TechnipFMC: big impairment charge due in Q4
(CercleFinance.com) - Before releasing its Q4 2019 results on 26 February, TechnipFMC said it expects to book approximately 2.
4 billion dollars in non-cash impairment charges, largely due to changes in its market capitalisation.
For FY 2019, the oil services group expects its revenue to be close to the consensus of 13.5 billion dollars, with net corporate costs in line with forecasts of 210m-215m dollars, excluding FX factors.
TechnipFMC expects an adjusted EBITDA margin for all segments at least in line with expectations, i.e. at least 11.5% for subsea, 16.5% for onshore/offshore and 10% for its surface technology segment.
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4 billion dollars in non-cash impairment charges, largely due to changes in its market capitalisation.
For FY 2019, the oil services group expects its revenue to be close to the consensus of 13.5 billion dollars, with net corporate costs in line with forecasts of 210m-215m dollars, excluding FX factors.
TechnipFMC expects an adjusted EBITDA margin for all segments at least in line with expectations, i.e. at least 11.5% for subsea, 16.5% for onshore/offshore and 10% for its surface technology segment.
Copyright (c) 2020 CercleFinance.com. All rights reserved.