The company said revenue was up 14.2% to 2.02 billion euros ($2.63 billion) in the first quarter, while net income rose 3.6% to 116.2 million euros, from 112 million euros last year.

Its backlog increased by almost one-fifth from 12.3 billion euros to 14.78 billion euros, driven by order intake but partially offset by currency movements.

Technip chief executive Thierry Pilenko said order intake was strong in its subsea sector, as the West African market saw some long-awaited projects sanctioned.

Subsea’s