Technip Energies Boosts Shareholder Returns with 49% Dividend Hike

In a move that will delight shareholders, French infrastructure and technology company Technip Energies has proposed a 49% increase in its annual dividend, following a strong fourth-quarter revenue beat. The company, which specializes in engineering and technology for the energy industry, reported adjusted sales of €1.88 billion for the quarter, surpassing market expectations of €1.76 billion. This impressive performance, coupled with a robust order intake and backlog growth, has led Technip Energies to propose a cash dividend of €0.85 per share for 2024, up from €0.57 per share in 2023.



Technip Energies' Chief Executive Officer, Arnaud Pieton, commented on the company's outstanding 2024 performance, stating, "Technip Energies - T.EN - delivered an outstanding 2024 performance, setting new highs for both revenue and earnings. This success is a testament to the ingenuity and commitment of our teams in their pursuit of excellence. T.EN is a company in motion, and these results provide a springboard for the next chapter of our growth story. We reaffirm our 2025 guidance."

The company's strong commercial success in 2024, with more than €10 billion of order intake across its markets, has materially exceeded revenues for both business segments. As a result, Technip Energies' backlog has increased to a level approaching €20 billion, providing excellent, multi-year visibility and underpinning its earnings trajectory. This substantial backlog ensures a steady stream of revenue for the company in the coming years.

Technip Energies' strategic focus on growth areas, such as decarbonization and circularity, has contributed to its robust order intake and backlog growth. The company's early leadership in these domains, along with its continued investment in promising new industries like blue molecules and carbon capture, positions Technip Energies to thrive in any energy scenario. The company's balance sheet strength and highly cash generative business model support growing shareholder returns and allow Technip Energies to selectively deploy capital to drive further value creation.



In conclusion, Technip Energies' proposed 49% dividend increase is a clear sign of the company's commitment to growing shareholder returns. The company's strong performance in 2024, driven by its commercial success, strategic focus, and robust order intake, positions Technip Energies for continued growth and success in the future. As an investor, this dividend hike is an encouraging signal that Technip Energies is well-positioned to deliver value to its shareholders in the years to come.