France's Technip Q2 net profit falls by 2.9% to €157.7m

Source: ICIS News


SINGAPORE (ICIS)--Technip’s net income fell by 2.9% year on year to €157.7m in the second quarter amid a drop in its earnings margin, the French engineering firm said on Thursday.

The company’s revenue rose by 8.6% year on year to €2.62bn in the second quarter, while earnings before interest, tax, depreciation and amortisation (EBITDA) was up by 5.5% at €303m, it said in statement.

Technip’s EBITDA margin fell to 11.6% in the second quarter of this year, slightly down from the 11.9% reported in the same period of 2013, it said.

For the first six months of this year, Technip’s net income fell by 19.3% year on year to €224.9m, while sales were up by 15.3% at €5.08bn, the company added.