(News Bulletin 247) – Oddo maintains its outperformance rating on TechnipFMC stock, with a price target raised from $14.7 to $19.

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TechnipFMC is optimistic about the outlook for the Subsea segment and has raised its expectations for 2025, reports the analyst, which indicates that it is raising its sequence of results for 2023/25 by 22% on average.

However, the results for the 4th quarter came out below expectations, with group EBITDA of $120.9 million (consensus / ODDO BHF $155 million) and EPS at -0.03 $ against expectations of +0.03 $.

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TechnipFMC nevertheless raised its forecasts for 2025, anticipating Subsea sales of around $8 billion (vs. $7 billion before) for an EBITDA margin of 18% (vs. 15% before).

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