Technip: First Quarter 2008 Financial Information

PARIS--(Business Wire)--
Regulatory News:

FIRST QUARTER 2008

-- Order intake up 7.5% yoy

-- Revenue increased 2.4% yoy to EUR 1.8 billion (+8.5% excluding
exchange rates translation impact)

-- Subsea EBITDA margin 23% and operating margin 17.9%

-- Onshore and Offshore combined operating margin 3.4%

-- Net income rose 32% yoy to EUR 89.9 million

-- Backlog of EUR 8,625 million, of which 40% is Subsea

2008 OUTLOOK

-- Subsequent to FX translation impact, Group revenue updated to
EUR 7.4 - EUR 7.6 billion with Subsea revenue growth of 10%
reaffirmed

-- Subsea operating margin should exceed 16%

-- Onshore and Offshore combined operating margin target
maintained at 3.8%

-- Group operating margin 7.6%

-0-
*T
EUR in millions, 1Q 08 1Q 07 % change excluding
(except EPS) FX impact
----------------------------------------------------------------------
Revenue 1,816.8 1,774.7 + 2.4% + 8.5%
EBITDA(1) 170.9 143.8 + 18.8% + 23.1%
EBITDA Margin 9.4% 8.1% + 130 bp + 112 bp
Operating Income(2) 136.9 107.9 + 26.9% + 30.4%
Operating Margin 7.5% 6.1% + 140 bp + 126 bp
Net Income 89.9 68.1 + 32.0%
EPS (EUR ) 0.85 0.65 + 31.6%
----------------------------------------------------------------------
(1) Calculated as Operating Income from recurring activities pre
depreciation and amortization
(2) From recurring activities
*T

On May 14, 2008, Technip's (Paris:TEC) (ISIN:FR0000131708) Board
of Directors approved the non-audited first quarter 2008 consolidated
accounts.

Thierry Pilenko, Chairman and CEO, commented: "In a quarter that
is seasonally lower, our Subsea business performed very well with an
EBITDA margin of 23%, the result of good project execution across all
regions. In the Offshore business, two major fabrication projects, the
Perdido SPAR hull for the Gulf of Mexico and the Akpo FPSO for Nigeria
are nearing completion and should sail-away before the end of the
second quarter 2008. In the Onshore business segment, projects
performed as planned.

The Oil & Gas market continues to be robust for our three business
segments and although no large projects have been awarded this
quarter, a significant number of smaller projects were awarded to
Technip, which increased our order intake by 7.5% compared to last
year. Many of these projects are FEEDs or early studies that will
position Technip well for the subsequent award and execution of the
main projects.

Subsea now represents 40.3% of our backlog and we have raised our
Subsea operating margin forecast to above 16% for the year while
maintaining our combined operating margin forecast for the Onshore and
Offshore segments. Subsequently we estimate Group operating margin
will be 7.6%"

As of January 1, 2008 Technip's financial statements are reported
as follows, in addition to Corporate, which is unchanged:

-- SUBSEA: formerly "SURF"

-- OFFSHORE: formerly "Offshore Facilities"

-- ONSHORE: combines former "Onshore-Downstream" and "Industries"

Pro-forma figures are provided for 2007.

I. FIRST QUARTER 2008

A. OPERATIONAL HIGHLIGHTS

Ongoing projects progressed well for the Subsea business segment.
The first production flexible flowlines were installed on the Agbami
project, offshore Nigeria. MA-D6, offshore India, is nearing
completion. The Group's fleet utilization rate was 71% during the
first quarter, as several vessels were in dry dock. Meanwhile the
flexible pipe manufacturing plants produced at full capacity.

The Offshore business segment advanced on a multitude of projects:
Akpo FPSO module interconnection has been completed at the yard in
Korea, and the Perdido Spar hull is expected to sail away from the
Pori yard in Finland to the Gulf of Mexico, during the second quarter.

