TechnipFMC Delivers 2019 Forecast

The UK-based energy services giant TechnipFMC said it estimates 2019-revenues between $12.8 – $13.5 billion.

The company’s Subsea division is expected to generate $5.4 – $5.7 billion in 2019, with EBITDA margin of at least 11%.

Revenue forecast for Onshore/Offshore is in a range of $5.7 – 6.0 billion, while Surface Technologies are expected to contribute in a range of $1.7 – 1.8 billion. EBITDA margin is estimated at 12% and 17% respectively.

For the upcoming year, capital expenditures have been set at approximately $400 million.

To remind, in the previous quarter (Q3 2018), the company reported net profit of $136.9 million, or $0.30 per diluted share, compared to $121.0 million in the same period of 2017.

However, revenues for that quarter fell approximately $1 billion from $4.1 billion in Q3 2017 and also some $900 million in the second quarter of 2018.

Subsea World News Staff

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