Full Year 2015 Results


Full Year 2015 Results

2015 revenues and net margin in line with announced targets

2016 revenue target confirmed at more than €250 million

2016 net margin target at more than 50%

2015 key figures
  • 35 orders received during the year
  • Revenues of €226.5 million
  • Net margin of 51.8%
  • Proposed dividend of €2.66 per share[1]
  • First LNG bunker barge ordered for the North American market
  • Cooperation agreements for the industrialisation of two new technologies: Mark V and NO96 Max
  • First licensing agreement with an Indian shipyard

Paris, 18 February 2016 - GTT (Gaztransport & Technigaz), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), announces its results for the full-year 2015.

2015 summary income statement

(in thousands of euros, except for EPS)




Revenues from operating activities




Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA[2])




EBITDA margin (on revenues, %)



+0.1 pt

Operating income (EBIT)




EBIT margin (on revenues, %)



+0.3 pt

Net income




Net margin (on revenues, %)



+0.9 pt

Net earnings per share[3] (EPS, in euros)





Philippe Berterottière, Chairman and Chief Executive Officer of GTT, commented: “In a volatile environment, our order book was again well-filled, with 35 new orders in 2015. This allows us to once more confirm our revenue target for 2016, at more than 250 million euros, and to anticipate for the same financial year a net margin of more than 50%. We also aim to distribute, for 2016 and 2017, an amount of dividend at least equivalent to that proposed for 2015.
Since our stock exchange listing, we have demonstrated that we are able to meet our targets. Our commercial success resides above all in our ability to develop our technologies and to offer shipyards and shipowners the safest, most efficient solutions at the optimum price. The best illustrations of this are the agreements signed with the leading South Korean shipyards for marketing our new Mark V and NO96 Max technologies, and the launch of new services for shipowners. From a financial point of view, we have a strong balance sheet and systematically seek the best trade-off between efficiency and flexibility through strict management of our resources.”

[1] Subject to approval by the Annual General Meeting of Shareholders on May 18, 2016.

[2] EBITDA corresponds to EBIT plus depreciation on fixed assets under IFRS.

[3] As at December 31, 2015, net earnings per share were calculated using the weighted average number of shares outstanding, or 37,064,407 shares.


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