Concerning the Tahiti Spar project, the replacement of mooring
shackles has been completed. Technip and Chevron have entered into
discussions to resolve contractual differences related to this matter,
yet arbitration cannot be excluded. On the other SPAR project affected
by metallurgical problems on certain mooring shackles, Technip's
solution to the client, including replacement shackles, continues to
progress. The replacement costs for shackles are usually covered by
the insurance policies of either the customer, the manufacturer (or
any other party involved) or Technip.

A large number of projects are on course in the Onshore business
segment: the Yemen and Qatar LNG and gas treatment projects,
Khursaniyah gas treatment project in Saudi Arabia, three Ethylene
projects in the Middle East (Kuwait, Saudi Arabia and Qatar) and Dung
Quat refinery in Vietnam, as well as Horizon heavy oil upgrader in
Canada. Among other contracts, two smaller projects are now
practically completed in North America and Asia Pacific.

Following the agreement signed on QatarGas II project end of
January, 2008, another agreement was signed on RasGas III / AKG2
projects in March 2008. Technip, along with its joint venture partner,
Chiyoda, continues to negotiate with the customer on Qatargas III&IV
project.

B. ORDER INTAKE AND BACKLOG

During the first quarter 2008, Technip's order intake reached EUR
1,592.3 million compared to EUR 1,481.3 million during the first
quarter 2007. Listed in annex II (d) are the main contracts that came
into force during the first quarter 2008 along with their approximate
value (Group share) if publicly disclosed. The breakdown of the order
intake by business segment during the first quarter 2008 is as
follows:

-- Subsea 45.9%

-- Offshore 10.1%

-- Onshore 44.0%

At the end of first quarter 2008 Group backlog amounted to EUR
8,625.3 million, compared to EUR 9,389.5 million at the end of 2007.
The backlog breakdown by business segment, as of March 31, 2008, is as
follows:

-- Subsea 40.3% (1)

-- Offshore 6.6%

-- Onshore 53.1%

C. ASSETS AND CAPEX

Technip's capex for the first quarter 2008 amounted to EUR 68.1
million (cash impact) compared to EUR 35.3 million for the same
quarter 2007.

Flexible pipe manufacturing plants:

-- Technip signed an agreement with the Tanjung Langsat Port
(Malaysia) for a 20-hectare (49-acre) land lease to set up a
new flexible pipe manufacturing plant.

-- The expansion of the Vitoria (Brazil) plant's storage area and
installation of a new large capacity crane, 800 tons, in Le
Trait (France) to facilitate the loading of vessels are
advancing as planned. These programs should be completed in
2008 and 2009, respectively.

Vessel fleet:

-- The new pipelay construction vessel is under construction at
the STX Heavy Industries of Korea yard in China. Her estimated
delivery is for 2010.

-- The Skandi Arctic, 50% owned by Technip, a new diving support
vessel to be dedicated to the Norwegian North Sea, is expected
to be delivered at the end of 2008.

-- A contact has been signed with Petrobras for a new flexible
pipelay vessel, 50% owned by Technip, dedicated to the
Brazilian deep water. She is expected to join the fleet end of
2009.

Technip's 2007 - 2010 capex program has been impacted by the sharp
increase in costs (raw materials and labor) and scope variation by
around EUR 200 million. These elements have also impacted maintenance
costs by an estimated EUR 100 million for 2008 - 2010. Technip is
dedicated to further increasing its Subsea asset base which is
expected to provide a ROCE of at least 15%.

II. FIRST QUARTER 2008 FINANCIAL RESULTS

1. Revenue

At EUR 1,816.8 million, first quarter 2008 Group revenue was up
2.4% compared to the first quarter 2007 or excluding exchange rate
translation impact, revenue increased 8.5% over the prior year. This
was primarily due to the 14% depreciation of the US dollar and
associated currencies which had a negative impact of EUR 112.9 million
on Group revenue.

-- Subsea revenue reached EUR 549.1 million, compared to EUR
576.3 million during first quarter 2007, generated by the
Agbami (Nigeria), MA-D6 (India), P-52 (Brazil), Kupe (New
Zealand) and Pazflor (Angola) projects, as well as medium and
small size projects in the North Sea.

