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FTI TechnipFMC News Story

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EnergyBalancedLarge CapHigh Flyer

Technip Energies rises on dividend hike, buyback

** Shares in Technip Energies TE.PA rise 2.6% after the French energy infrastructure company announced a dividend hike and a 150 million euro buyback

** The group upgraded its dividend by 18% to 1 euro per share which, together with the buyback, offsets the quarterly EBITDA miss, J.P.Morgan and Jefferies say

** Technip's Q4 EBITDA reached 159.9 million euros ($188.92 million), missing the 167 million euros expected by analysts in a company-compiled consensus

** RBC points out the dividend increase reflects Technip's "strong" free cash flow (FCF)

** The broker also highlights the company's order intake and pipeline

** Recent order awards drive strong medium-term outlook and continued revenue and FCF despite the liquefied natural gas (LNG) project pipeline looking slightly leaner than in previous year, RBC adds

** Including today's rise, the share is up around 12% YTD

($1 = 0.8464 euros)

 (Reporting by Vera Dvorakova)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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