Year-Over-Year Revenue Growth
Technip Energies reported a 9% year-over-year increase in revenue, reaching EUR 5.4 billion, driven by strong activity levels across LNG and offshore projects.
Solid Free Cash Flow Conversion
The company maintained a robust free cash flow conversion rate from EBITDA at 87%, supporting mid-teens growth in free cash flow compared to last year.
Expansion in LNG and Modularization
Technip Energies strengthened its global leadership in LNG by securing a major contract in the U.S. for Commonwealth LNG using the SnapLNG solution.
Acquisition of Ecovyst's AM&C
The acquisition of Ecovyst's Advanced Materials & Catalysts is expected to be immediately accretive and enhance the company's TPS segment capabilities.
Strong EBITDA Performance
Recurring EBITDA rose by 9% year-over-year to EUR 478 million, delivering a stable margin of 8.8%.
Successful Execution in Decarbonization Projects
Achieved milestones in decarbonization projects, including starting up the first plant for Carbon Centric in Norway.