Ticker	Volume	Price	Price Delta
DJIA	15,303.10	+8.60	0.06%
S&P 500	1,649.60	-0.91	-0.06%
Nasdaq	3,459.14	-0.27	-0.01%

Ticker

Volume

Price

Price Delta

DJIA

15,303.10

+8.60

0.06%

S&P 500

1,649.60

-0.91

-0.06%

Nasdaq

3,459.14

-0.27

-0.01%

Ticker	Volume	Price	Price Delta
STOXX 50	2,764.29	-12.49	-0.45%
FTSE 100	6,654.34	-42.45	-0.63%
DAX	8,305.32	-46.66	-0.56%

Ticker

Volume

Price

Price Delta

STOXX 50

2,764.29

-12.49

-0.45%

FTSE 100

6,654.34

-42.45

-0.63%

DAX

8,305.32

-46.66

-0.56%

Ticker	Volume	Price	Price Delta
Nikkei	14,612.50	+128.47	0.89%
Hang Seng	22,618.70	-51.01	-0.23%
S&P/ASX 200	4,983.50	-78.95	-1.56%

Ticker

Volume

Price

Price Delta

Nikkei

14,612.50

+128.47

0.89%

Hang Seng

22,618.70

-51.01

-0.23%

S&P/ASX 200

4,983.50

-78.95

-1.56%

Technip Sees 2012 Margin in Line With Previous Years, CEO Says

By Tara Patel - 2012-11-23T15:23:23Z

Technip SA (TEC), Europe’s second-largest oilfield-services provider, expects a 2012 margin in line with past years and sales of about 8 billion euros ($10.4 billion).

“The perspectives are good,” Chief Executive Officer Thierry Pilenko said today at an investor conference. “This year was robust with good profitability.”

This year’s margin will be around 10 percent, in line with previous years, he said.

Technip reported last month a 21 percent increase in third- quarter profit and raised targets for the full year after oil companies pushed ahead with projects.

Technip said it’s seeking revenue “toward” 8 billion euros and a subsea operating margin of around 15 percent and a margin for onshore-offshore of 6.5 percent to 7 percent.

Europe’s largest oilfield-services provider is Italy’s Saipem SpA. (SPM)

To contact the reporter on this story: Tara Patel in Paris at tpatel2@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.