-- Offshore revenue was EUR 186.8 million, down 16.2% compared to
the same period one year ago. The main contributors were the
Perdido Spar project in the Gulf of Mexico as well as the Akpo
FPSO in Nigeria.

-- Onshore revenue was EUR 1,080.7 million, up 10.8% compared to
EUR 975.6 million during first quarter 2007. Main contributors
were the Khursaniyah project in Saudi Arabia, the four LNG
projects in Qatar and Yemen, three large ethylene
steam-cracker projects in Qatar, Kuwait and Saudi Arabia, the
Horizon heavy oil project in Canada, as well as the Dung Quat
refinery in Vietnam.

2. Operating Income from Recurring Activities

First quarter 2008 Group operating income from recurring
activities was EUR 136.9 million, up 26.9% compared to EUR 107.9
million recorded during the first quarter 2007. Excluding foreign
exchange translation impact, operating income year-over-year was up
30.4%.

-- Subsea operating income from recurring activities was EUR 98.2
million during first quarter 2008, up 48.3% compared to the
same period a year ago. The associated margin reached 17.9%,
compared to 11.5% during first quarter 2007.

-- Offshore operating income from recurring activities is down
17.1% at EUR 9.7 million, compared to EUR 11.7 million during
the first quarter 2007. The associated margin was 5.2% during
the first quarter 2008 compared to 5.3% a year ago.

-- Onshore operating income from recurring activities during the
first quarter 2008 was up 4.1% at EUR 33.2 million, compared
to EUR 31.9 million a year ago. The associated margin was 3.1%
during the first quarter 2008 compared to 3.3% a year ago.

Financial income from contracts accounted as revenue, amounted to
EUR 14.5 million during the first quarter 2008, of which EUR 8.4
million is associated with Onshore, compared to EUR 27.3 million and
EUR 18.4 million during first quarter 2007, respectively.

Operating income from recurring activities excludes income from
the sale of activities as follows.

3. Income from Activity Disposal

During first quarter 2008 there was no activity disposal.

During first quarter 2007, income from activities disposal,
amounted to EUR 14.6 million (Sale of PSSL and PSSI in the Subsea
segment) after EUR 8.0 million in goodwill amortization.

4. Operating Income

During the first quarter 2008, Group operating income amounted to
EUR 136.9 million, up 11.8% compared to EUR 122.5 million recorded a
year ago.

5. Results

Net financial charges were EUR 8.3 million including a EUR 3.2
million negative impact of foreign currency exchange rate variation
and from IAS 32-39 on hedging instruments' fair market value.

Income tax was EUR 38.8 million. The effective tax rate stood at
30.2% compared to 27.8% one year ago.

Net income was up 32.0% at EUR 89.9 million, compared to EUR 68.1
million during the first quarter 2007.

Diluted EPS was EUR 0.85 in the first quarter 2008, an increase of
31.6%, compared to EUR 0.65 one year ago.

Average number of shares during the period on a diluted basis is
calculated as per IFRS. For the first quarter 2008 this number of
shares stood at 105,314,199 and 104,954,825 shares for the first
quarter 2007.

6. Cash and Balance Sheet

At the end of March 2008, the net cash position decreased to EUR
1,591.0 million compared to EUR 1,704.3 million at the end of 2007.

Cash generated from operations increased 53% year-on-year to EUR
123.3 million, working capital declined by EUR 64.5 million, and
capital expenditures amounted to EUR 68.1 million.

Shareholders' equity as of March 31, 2008 was EUR 2,261.7 million
compared to EUR 2,178.4 million as of December 31, 2007.

