PARIS, April 24 French oil services group
Technip stuck to its revenue and operating margin
targets for this year and next on Thursday after sales beat its
own expectations in the first quarter.
Group quarterly revenue rose 23 percent to 2.469 billion
euros ($3.41 billion), Technip said in a statement. Earnings
before interest, tax, depreciation and amortisation (EBITDA)
fell 18.5 percent to 180.6 million, giving a margin of 7.3
The company said order intake was "very strong in subsea".
"Although our clients remained focused on optimizing their
investments on both existing and new projects, we continue to
see a determination on their part to move ahead with key
projects," said Thierry Pilenko, Chairman and CEO.
($1 = 0.7231 Euros)
(Reporting by James Regan; Editing by Andrew Callus)