PARIS (Thomson Financial) - Technip posted first-quarter profit 32 percent
higher at 89.9 million euros, but cut its full-year sales forecast to between
7.4 billion and 7.6 billion euros from its previous level of 8 billion euros
"subsequent to foreign exchange translation impact".
The group reaffirmed its target of 10 percent sales growth in its subsea
division.
First-quarter sales reached 1.816 billion euros, compared with 1.774 billion
euros in the first quarter of 2007.
helen.beresford@thomsonreuters.com
afp/hem/ak
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