Technip's results exceed expectations
- on 02.17.12
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Technip has exceeded all expectations. The group specialized in oilfield services announced an operating profit up 14.4% to 709.5 million euros, where analysts expected at least 690 million euros. Similarly, net income rose 21.5% to 507.3 million euros, a record for the band, and exceeds 488 million euros expected by the financial community. As for turnover, it was up by 12.8% to 6.8 billion against 6.6 billion expected by experts. The group was counting on his income from 6.5 to 6.7 billion euros. Technip and displays a backlog of 10.42 billion euros, 2.24 billion euros in the fourth quarter.
Based on these results, the group displays its confidence for 2012 and put on a turnover of between 7.65 and 8 billion euros. Pilenko, Group CEO, says the oil companies and customers of the group "displayed their confidence in the prospects of oil prices and gas and continue to invest to achieve their production goals," providing opportunities to Technip and that, "despite the general economic and political uncertainties guaranteed payday loan."
350 to 400,000,000 euros of investment in 2012
Thus, the group will invest between 350 and 400 million euros this year. Pilenko reminded the antenna BFM that his group is involved, in collaboration with Iberdrola and Areva, the bidding on offshore wind energy in France. Moreover, the group continues its extensive gas project in Australia. The leader explains that the size of projects is increasingly important, particularly because the operating conditions of increasingly complex.
In the morning, the title Technip advance 1.5% to 79.5 euros, against a decline of nearly 1% for the CAC 40. Technip and takes the third place of the 40 largest capitalization French Capgemini behind (4.1% to 30.5 euros) and Renault (+2.3% to 37 euros).
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