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Last €48.44 EUR
Change Today +0.125 / 0.26%
Volume 348.1K
As of 6:34 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

technip sa (TEC) Snapshot

Open
€48.19
Previous Close
€48.31
Day High
€48.61
Day Low
€47.27
52 Week High
09/2/14 - €70.69
52 Week Low
08/24/15 - €41.78
Market Cap
5.6B
Average Volume 10 Days
1.3M
EPS TTM
--
Shares Outstanding
116.5M
EX-Date
04/29/15
P/E TM
--
Dividend
€2.00
Dividend Yield
4.14%
Current Stock Chart for TECHNIP SA (TEC)

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technip sa (TEC) Details

Technip SA provides project management, engineering, and construction services for the energy sector in Europe, the Russian Federation, Central Asia, Africa, the Middle-East, the Asia Pacific, and the Americas. It operates through Subsea and Onshore/Offshore segments. The Subsea segment provides design, engineering, manufacturing, and installation services for infrastructures and subsea pipe systems used in oil and gas production and transportation. Its services include delivery of subsea systems, primarily pipelay and subsea construction; maintenance and repair of existing subsea infrastructures; and replacement or removal of subsea equipment. This segment also manufactures manufactures critical equipments, such as umbilicals and flexible pipes. The Onshore/Offshore segment designs and builds various types of facilities for the development of onshore oil and gas fields, as well as renovates existing facilities by modernizing production equipment and control systems. It also engages in the design, construction, and start-up of complex refineries or single refinery units; and design, construction, and commissioning of ethylene production plants and hydrogen and synthesis gas production units, as well as natural gas treatment and liquefaction facilities, and petrochemical and fertilizers processing plants. In addition, this signet is involved in the engineering studies and execution of production units in the fields of biofuels, geothermal, concentration solar power, and offshore wind farms; and provision of engineering and construction services to mining and metal projects. Further, it designs, manufactures, and installs fixed and floating platforms for producing and processing oil and gas reserves located offshore. Technip SA was founded in 1958 and is headquartered in Paris, France.

38,000 Employees
Last Reported Date: 07/30/15
Founded in 1958

technip sa (TEC) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: €1.8M
Compensation as of Fiscal Year 2014.

technip sa (TEC) Key Developments

Technip Wins Subsea Tie-Backs Contract for Petronas's PFLNG1 Facility

Technip SA has won an engineering, procurement, construction, installation and commissioning contract from Petronas Carigali for the tie-in of Petronas's first floating liquefied natural gas, or PFLNG1, facility to KAKG-A platform in Kanowit field, located 200km offshore Bintulu, East Malaysia, at a water depth of approximately 80m. The contract covers the procurement and installation of a 3.2 kilometers flexible flowline between the existing KAKG-A central processing platform in Kanowit field to the PFLNG1 riser. It also includes modification and tie-in works at KAKG-A. Technip's operating center in Kuala Lumpur, Malaysia, will execute the contract. The Group will leverage its unique integrated approach in the subsea business. The flexible flowline will be manufactured in Asiaflex Products, Technip's manufacturing facility in Tanjung Langsat, Johor, Malaysia. It will then be installed by the Group's multipurpose vessel, the Deep Orient. The installation campaign is scheduled for completion in late 2015.

Technip SA Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Technip SA announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, on adjusted basis the company announced revenue of EUR 3,098.4 million compared to EUR 2,615.4 million for the same period a year ago. Operating loss was EUR 300.7 million compared to operating income of EUR 233.6 million for the same period a year ago. Loss before tax was EUR 329.1 million compared to income before tax of EUR 216.1 million for the same period a year ago. Net loss of parent company was EUR 306.9 million compared to net income of EUR 157.7 million for the same period a year ago. Diluted loss per share was EUR 2.71 compared to diluted earnings per share of EUR 1.30 for the same period a year ago. Adjusted Underlying EBITDA was EUR 353.0 million compared to EUR 303.0 a year ago. Underlying net income was EUR 183.0 million compared to EUR 165.6 million a year ago. For the six months, on adjusted basis the company announced revenue of EUR 5,981.7 million compared to EUR 5,083.9 million for the same period a year ago. Operating loss was EUR 135.0 million compared to operating income of EUR 353.4 million for the same period a year ago. Loss before tax was EUR 202.3 million compared to income before tax of EUR 311.7 million for the same period a year ago. Net loss of parent company was EUR 220.8 million compared to net income of parent company of EUR 224.9 million for the same period a year ago. Diluted loss per share was EUR 1.95 compared to diluted earnings per share of EUR 1.88 for the same period a year ago. Net cash generated from operating activities was EUR 369.4 million compared to EUR 208.8 million for the same period a year ago. Capital expenditure was EUR 144.6 million compared to EUR 185.8 million for the same period a year ago. Adjusted underlying EBITDA was EUR 596.7 million compared to EUR 483.6 million a year ago. Underlying net income was EUR 291.0 million compared to EUR 232.8 million a year ago. On IFRS basis the company reported revenue was EUR 5,336.4 million compared to EUR 4,841.9 million a year ago, operating loss was EUR 139.1 million compared to operating income of EUR 336.0 million a year ago, net loss of the parent company was EUR 220.8 million compared to net Income of the parent company of EUR 224.9 million a year ago, diluted loss per share was EUR 1.95 compared to diluted earnings per share of EUR 1.88 a year ago, net cash generated from operating activities was EUR 57.7 million compared to net cash used in operating activities of EUR 372.4 million a year ago, capital expenditures were EUR 144.4 million compared to EUR 185.8 million a year ago.

Technip, SACE and Midor Signs Agreement for the Alexandria Refinery

Technip Italy S.p.A. and SACE announced the finalization of a joint agreement with Midor (Middle East Oil Refinery) for a project to modernize and expand the MIDOR refinery near Alexandria, Egypt in the frame of the long-standing cooperation between Italian and Egyptian Governments and companies, especially in the Oil and Gas sector. The investment has an estimated total value of $1.4 billion and aims at improving the production quality of the plant, considered the most advanced of the African continent, by increasing its refining capacity from 100,000 to 160,000 barrels of crude oil per day. SACE commits to launch the evaluation process in order to ensure an export credit facility to support the project. Technip will in parallel start the activities on the project. In due course, Technip will take responsibility for the EPC phase of the project.

 

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Industry Analysis

TEC

Industry Average

Valuation TEC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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