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Technip’s First Quarter 2011 Results

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708):
€ million   1Q 10   1Q 11   % change   % ex. FX impact
(except EPS)        
Revenue   1,318.4   1,436.2   8.9%   5.3%
EBITDA (1) 174.5 179.0 2.6% (0.7)%
EBITDA Margin   13.2%   12.5%   (77)bp    
Operating Income from recurring activities 139.2 144.8 4.0% 0.8%
Operating Margin 10.6% 10.1% (48)bp
Operating Income   139.2   144.8   4.0%    
Net Income 95.9 104.3 8.8%
EPS (€)   0.88   0.92   3.8%    
(1) Calculated as Operating Income from recurring activities before depreciation and amortization

On April 26, 2011, Technip’s Board of Directors approved the unaudited first quarter 2011 consolidated accounts. Chairman and CEO Thierry Pilenko commented: “In first quarter of 2011, Technip recorded 9% revenue growth year-on-year with strong margins and a robust order intake.

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