Technip’s revenue up

By Joe Malone29 October 2015

France-based energy contractors Technip has recorded revenues of €3.1 billion for the third quarter of 2015 – a 10% increase from the same quarter last year.

The company’s earnings before interest, taxes, depreciation, and amortisation were €371.8 million, which represents a 12% increase from its 2014 third quarter results. Income was reported to be €292 million, with €232 million coming from subsea operations, while €76 million came from onshore and offshore operations.

Thierry Pilenko, chairman and CEO, said, “Technip’s focus in the third quarter was first and foremost on execution of the projects in our backlog and of our restructuring plan. The results of the third quarter demonstrate progress on both fronts.

“Our revenues and profits grew and we are accordingly on track to deliver our full-year objectives.”

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