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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