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]