Oddo BHF - Technip Energies NV (TE) Technip Energies : Q3 EBIT in line, consensus EBIT upgrade of c.5% likely

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Oddo BHF

Baptiste Lebacq

Technip Energies : Q3 EBIT in line, consensus EBIT upgrade of c.5% likely

>EBIT in line with expectations - For Q3 2024, the group reported sales of € 1.806bn (ODDO BHF estimate: € 1.645bn, consensus: € 1.648bn) thanks to stronger Project Delivery sales of € 1.28bn vs € 1.15bn expected. TPS sales were in line at € 520.9m. EBIT came to € 117m for a 6.4% margin, in line with our estimate of € 118m (and the consensus). Net profit reached € 98.6m vs our estimate of € 92m and the consensus forecast of € 93m.The order book to end...

31/10/2024 1 EN

Underlying

Technip Energies NV

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NL0014559478 Euronext Paris France

Provider

Oddo BHF

Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Analysts

Baptiste Lebacq

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Technip Energies : Q3 EBIT in line, consensus EBIT upgrade of c.5% likely

Technip Energies : CMD: building a sustainable model for FCF generation

Technip Energies : CMD : Construction d’un Modèle Durable pour la génération de FCF

Moody's Ratings downgrades TECO Finance's bank credit facility rating to Baa3; outlook negative

MICHELIN – ESG road show feedback: a convincing company in the face of investor questions on numerous ESG topics

Michelin - Feedback roadshow ESG : une société convaincante face aux questions d’investisseurs sur de nombreux thèmes ESG

Michelin : MICHELIN – ESG road show feedback: a convincing company in the face of investor questions on numerous ESG topics

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