Technip Energies Q1 order book increase on low-carbon LNG projects
May 2 (Reuters) - French infrastructure and technology company Technip Energies on Thursday reported an increase in first-quarter orders, citing high demand and strong order intake in its Technology, Products & Services (TPS) division.
The adjusted backlog of the French oil and gas infrastructure provider amounted to 15.26 billion euros ($16.35 billion), while the adjusted order intake amounted to 849.9 million euros, above 682 million euros expected by analysts in a company-compiled consensus.
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"Commercial momentum in TPS remained strong with order intake significantly in excess of segment revenue, benefiting from high demand, notably in carbon capture and project management consultancy," CEO Arnaud Pieton said in a statement.
The adjusted revenue for the TPS branch rose by 5% year-on-year to 475.3 million euros, compared to 451.7 million euros a year ago.
(Reporting by Lina Golovnya in Gdansk; Editing by Christian Schmollinger)