Brief: Technip Energies Cuts Outlook 2026

Technip Energies NV

30/04/2026 06:59

April 30 (Reuters) - Technip Energies NV TE.PA:

Q1 ADJUSTED REVENUE EUR 1.78 BILLION (COMPANY-COMPILED CONSENSUS: EUR 1.89 BILLION)

Q1 ADJUSTED RECURRING EBITDA EUR 148.8 MILLION (CONSENSUS: EUR 168 MILLION)

Q1 ADJUSTED ORDER INTAKE EUR 6.05 BILLION (CONSENSUS: EUR 6.02 BILLION)

MIDDLE EAST: SOME WORKSITES EXPERIENCED TEMPORARY STOPPAGES, FOLLOWED BY PHASED RESUMPTIONS UNDER ENHANCED SAFETY PROTOCOLS; CURRENTLY, SITES ARE NEARING FULL MOBILIZATION

Q1 ADJUSTED NET PROFIT EUR 84.5 MILLION (CONSENSUS: EUR 107 MILLION)

OUTLOOK 2026 CUT: PROJECT DELIVERY REVENUE EXPECTED BETWEEN EUR 5.7 BILLION AND EUR 6.3 BILLION VERSUS EUR 6.3-6.7 BILLION PREVIOUSLY

MIDDLE EAST: PROGRESS OF PROJECT EXECUTION AFFECTED BY SITE DISRUPTIONS AND LOGISTICAL CHALLENGES; INCREMENTAL COSTS ARE BEING INCURRED FOR SAFETY AND BUSINESS CONTINUITY

OUTLOOK 2026 CUT: PROJECT DELIVERY RECURRING EBITDA MARGIN EXPECTED BETWEEN 6.5% AND 7.5% VERSUS AROUND 8% PREVIOUSLY

OUTLOOK 2026 CUT: TECHNOLOGY, PRODUCTS AND SERVICES REVENUE EXPECTED BETWEEN EUR 1.9 BILLION AND EUR 2.2 BILLION VERSUS EUR 2.0-2.2 BILLION PREVIOUSLY

Source text: ID:nGNEDBP3Q

Further company coverage: TE.PA

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