Technip Issues Third Quarter 2014 Results

Technip Issues Third Quarter 2014 Results

Order intake of €2.2 billion
Order intake of €2.2 billion
Revenue of €2.8 billion up 18%
Operating income from recurring activities1: Subsea €193 million and Onshore/Offshore €70 million
Net income of €158 million before, and €132 million after non-current items
OBJECTIVES UNCHANGED FOR 2014 AND 2015
Subsea 2014: Revenue between €4.6 and €4.9 billion, operating margin of at least 12%
Subsea 2015: Revenue well above €5 billion, operating margin between 15% and 17%
Onshore/Offshore 2014: Revenue between €5.55 and €5.80 billion, base case operating margin 5% to 6%
Onshore/Offshore 2015: Revenue around €6 billion with stable operating margin versus 2014
Thierry Pilenko, Chairman and CEO, commented: “The third quarter showed solid delivery against our objectives, with business won across our segments and geographies. We can report a quarter of sales and profit growth, strong order intake, momentum in our cost reduction and good cash generation.
Full Report: Third Quarter 2014 Results
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