*

Technip Energies reports 13% year-on-year revenue growth

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2024 revenue forecast raised to 6.5-6.8 billion euros

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Third-quarter adjusted EBIT at 129.4 million euros, 10%

above

forecast

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Adjusted revenue rose 15% to 1.81 billion euros, above

market

expectations

By Anna Peverieri

Oct 31 (Reuters) - French energy infrastructure company

Technip Energies on Thursday lifted its annual revenue

guidance and reported a year-on-year revenue growth of 13%,

buoyed by project delivery, sustained profitability and

substantial growth in net income.

The company now sees 2024 revenue of between 6.5 billion and 6.8

billion euros ($7.39 billion). The group, which specialises in

engineering and technology for the energy industry, confirmed

its recurring earnings before interest and tax margin of between

7% and 7.5%.

Earlier in the year, it had forecast a revenue growth of

between 6.1 billion and 6.6 billion euros.

Asked about the French corporate income tax rise proposed by the

French parliament, Chief Financial Officer Bruno Vibert said

that few of the company's projects are in France.

Technip Energies has signed several major contracts this

year, including the Rovuma LNG project in

Mozambique

and the construction of the

Lake Charles liquefied natural gas

plant in the United States, which should boost its sales in

the coming quarters.

"The French surtax will have an impact that won't be too

material," he said in a call with journalists, adding that the

revised guidance already considers the potential impact of the

surtax.

Earlier in October, France's Prime Minister Michel Barnier

proposed a hike in corporate tax on the biggest companies in the

country.

The French energy infrastructure company posted a

stronger-than-expected third-quarter adjusted EBIT at 129.4

million euros, 10% above analysts' forecast of 117.1 million

euros in a consensus compiled by the company.

The group's adjusted order backlog fell 11% to 15.85 billion

euros in the first nine months of the year, while the

third-quarter order intake was 1.70 billion euros, compared with

785 million euros expected by analysts on average.

"We secured our position on notable projects that will

reinforce and diversify our backlog in 2025 and beyond," CEO

Arnaud Pieton said in the statement.

Technip's adjusted revenue rose 15% from a year earlier to

1.81 billion euros, above market expectations of 1.65 billion

euros.