Report
Baptiste Lebacq

TechnipFMC : Year of the spin-off to the air of the Samba

>Outperform recommendation maintained and target price unchanged at € 10.7 - We have adjusted our earnings sequence to factor in the effects of the spin-off of Technip Energies. Our target price had been adjusted post spin-off and remains unchanged. The momentum in Subsea and Surface Technologies seems to be improving. The newsflow of new orders in Subsea should be a favorable catalyst for the coming months, with numerous calls for tenders in Brazil in particular. Ou...
Underlying
TechnipFMC Plc

TechnipFMC is global leader in oil and gas projects, technologies, systems, and services. Co. offers subsea, surface, onshore, and offshore solutions for oil and gas projects. Co. serves customers worldwide. With Co.'s technologies and production systems, integrated expertise, and comprehensive solutions, Co. is transforming Co.'s clients' project economics. Co. is uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, Co.'s offering unlocks new possibilities for Co.'s clients in developing their oil and gas resources.

Provider
Oddo BHF
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.

Analysts
Baptiste Lebacq

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