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Technip Energies:Â Update on FY 2020 Financial Results
Regulatory News:
Technip Energies (Paris:TE) (ISIN:NL0014559478) (the âCompanyâ), a leading Engineering & Technology company for the Energy Transition, today provides a financial update for the full year 2020 (unaudited) which has been prepared on the same basis as the carved out historical financial information included in the Companyâs European prospectus dated February 9, 2021. The Companyâs 2020 audited combined financial statements will be made available in March 2021. The Companyâs 2020 financial update provided herein differs from the financial information relating to the Technip Energies business segment included in the press release issued on February 24, 2021, by TechnipFMC plc (âTechnipFMCâ), only due to different accounting standards and basis of preparation. TechnipFMC currently holds 49.9% of the Companyâs equity.
Technip Energies:Update on FY 2020 Financial Results
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Technip Energies: Update on FY 2020 Financial Results
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TechnipFMC plc: TechnipFMC Announces Fourth Quarter 2020 Results
All segments achieved financial guidance
Total Company inbound orders of $10.1 billion; Subsea orders of $4 billion
Resilient backlog of $21.4 billion; Subsea backlog of $6.9 billion
Fourth quarter 2020
Includes total after-tax charges, net of credits, of $0.14 per diluted share
Adjusted diluted earnings per share, excluding charges and credits, was $0.05
Includes expense resulting from increased liability to joint venture partners of $0.12 per diluted share
Regulatory News:
Summary Financial Statements Fourth Quarter 2020
Reconciliation of U.S. GAAP to non-GAAP financial measures are below and in financial schedules.
Three Months Ended
December 31,
$(0.09)
$0.05
(11.8%)
Total Company revenue in the fourth quarter was $3,426.1 million. Net loss attributable to TechnipFMC plc was $39.3 million, or $0.09 per diluted share. These results included after-tax charges and credits totaling $62.7 mill