French engineering giant Technip saw profits rise in 2013 on the back of increased revenues and order intake.

The company posted a profit of €563.1 million ($773.3 million) for 2013, up 3.6% on the €543.3 million profit booked the previous year.

The rise in profits came as Technip generated more than €9.3 billion, up 13.8% on the €8.2 billion the company generated in 2012.

Helping boost revenues was the company’s onshore/offshore division which brought in €5.2 billion in 2013, up 26.4% on the nearly €4.2 billion generated the prior year.

The company’s subsea division also posted a slight rise in revenue, bringing in nearly €4.1 billion versus just over €4 billion in 2012.

Order intake for 2013 amounted to nearly €12 billion, up from €11.6 billion the previous year, while the company’s backlog as of 31 December stood at nearly €16.6 billion.

“Our focus in the year ahead will be on demonstrating our execution capability, delivering our projects safely and reliably, so as to drive profitable growth over 2014, 2015 and beyond,” Technip chief executive Thierry Pilenko said.

“We will maintain our strategic direction – profitability and diversification in our project portfolio, prudent investment in key assets, development of proprietary technology, and being closer to our clients through local presence and investment.”

For the year ahead, Technip expects subsea revenue to grow to between just under €4.4 billion and nearly €4.8 billion, with operating margin of at least 12%.

In the onshore/offshore division the company expects revenue growing to between €5.4 billion and €5.7 billion, with operating margin between 6% and 7%.

In 2015 it expects subsea revenue to hit €5 billion, with operating margin between 15% and 17%, while it also expects onshore/offshore revenue to grow “modestly” with stable operating margins.