The first quarter 2008 results information package includes this
press release and the annexes that follow as well as a presentation
published on the Group's web site: www.technip.com

Cautionary note regarding forward-looking statements

This presentation contains both historical and forward-looking
statements. These forward-looking statements are not based on
historical facts, but rather reflect our current expectations
concerning future results and events and generally may be identified
by the use of forward-looking words such as "believe", "aim",
"expect", "anticipate", "intend", "foresee", "likely", "should",
"planned", "may", "estimates", "potential" or other similar words.
Similarly, statements that describe our objectives, plans or goals are
or may be forward-looking statements. These forward-looking statements
involve known and unknown risks, uncertainties and other factors that
may cause our actual results, performance or achievements to differ
materially from the anticipated results, performance or achievements
expressed or implied by these forward-looking statements. Risks that
could cause actual results to differ materially from the results
anticipated in the forward-looking statements include, among other
things: our ability to successfully continue to originate and execute
large services contracts, and construction and project risks
generally; the level of production-related capital expenditure in the
oil and gas industry as well as other industries; currency
fluctuations; interest rate fluctuations; raw material (especially
steel) as well as maritime freight price fluctuations; the timing of
development of energy resources; armed conflict or political
instability in the Arabian-Persian Gulf, Africa or other regions; the
strength of competition; control of costs and expenses; the reduced
availability of government-sponsored export financing; losses in one
or more of our large contracts; U.S. legislation relating to
investments in Iran or elsewhere where we seek to do business; changes
in tax legislation, rules, regulation or enforcement; intensified
price pressure by our competitors; severe weather conditions; our
ability to successfully keep pace with technology changes; our ability
to attract and retain qualified personnel; the evolution,
interpretation and uniform application and enforcement of
International Financial Reporting Standards (IFRS), according to which
we prepare our financial statements as of January 1, 2006; political
and social stability in developing countries; competition; supply
chain bottlenecks; the ability of our subcontractors to attract
skilled labor; the fact that our operations may cause the discharge of
hazardous substances, leading to significant environmental remediation
costs; our ability to manage and mitigate logistical challenges due to
underdeveloped infrastructure in some countries where are performing
projects.

Some of these risk factors are set forth and discussed in more
detail in our Annual Report. Should one of these known or unknown
risks materialize, or should our underlying assumptions prove
incorrect, our future results could be adversely affected, causing
these results to differ materially from those expressed in our
forward-looking statements. These factors are not necessarily all of
the important factors that could cause our actual results to differ
materially from those expressed in any of our forward-looking
statements. Other unknown or unpredictable factors also could have
material adverse effects on our future results. The forward-looking
statements included in this release are made only as of the date of
this release. We cannot assure you that projected results or events
will be achieved. We do not intend, and do not assume any obligation
to update any industry information or forward looking information set
forth in this release to reflect subsequent events or circumstances.

This presentation does not constitute an offer or invitation to
purchase any securities of Technip in the United States or any other
jurisdiction. Securities may not be offered or sold in the United
States absent registration or an exemption from registration. The
information contained in this presentation may not be relied upon in
deciding whether or not to acquire Technip securities.

This presentation is being furnished to you solely for your
information, and it may not be reproduced, redistributed or published,
directly or indirectly, in whole or in part, to any other person.
Non-compliance with these restrictions may result in the violation of
legal restrictions of the United States or of other jurisdictions.

With a workforce of 23,000 people, Technip ranks among the top
five corporations in the field of oil, gas and petrochemical
engineering, construction and services. The Group is headquartered in
Paris.

The Group's main operations and engineering centers and business
units are located in France, Italy, Germany, the UK, Norway, Finland,
the Netherlands, the USA, Brazil, Abu-Dhabi, China, India, Malaysia
and Australia.

In support of its activities, the Group manufactures flexible
pipes and umbilicals, and builds offshore platforms in its
manufacturing plants and fabrication yards in France, Brazil, the UK,
the USA, Finland and Angola, and has a fleet of specialized vessels
for pipeline installation and subsea construction.

The Technip share is listed in Paris on Euronext Paris.

