Sign in

    Guillaume Delaby • AllianceBernstein

    Guillaume Delaby's questions to Technip Energies NV (THNPY) leadership

    Guillaume Delaby's questions to Technip Energies NV (THNPY) leadership • Q1 2025

    Question

    Guillaume Delaby of AllianceBernstein posed two questions regarding the TPS segment: whether the strong Q1 margin suggests future potential above the 2028 target, and if the slowdown in products should be a warning sign for the early-cycle services business.

    Answer

    CEO Arnaud Pieton reiterated the strategy to enrich the higher-margin Technology & Products (T&P) portfolio, which could drive future performance. CFO Bruno Vibert addressed the second point, stating that demand for early-stage services remains very strong. He attributed the Q1 TPS revenue dip to a lower contribution from specific ethylene projects signed in prior years, not a broader slowdown.

    Ask Fintool Equity Research AI

    Guillaume Delaby's questions to Technip Energies NV (THNPY) leadership • Q1 2024

    Question

    Guillaume Delaby sought confirmation that the €1 billion-plus figure for Net-Zero Teesside was Technip Energies' share and asked about the company's confidence in its full-year order intake outlook. He also inquired about the run-rate for minority interests.

    Answer

    Executive Arnaud Pieton confirmed the Net-Zero Teesside value was solely Technip Energies' share and expressed confidence in achieving a book-to-bill ratio well above 1 for 2024. Executive Bruno Vibert advised that the Q1 minority interest level is a good proxy for the upcoming quarters, as the contribution from Arctic LNG 2 is declining.

    Ask Fintool Equity Research AI