Technip: FY2006 Results

At EUR 6,926.5 mln, 2006 revenues were up 28.8% compared to 2005. Up 55.9% year-on-year, Group operating income reached EUR 360.1 mln. The operating margin ratio was 5.2%, compared to the 4.3% level recorded in 2005. Net income was EUR 200.1 mln, an increase of 114.5% compared to 2005. Fully diluted EPS and E/ADS were EUR 1.95 (up 75.7%) and $2.57 (up 75.7%), respectively (compared to EUR 1.11 and $1.32, respectively, one year earlier). Excluding the exceptional goodwill reduction, EPS was EUR 2.03 in 2006 (82.9%). FY06 net income reconciled to U.S. GAAP amounted to EUR 213.3 mln. Board of Directors also proposes a 14% increase in the annual dividend bringing it to EUR 1.05 per share and to pay an exceptional dividend of EUR 2.10 per share.