Technip Energies drop as Middle East risks weighs on outlook

Technip Energies NV

30/04/2026 08:07

** Shares in Technip Energies TE.PA slump around 9% after the French engineering and technology company missed expectations and trimmed its outlook in relation to uncertainties in the Middle East and the closure of the Strait of Hormuz

** The company expects 2026 revenue at its Project Delivery division between 5.7 billion euros and 6.3 billion euros ($6.7 billion and $7.4 ​billion), down from a previous forecast of 6.3-6.7 billion ​euros.

** It also sees 2026 core profit margin of between 6.5% and 7.5% ​for the division, versus around 8% previously

** "The continued conflict in the Middle East adds uncertainty and near-term risk to earnings visibility," brokerage RBC say

** Revenue came in at 1.78 billion euros, a miss to the 1.88 billion euros expected by analysts

** Share on track for its worst day since October 2023, if losses hold

($1 = 0.8571 euros)

 (Reporting by Hugo Lhomedet)

 ((hugo.lhomedet@thomsonreuters.com))