News

A strong order book comprising 128 units for a total €800 million in revenues out to 2020.
Confirmation of 2015 and 2016 targets.

> 31 new orders in the first six months
> Revenues of 105 million euros
> Net margin of 51.7%
> Interim dividend payout of €1.30 per share

> Order placed for first LNG bunker barge for the North American market
> 2 FRSUs on order
> Cooperation agreements on industrialisation of Mark V system
> New subsidiary incorporated in Singapore

Paris – July 21, 2015 – GTT (Gaztransport & Technigaz), world leader in the design of Liquefied Natural Gas (LNG) containment and storage systems today announced its first half 2015 financial results.

Philippe Berterottière, Chairman and Chief Executive Officer of GTT, commented: “With an intake of 31 orders during the first half of 2015, we are pleased with the level of activity achieved in the first part of the year in a contrasted environment. Our order book is currently worth some 800 million euros in revenues out to 2020, giving GTT increased revenue visibility for the years ahead. The two cooperation agreements signed in the first half with two leading shipyards mark an important milestone in the industrialisation of our new Mark V technology and illustrate the momentum and validity of our innovation policy. The fall-off in first-half revenues can be put down to a high comparison base and time lag in shipbuilding milestones, and does not call our targets for the current financial year into question, i.e., a revenue level close to last year’s and a net margin of around 50%.”

Full press release

Investor Relations Contact:
information-financiere@gtt.fr/ + 33 130 23 42 26