ENXTPA:TEEnergy Services
Technip Energies (ENXTPA:TE) Stock Faces Margin Squeeze Despite Revenue Growth
Technip Energies walked into this earnings day with a bruised share price, down over the past week, month and quarter, yet still carrying a premium P/E of 19x versus peers. The market has been paying up for growth while worrying about shrinking profitability.
The headline this quarter is simple. Revenue in Q2 reached about €2.0b, but net income fell sharply to €12.1m as margins came under pressure from Middle East disruption and higher project costs. Today’s price action is investors voting...