Earnings release
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TECHNIP T.EN ENERGIES 9M 2021 Results Release Paris , Thursday , 21 October 2021 TECHNIP ENERGIES FINANCIAL RESULTS FOR THE FIRST NINE - - - MONTHS OF 2021 9M Adj . Revenue growth of 11 % Y / Y ; Adj . recurring EBIT margin 6.3 % Updated guidance : Adj . Revenue € 6.5 - 6.8bn ; Adj . recurring EBIT margin at least 6 % Free cash flow of € 778m for first nine months ; € 439m in third quarter Strategic energy transition positioning while delivering today's energy market needs Further diversification of shareholder base ; HAL Investments acquiring a 9.9 % stake Paris , Thursday 21 , October 2021 - Technip Energies ( the " Company " ) , a leading Engineering & Technology company for the Energy Transition , today announces its unaudited financial results for the first nine months of 2021 . Arnaud Pieton , CEO of Technip Energies , on 9M 2021 results and FY 2021 outlook : " Third quarter revenues confirm a strong year - to - date trajectory , where , despite the ongoing logistical and pandemic - related challenges , we continued to reach notable milestones , including first module deliveries on Arctic LNG2 . Overall , we achieved double - digit revenue growth over the prior year , while delivering resilient margins and robust free cash flows " . " Recent volatility in global commodity markets highlights the need for continued investment in the cleanest traditional fuels , while alternative energy sources are being developed and scaled . Orders in the third quarter consisted mostly of services and studies , notably in the decarbonization domain . Furthermore , we observe growing customer confidence to sanction projects , which should drive continued momentum in 2022 " . " Technip Energies is a trusted partner for technology development , scale - up and integration . We collaborate with our clients to deliver decarbonization and help achieve their net - zero goals . In the third quarter we established several strategic partnerships to develop intellectual property for low- carbon solutions and to drive Energy Transition in key regions for the company . These will deliver business opportunities in the coming years . " " Recent customer engagement confirms that our four - pillar strategy - consisting of LNG , decarbonization , sustainable chemistry and carbon - free energy solutions - is very well aligned with current and future energy market trends . We believe that our technical differentiation and front - end engagement strategy will allow us to selectively capture those opportunities that will consistently deliver strong financial results to our shareholders in the medium - to - long term " . Key financials - Adjusted IFRS ( In € millions ) Revenue Recurring EBIT Recurring EBIT Margin % Net profit¹ Diluted earnings per share² Order Intake Backlog 9M 2021 4,909.9 307.5 6.3 % 159.7 0.88 8,404.1 16,464.2 9M 2020 4,414.5 246.4 5.6 % 146.3 0.81 1,576.5 11,681.4 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 . 1 Net profit attributable to Technip Energies Group . 9M 2020 Net profit benefited from favorable litigation settlement of € 102.9 million . 29M 2021 diluted earnings per share has been calculated using the weighted average number of outstanding shares of 181,903,344 . 1