is actively engaged in strategic initiatives, including a digital acceleration plan expected to generate €100 million in annualized cost savings beyond 2028 [3] - The company was awarded a major contract for the world's largest low-carbon ammonia production facility in the U.S., showcasing its capabilities in modularization and large-scale facility delivery [3][30] - A new office and Research & Innovation Center were opened in India to enhance Technip Energies' presence and deliver innovative energy solutions [43] Operational Highlights - Key operational milestones include progress on various LNG projects in Qatar, Oman, and the UAE, as well as the commencement of pre-commissioning activities in Egypt [25][26][28] - The company secured a Front-End Engineering Design contract for a new Combined Cycle Gas Turbine power station with Carbon Capture in the UK, highlighting its commitment to decarbonization [30][31]
Technip Energies awarded a significant engineering contract for the North Field Production Sustainability Offshore Compression Project in Qatar
Globenewswire· 2025-04-28 16:00
Group 1 - Technip Energies has been awarded a Detailed Engineering Design contract by Larsen & Toubro Limited for the North Field Production Sustainability Offshore Compression Project of QatarEnergy LNG [1][2] - The contract involves the design of two offshore compression complexes, including large offshore platforms and associated structures [2] - The contract is classified as "significant," representing revenue between €50 million and €250 million, recorded in Q1 2025 [3] Group 2 - Technip Energies is a global technology and engineering company with expertise in LNG, hydrogen, and sustainable chemistry [4] - The company generated revenues of €6.9 billion in 2024 and operates in 34 countries with over 17,000 employees [5]