Earnings release
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TECHNIP TEN ENERGIES - - H1 2021 Results Release Paris , Thursday 22 , July 2021 TECHNIP ENERGIES H1 2021 FINANCIAL RESULTS First half Adjusted Revenue growth of 8 % year - over - year Adjusted Recurring EBIT Margin of 6.3 % ; margin guidance raised to 5.8 % -6.2 % Adjusted Order Intake of € 7.9 billion year - to - date ; Adjusted Backlog of € 17.5 billion Successful € 600 million inaugural senior unsecured notes offering due 2028 Paris , Thursday 22 , July 2021 - Technip Energies ( the " Company " ) , a leading Engineering & Technology company for the Energy Transition , today announces its first half unaudited 2021 financial results . Arnaud Pieton , CEO of Technip Energies , on H1 2021 results and FY 2021 outlook : " We are committed to delivering consistent and predictable operational and financial performance . Buoyed by double digit year - over - year growth in the second quarter , our first half revenue performance reinforces our revenue outlook for the full - year . Operational execution across our portfolio of projects continues to be strong and we have made good progress in reducing indirect costs . This is evidenced by first half margins exceeding the top - end of the guided range for 2021 - as a result , we are raising full year margin guidance . " " Year to date Order Intake of € 7.9 billion has largely consisted of Energy Transition related work , including LNG . This has driven a substantial improvement in backlog and provides us with excellent , multi - year visibility . The new projects pipeline continues to be strong , giving us potential for selective additions to our backlog in the coming quarters . We see continued book - to - bill momentum in Technology , Products & Services - consistent with our strategy to deliver growth from this segment . " " We are shaping our future across the Energy Transition- both Decarbonization and Carbon - free solutions . We launched Blue H2 by T.EN ™ , a leading suite of cost - efficient , low - carbon hydrogen solutions — with strong customer interest . In addition , we secured promising work in the related areas of blue ammonia and green hydrogen . We strengthened our offshore wind positioning with Inocean floater technology and the creation of a dedicated business unit . Finally , in Sustainable Chemistry , we received notable technology and services awards in the growing domain of sustainable aviation fuel . " “ ESG enthusiasm is resonating throughout the Company with significant engagement with our people and external stakeholders to frame our priorities . This represents a key milestone in our sustainability roadmap , to be delivered early 2022 " . Key financials - Adjusted IFRS ( In € millions ) Revenue Recurring EBIT Recurring EBIT Margin Net profit¹ Diluted earnings per share² Order Intake Backlog H1 2021 3,243.2 204.5 6.3 % 100.3 0.55 7,863.4 17,473.4 H1 2020 3,011.1 164.2 5.5 % 128.0 0.71 1,162.1 13,214.4 Financial information is presented under an adjusted IFRS framework , which records Technip Energies ' proportionate share of equity affiliates and restates the share related to non - controlling interests ( see Appendix 9.0 ) , and excludes restructuring expenses , merger and integration costs , and litigation costs . Reconciliation of IFRS to non - IFRS financial measures are provided in Appendix 1.0 , 2.0 , 3.0 . 2 Net profit attributable to Technip Energies Group . H12020 Net profit benefited from favourable litigation settlement of € 102.9 million . H1 2021 diluted earnings per share has been calculated using the weighted average number of outstanding shares of 181,908,563 . 1