Monday , September 26 2022

TechnipFMC: Second "major" contract for 2019



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The trend is improving for TechnipFMC shares, which is more than 2% this afternoon, following the announcement of a big deal and the day before the half-year. At 23 euros for this crib Paris, the title remains a dozen euros below the price at which he started his life in early 2017. But things can change thanks to the orders.

The news of the week is already loaded for the group of services and the French-American parapetry technique and is not finished. On July 22, he announced a "significant" contract for underwater equipment to operate the North Sea by Neptune Energy.

The next day, TechnipFMC announced a "big deal" with the Russian gas group Novatek for the flight in Sibrie. In home jargon, this expression means a contract worth more than one billion dollars. This argues a bit: in this case, "the consolidated value of the TechnipFMC contract for Arctic LNG 2 is $ 7.6 billion," the report said, as it includes three liquefaction trains. Which is like … about 60% of the turnover achieved for the entire financial year 2018!

Significant ($ 75,249 million), "Substantial" ($ 250,499 million) and "Significant" ($ 500 million) Contract, TechnipFMC has announced many since the beginning of the year. ,

On the other hand, recently, the "big" contracts remain discreet. If we rely on the company's website, two contracts of this type were announced in 2017 and then only one in 2018. However, in 2019 there are now two, the first one returning only on June 18, with the announcement of a case (not a number) of Anadarco in Mozambique.

As a result, the TechnipFMC order book looks good, which may mark the end of a long period of "weak cows" for the paraffin industry. Finally, release visibility.

Follow the group's agenda: the half-yearly reports expected tomorrow July 25.

EG

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