Technip Energies lifts project delivery revenue guidance for 2025

Technip Energies NV

30/04/2025 06:30

By Anna Peverieri

April 30 (Reuters) - French energy infrastructure company Technip Energies TE.PA upgraded annual revenue expectations for its project delivery segment on Wednesday, but widened annual revenue guidance in its technology, products and services division, citing macroeconomic uncertainties.

The group, which specialises in technology for the energy sector, raised the 2025 revenue forecast in its project delivery segment to between 5.2 billion and 5.6 billion euros ($6.37 billion) due to improved visibility, up from previous guidance of 5.0 billion to 5.4 billion euros.

However, in its technology, products and services segment the group now sees 2025 revenue of between 1.8 billion and 2.2 billion euros compared to its previous expectations of between 2.0 billion and 2.2 billion euros.

"As a result of the uncertainty surrounding policies and the macroeconomic environment, we have widened the revenue range for our shorter cycle segment - Technology, Products & Services," CEO Arnaud Pieton said in a statement.

The technology, products and services unit is more exposed to short-term volatility, Chief Financial Officer Bruno Vibert said on a media call.

“If there’s uncertainty and volatility, it’s always going to have a slightly greater impact on the TPS business than on the project business,” he said.

Adjusted recurring earnings before interest and tax rose 19% to 131.7 million euros on revenue of 1.85 billion euros in the first quarter, the company said.

        Analysts were expecting 126 million euros on revenue of 1.77 billion euros on average, according to a company-compiled consensus.

Asked about the impact of U.S. tariffs, Vibert said the company's ongoing projects were not affected, adding that its portfolio in the U.S. included mainly service contracts.

($1 = 0.8790 euros)

 (Reporting by Anna Peverieri; Editing by Nia Williams)

 ((Anna.Peverieri@thomsonreuters.com;))