ANNEX I (a)

CONSOLIDATED STATEMENT OF INCOME

IFRS, Not Audited

-0-
*T
First Quarter
Euros in millions -----------------------
(except EPS, E/ADS and average number of 2008 2007
shares)
---------------------------------------------- -----------------------
Revenue 1,816.8 1,774.7
---------------------------------------------- -----------------------
Gross Margin 241.7 204.2
---------------------------------------------- -----------------------
Research & Development Expenses (10.9) (8.5)
SG&A & Other Operating Income (Expenses) (93.9) (87.8)
---------------------------------------------- -----------------------
Operating Income from
Recurring Activities 136.9 107.9
---------------------------------------------- -----------------------
Income from Sale of Activities - 14.6
---------------------------------------------- -----------------------
Operating Income 136.9 122.5
---------------------------------------------- -----------------------
Financial Income (Charges) (8.3) (20.6)
Income of Equity Affiliates 0.2 1.4
---------------------------------------------- -----------------------
Profit Before Tax 128.8 103.3
---------------------------------------------- -----------------------
Income Tax (38.8) (26.8)
Tax on Income from Sale of Activities - (7.2)
Minority Interests (0.1) (1.2)
---------------------------------------------- -----------------------
Net Income 89.9 68.1
---------------------------------------------- -----------------------

---------------------------------------------- -----------------------
Average Number of Shares during the period on 105,314,199 104,954,825
a diluted basis
---------------------------------------------- -----------------------

---------------------------------------------- -----------------------
EPS (EUR ) on a Diluted Basis 0.85 0.65
---------------------------------------------- -----------------------

---------------------------------------------- -----------------------
E/ADS ($) on a Diluted Basis(1) 1.35 1.03
---------------------------------------------- -----------------------
(1)Earnings per American Depositary Share
(E/ADS) are in U.S. dollars and, for all
periods, are calculated based upon diluted
EPS in euros converted into US dollars using
the Federal Reserve Bank of New York noon
buying rate (USD/EUR) of 1.5805 as of March
31, 2008.
*T

ANNEX I (b)

CONSOLIDATED BALANCE SHEET

IFRS, Not Audited

-0-
*T
Euros in millions March 31, Dec. 31,
2008 2007
-----------------------

---------------------------------------------- -----------------------
Fixed Assets 3,275.8 3,279.1
Deferred Taxes and Other Non-Current Assets 182.8 184.7
---------------------------------------------- -----------------------
NON-CURRENT ASSETS 3,458.6 3,463.8
---------------------------------------------- -----------------------

---------------------------------------------- -----------------------
Construction Contracts 208.5 280.6
Inventories, Customer & Other Receivables 2,026.7 1,953.4
Cash & Cash Equivalents 2,334.8 2,401.5
---------------------------------------------- -----------------------
CURRENT ASSETS 4,570.0 4,635.5
---------------------------------------------- -----------------------

---------------------------------------------- -----------------------
TOTAL ASSETS 8,028.6 8,099.3
---------------------------------------------- -----------------------

---------------------------------------------- -----------------------
Shareholders' Equity (Parent Company) 2,261.7 2,178.4
Minority Interests 17.1 18.4
---------------------------------------------- -----------------------
SHAREHOLDERS' EQUITY 2,278.8 2,196.8
---------------------------------------------- -----------------------

---------------------------------------------- -----------------------
Non-Current Debts 650.0 653.3
Non-Current Provisions 109.6 109.7
Deferred Taxes and Other Non-Current
Liabilities 167.0 174.2
---------------------------------------------- -----------------------
NON-CURRENT LIABILITIES 926.6 937.2
---------------------------------------------- -----------------------

---------------------------------------------- -----------------------
Current Debts 93.8 43.9
Current Provisions 123.0 123.0
Construction Contracts 1,801.2 1,860.1
Accounts Payable & Other Advances Received 2,805.2 2,938.3
---------------------------------------------- -----------------------
CURRENT LIABILITIES 4,823.2 4,965.3
---------------------------------------------- -----------------------

---------------------------------------------- -----------------------
TOTAL SHAREHOLDERS' EQUITY & LIABILITIES 8,028.6 8,099.3
---------------------------------------------- -----------------------
*T

-0-
*T
Changes in Shareholders' Equity (Parent Company)
----------------------------------------------------------------------
Shareholders' Equity as of December 31, 2007 2,178.4
First quarter 2008 Net Income 89.9
Capital Increases 0.5
IAS 32 and 39 Impacts 24.4
Dividend Payment -
Treasury Shares -
Translation Adjustments and Other (31.5)
Shareholders' Equity as of March 31, 2008 2,261.7
----------------------------------------------------------------------
*T

