Provided by Dow Jones By Mauro Orru BASF SE s first-quarter sales rose 16% on year to EUR19.4 billion, but all segments were dampened by currency effects, mostly due to a weaker U.S. dollar and Brazilian real. The German chemicals company had assumed the euro would average $1.18 against the dollar in the first quarter. Barring a few days at the end of March, the euro traded above $1.18 for that period and was above $1.20 for most of January and February. Its closing level on March 31 was $1.1731, according to FactSet. Currency effects of minus 6 percent were mainly related to the devaluation of the U.S. dollar as well as the Brazilian real, a BASF spokesman tells Dow Jones, adding these were most pronounced in the Surface Technologies and in Agricultural Solutions segments.
TechnipFMC Receives Notice to Proceed for Subsea Contract for Santos Barossa Project Offshore Australia
édité le 28/04/2021 - Plus de news de TechnipFMC - Voir la fiche entreprise de TechnipFMC
TechnipFMC announced it has received a Notice to Proceed for a significant(1)subsea production system contract from Santos Ltd. for the Barossa project, located 300 kilometers north of Darwin, Australia, at a water depth of approximately 130 meters.
The contract scope covers the supply of subsea trees and associated control systems, manifolds and wellheads, as well as installation and commissioning support, which will help to extend the life of the existing Darwin LNG facility.
Press release content from Business Wire. The AP news staff was not involved in its creation.
TechnipFMC plc Announces the Sale of a ca. 14% Stake in Technip Energies N.V.
April 27, 2021 GMT
Regulatory News:
TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982):
This press release is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
TechnipFMC plc: TechnipFMC Announces First Quarter 2021 Results
Cash flow from continuing operations $182 million, free cash flow $137 million
Subsea inbound orders more than doubled sequentially to $1.5 billion
New partnerships leverage subsea expertise for integrated wind, wave energy
Regulatory News:
Summary Financial Results from Continuing Operations
Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.
Three Months Ended
March 31,
$0.95
$(0.03)
(11.9%)
Total Company revenue in the first quarter was $1,632 million. Income from continuing operations attributable to TechnipFMC plc was $430.3 million, or $0.95 per diluted share. These results included income from the Company s equity investment in Technip Energies of $470.1 million primarily related to a favorable change in fair market value. After-tax charges and credits totaled $444.8 million of credit, or $0.99 per diluted share. Adjusted loss from continuing operations
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