Revenues of 57 million euros in Q1 2017

2017-04-11

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  • New orders in Q1 2017: 4 FSRUs and 1 LNG carrier
  • 6.6% increase in revenues from services
  • 2017 targets confirmed

 

Paris, April 11, 2017 - GTT (Gaztransport & Technigaz), an engineering company specialised in the design of membrane containment systems for the maritime transportation and storage of liquefied gas, announces its first quarter revenues for 2017.

 

Key figures for Q1 2017

 

(in thousands of euros)

Q1 2016

Q1 2017

Change

Revenues

58,555

56,872

(2.9%)

 

 

 

 

From royalties

55,360

53,468

(3.4%)

LNG carrier/ethane carrier

49,922

46,647

(6.6%)

FSRU[1]

4,435

6,310

+42.3%

FLNG[2]

633

435

(31.3%)

Onshore storage

192

-

nm

Barge

177

76

(57.1%)

From services

3,195

3,404

+6.6%

 

Philippe Berterottière, Chairman and CEO of GTT, commented: “The first quarter of 2017 saw GTT win four new FSRU orders, reflecting the entry of new importing countries into the LNG market, which confirms the long term growth perspectives on this market. We are pleased to have positioned ourselves at the right time on this activity segment, a real complement to the LNG carrier segment. We continued to prepare for the future by presenting our brand-new dedicated LPG membrane system, GTT MARSTM, at the Gastech conference and exhibition. At financial level, our revenues in the first three months of the year are in line with our expectations and we are carefully monitoring our cost base in order to safeguard our competitiveness.”

 

[1] Floating Storage Regasification Unit

[2] Floating Liquefied Natural Gas vessel 

 

Investor Relations Contacts
information-financiere@gtt.fr / + 33 1 30 23 42 26 / + 33 1 30 23 20 87

Media Relations Contacts
press@gtt.fr / +33 1 30 23 42 24