Shares in Technip Energies fall on 'mixed' Q1 results

Technip Energies NV

30/04/2025 08:23

** Shares in Technip Energies TE.PA are down 7.2% after the group posted mixed Q1 results

** Bernstein says Technip Energies Q1 results is a "mixed bag"

** Bernstein adds that Q1 performance in the technology, products and services (TPS) segment is "very disappointing"

** The group posted Q1 TPS revenue at 450 million euros  ($512.42 million), below analysts expectations of 522 million euros

** "The overall performance appears globally OK - except at net income level," the broker adds

** Q1 net profit came in at 101 million euros, below analysts expectations of 109 million euros

** The group widened 2025 revenue guidance in its TPS segment to between 1.8 billion and 2.2 billion euros vs previous guidance of between 2.0 billion and 2.2 billion euros

** If losses hold, shares are on track for their worst day since October 2023

($1 = 0.8782 euros)

 (Reporting by Anna Peverieri)

 ((anna.peverieri@thomsonreuetrs.com))