Q1 2025 Technip Energies NV Earnings Call Transcript
Key Points
- Technip Energies NV (THNPF) reported a significant year-over-year growth of 22% in revenues and 19% in EBITDA for Q1 2025.
- The company confirmed its 2025 group guidance with solid revenue growth and unchanged segment EBITDA margins.
- Project delivery segment posted robust growth with a 34% increase in revenues and a 28% rise in EBITDA.
- Technip Energies NV (THNPF) secured a major contract in the US for the world's largest blue ammonia plant, enhancing its project delivery order intake.
- The company's backlog at the end of the period stood at EUR18.2 billion, equivalent to 2.7 times its 2024 revenues, indicating strong business sustainability.
- Revenues for the Technology Products and Services (TPS) segment were slightly lower year-over-year by 5%, despite an 8% improvement in EBITDA.
- The macroeconomic environment and policy uncertainties have led to a widened revenue range for the shorter-cycle TPS segment.
- Corporate costs were higher than the prior run rate due to supplemental French social charges on long-term incentive plans.
- The backlog was adversely impacted by EUR231 million due to foreign exchange fluctuations.
- There is a noted slowdown in Technology and Products (T&P) within the TPS segment, particularly in ethylene and carbon capture projects.
Good afternoon. This is the conference operator. Welcome and thank you for joining the Technip Energies first-quarter 2025 financial results conference call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Phillip Lindsay, Head of Investor Relations. Please go ahead, sir.
Thank you, Sabrina. Hello, and welcome to Technip Energiesâ financial results for first quarter of 2025. On the call today, our CEO, Arnaud Pieton, will discuss our Q1 performance and business highlights. This will be followed by our CFO, Bruno Vibert, who will share more details on our financials. Arnaud will then come back to conclude before opening for questions.
Before we start, I would urge you to take note of the forward-looking statements on Slide 3.
I will now pass the call over to Arnaud.
Thank you, Phil and welcome
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