The energy engineering firm reports a 50% drop in net profit for 1H despite flat revenue and a surge in order intake.
Technip Energies posted a first-half net profit of €95.9M, down from €191.0M a year earlier, as earnings per share fell to €0.54 from €1.07. Revenue held steady at €3.65B, matching the prior-year period.
Order intake jumped to €12.73B from €2.65B, lifting the backlog to €25.04B from €18.04B. The company maintained its Project Delivery revenue guidance at €5.7B-€6.3B but did not reiterate its EBITDA outlook.
Shares showed limited reaction in early trading as investors digested the mixed performance.