Technip Energies Nv

Hello to everyone, and welcome to Technip Energy's financial results for the first half of 2022. On the call today, our CEO, Arnaud Piertan, and our CFO, Bruno Biber, will present our business and financial highlights, as well as the outlook. And this will be followed by Q&A. Before we start, I would urge you to take note of the disclaimer and the forward-looking statements on slide two. I will now pass the call over to Arnaud.

Thank you, Phil. And welcome to our financial results presentation for the first half of 2022. Let's begin with a highlight. Our company's resilience is demonstrated by the strength of our financial performance in the first half of the year. Revenues of $3.3 billion included over $800 million related to Article NG2. The portfolio net of this project achieved year-over-year revenue growth of 18%. Furthermore, we are confident that revenues in the second half, excluding Arctic Energy 2, will exceed that of the first. Ebit margins have remained strong at 7.3%, excluding the Russian project, and we are raising our full-year margin outlook to at least 6.8% from at least 6.5% previously. Our energy transition portfolio continues to mature. And so far this year, we have secured more than 500 million in energy transition award, excluding LNG, with momentum particularly strong in the carbon capture market. Based on the strength of our positioning, we expect to reach around 1 billion of pure energy transition orders, therefore excluding LNG, by the end of this year.

Finally,