ANNEX I (c)

CONSOLIDATED STATEMENT OF CASH FLOWS

IFRS

Not Audited

-0-
*T
First Quarter
Euros in millions ------------------------------
2008 2007
----------------------------------------------------------------------

Net Income 89.9 68.1
Depreciation of Property, Plant &
Equipment 34.0 35.9
Stock Option and Performance Share
Charge 3.1 1.2
Long-Term Provisions (Including
Employee Benefits) 2.5 0.6
Reduction of Goodwill Related to
Realized Income Tax Loss Carry
Forwards not previously Recognized - 2.5
Deferred Income Tax (6.1) (12.5)
Capital (Gain) Loss on Asset / Activity
Sales - (14.8)
Minority Interests and Other (0.1) (0.2)
------- -------
Cash from Operations 123.3 80.8
------- -------

Change in Working Capital (64.5) 53.9
------- -------

Net Cash Provided by (Used in)
Operating Activities 58.8 134.7
------- ------

----------------------------------------------------------------------

Capital Expenditures (68.1) (35.3)
Cash Proceeds from Asset Sales 0.8 1.0
Change of Scope of Consolidation 0.1 66.3
------- -------

Net Cash Provided by (Used in)
Investment Activities (67.2) 32.0
------- ------

----------------------------------------------------------------------

Increase (Decrease) in Debt 47.5 10.8
Capital Increase 0.5 2.8
Share Repurchases - (86.1)
------- -------

Net Cash Provided by (Used in)
Financing Activities 48.0 (72.5)
------- ------

----------------------------------------------------------------------

Foreign Exchange Translation Adjustment (106.3) (15.7)
------- ------

Net Increase (Decrease) in Cash and
Cash Equivalents (66.7) 78.5
======= ======

----------------------------------------------------------------------

Cash and Cash Equivalents at Period
Beginning 2,401.5 2,402.8
Cash and Cash Equivalents at Period End 2,334.8 2,481.3
------- -------
(66.7) 78.5
======= ======
*T

ANNEX I (d)

TREASURY AND FINANCIAL DEBT - CURRENCY RATES

IFRS

Not Audited

-0-
*T
Euros in millions Treasury and Financial Debt
----------------------------------
Mar. 31, Dec. 31, Mar. 31,
2008 2007 2007
======================================================================
Cash Equivalents 1,915.8 1,815.9 1,968.6
----------------------------------------------------------------------
Cash 419.0 585.6 512.7
----------------------------------------------------------------------
Cash & Cash Equivalents (A) 2,334.8 2,401.5 2,481.3
----------------------------------------------------------------------
Current Debts 93.8 43.9 203.3
----------------------------------------------------------------------
Non Current Debts 650.0 653.3 666.5
----------------------------------------------------------------------
Gross Debt (B) 743.8 697.2 869.8
----------------------------------------------------------------------
Net Financial Cash (Debt) (A - B) 1,591.0 1,704.3 1,611.5
----------------------------------------------------------------------
*T

Euro versus Foreign Currency Conversion Rates

-0-
*T
Statement of Income Balance Sheet as of
------------------------------------------------
1Q 08 1Q 07 March 31 Dec. 31
2008 2007
======================================================================
USD 1.50 1.31 1.58 1.47
----------------------------------------------------------------------
GBP 0.76 0.67 0.80 0.73
----------------------------------------------------------------------
*T

___________________________________________________________________

ANNEX II (a)

REVENUE BY REGION

IFRS

Not audited

-0-
*T
Euros in millions First Quarter
----------------------------------------
2008 2007 Change
======================================================================
Europe, Russia, C. Asia 279.5 253.1 10.4%
----------------------------------------------------------------------
Africa 200.2 298.3 (32.9)%
----------------------------------------------------------------------
Middle East 678.0 690.3 (1.8)%
----------------------------------------------------------------------
Asia Pacific 263.0 189.4 38.9%
----------------------------------------------------------------------
Americas 396.1 343.6 15.3%
----------------------------------------------------------------------
TOTAL 1,816.8 1,774.7 2.4%
----------------------------------------------------------------------
*T

ANNEX II (b)

ADDITIONAL INFORMATION BY BUSINESS SEGMENT

IFRS

Not audited

-0-
*T
Euros in millions 1Q 08 1Q 07 Change
----------------------------

-----------------------------------------
SUBSEA
----------------------------------------- ----------------------------
Revenue 549.1 576.3 (4.7)%
----------------------------------------- ----------------------------
Gross Margin 143.7 108.1 32.9%
----------------------------------------- ----------------------------
Operating Income from Recurring
Activities 98.2 66.2 48.3%
----------------------------------------- ----------------------------

----------------------------------------- ----------------------------
Depreciation (28.2) (30.2) (6.6)%
----------------------------------------- ----------------------------

-----------------------------------------
OFFSHORE
----------------------------------------- ----------------------------
Revenue 186.8 222.8 (16.2)%
----------------------------------------- ----------------------------
Gross Margin 23.0 25.4 (9.4)%
----------------------------------------- ----------------------------
Operating Income from Recurring
Activities 9.7 11.7 (17.1)%
----------------------------------------- ----------------------------

----------------------------------------- ----------------------------
Depreciation (2.1) (2.3) (8.7)%
----------------------------------------- ----------------------------

-----------------------------------------
ONSHORE
----------------------------------------- ----------------------------
Revenue 1,080.7 975.6 10.8%
----------------------------------------- ----------------------------
Gross Margin 75.3 66.7 12.9%
----------------------------------------- ----------------------------
Operating Income from Recurring
Activities 33.2 31.9 4.1%
----------------------------------------- ----------------------------

----------------------------------------- ----------------------------
Depreciation (3.0) (2.4) 25.0%
----------------------------------------- ----------------------------

-----------------------------------------
CORPORATE
----------------------------------------- ----------------------------
Operating Income (4.2) (1.9) 121.1%
----------------------------------------- ----------------------------

----------------------------------------- ----------------------------
Depreciation (0.7) (1.0) (30.0)%
----------------------------------------- ----------------------------
*T

ANNEX II (c)

ORDER INTAKE & BACKLOG

Not audited

-0-
*T
Euros in millions Order Intake by Business Segment
--------------------------------------------------
First Quarter
--------------------------------------------------
2008 2007 Change
======================================================================
SUBSEA 731.3 361.3 102.4%
----------------------------------------------------------------------
OFFSHORE 161.3 91.1 77.1%
----------------------------------------------------------------------
ONSHORE 699.7 1,028.9 (32.0)%
----------------------------------------------------------------------
TOTAL 1,592.3 1,481.3 7.5%
----------------------------------------------------------------------

--------------------------------------------------
Backlog by Business Segment
--------------------------------------------------

As of As of As of Mar. 31,
Mar. 31, 2008 Dec. 31, 2007 2007
======================================================================
SUBSEA 3,474.2 3,477.1 2,482.6
----------------------------------------------------------------------
OFFSHORE 571.4 550.9 623.7
----------------------------------------------------------------------
ONSHORE 4,579.7 5,361.5 6,772.2
----------------------------------------------------------------------
TOTAL 8,625.3 9,389.5 9,878.5
----------------------------------------------------------------------

--------------------------------------------------
Backlog by Region
--------------------------------------------------

As of As of As of
Mar. 31, 2008 Dec. 31, 2007 Mar. 31, 2007
======================================================================
Europe, Russia, C
Asia 1,729.0 1,691.8 1,094.4
----------------------------------------------------------------------
Africa 1,418.7 1,623.3 1,084.3
----------------------------------------------------------------------
Middle East 2,561.9 3,198.0 4,821.9
----------------------------------------------------------------------
Asia Pacific 911.9 944.0 1,145.3
----------------------------------------------------------------------
Americas 2,003.8 1,932.4 1,732.6
----------------------------------------------------------------------
TOTAL 8,625.3 9,389.5 9,878.5
----------------------------------------------------------------------
*T

-0-
*T
March 31, 2008 Backlog Estimated Scheduling
--------------------------------------------
SUBSEA OFFSHORE ONSHORE GROUP
======================================================================
2008 (9 months)
2009 1,865 437 2,600 4,902
----------------------------------------------------------------------
2009 845 104 1,700 2,649
----------------------------------------------------------------------
2010 and Beyond 764 30 280 1,074
----------------------------------------------------------------------
TOTAL 3,474 571 4,580 8,625
----------------------------------------------------------------------
*T

ANNEX II (d)

ORDER INTAKE

Not audited

-0-
*T
First quarter 2008, Technip's order intake reached EUR 1,592.3 million
compared to EUR 1.481,3 million in 2007. Listed below are the main
contracts that came into force during the first quarter 2008 along
with their approximate value (Group share) if publicly disclosed:

-- a Subsea contract with Husky Oil Operations Limited, for the
development of the White Rose oil field's North Amethyst Satellite in
Canada (approximately EUR 190 million),
-- a EPCM contract with Motor Oil (Hellas) Corinth Refineries S.A. for
a crude oil distillation unit at the Corinth refinery in Greece,
-- an EPCM reimbursable contract with Neste Oil Corporation for the
construction of a new generation NExBTL renewable diesel plant to be
built in Singapore,
-- two Subsea contracts with Petrofac Energy Developments Ltd
(Petrofac) for the development of the Don West and Don South West oil
fields, North Sea (approximately EUR36 million),
-- a Front End Engineering Design (FEED) contract with Shtokman
Development Company for the onshore portion of the first phase of the
Shtokman gas project in Russia,
-- a contract with KNM Process Systems Sdn Bhd to provide assistance
in the detailed engineering of the fatty acids methyl ester
transesterification unit for a biodiesel production plant to be
located at the port of Kuantan, Malaysia and
-- a partnership with Areva to develop major mining projects. The
objective is to double Areva's uranium production capacity in the
next five years, starting with approximately 10 new mining
operations, mostly in Africa.

Since April 1, 2008, Technip has also announced the following contract
awards which were not included in the backlog as of March 31, 2008:

-- a frame agreement for subsea services for Oilexco North Sea Ltd.,
in the UK North Sea (approximately EUR190 million),
-- a frame agreement with BP to provide all diving construction
services for extensions to existing hydrocarbon field development
projects in the North Sea,
-- two Subsea contracts as partner of the Technip Subea 7 Asia Pacific
Pty Ltd, with Shell Todd Oil Services Limited (STOS) and MISC Berhad
for subsea installation and pipeline supply projects in New Zealand
and Vietnam respectively,
-- a contact with Rominserv and Rompetrol Rainare (members of The
Rompetrol Group) for a hydrogen plant to be constructed at the
Petromidia Refinery in Costanta, Romania, (approximately EUR40
million) and
-- a services contract with Nautilus Minerals Singapore Pte Ltd for a
riser and lifting system for the Solwara 1 subsea mining operation.
The Solwara 1 mine site, located offshore Papua New Guinea.
*T

(1) Concerning long term frame agreement for offshore inspection
repair and maintenance, Technip books in its backlog the estimated
expected value of these activities for the current year only.

Investor and Analyst Relations
Kimberly Stewart
Tel: +33 (0) 1 47 78 66 74
e-mail : kstewart@technip.com
or
Xavier d'Ouince
Tel: +33 (0) 1 47 78 25 75
e-mail: xdouince@technip.com
or
Antoine d'Anjou
Tel: +33 (0) 1 47 78 30 18
e-mail: adanjou@technip.com
or
Public Relations
Yves Gautier
Tel: +33 (0) 1 47 78 25 33
or
Floriane Lassalle-Massip
Tel: +33 (0) 1 47 78 32 79
e-mail: press@technip.com
Group website
http://www.technip.com

Copyright Business Wire 2008