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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  GTT - Gaztransport et Technigaz    GTT   FR0011726835

GTT - GAZTRANSPORT ET TECHNIGAZ

(GTT)
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GTT Gaztransport et Technigaz : CMA CGM selects GTT's Service portfolio to support its transition to LNG Fuel

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02/05/2020 | 04:11pm EDT

Communiqué de presse

CMA CGM selects GTT's Service portfolio

to support its transition to LNG Fuel

Paris - February 5th, 2020. GTT is pleased to announce that CMA CGM Group, a world leader in maritime transport and logistics, has chosen its global portfolio of services and assistance for the commissioning, operation and maintenance of its future 23,000 TFE (Twenty Foot Equivalent) LNG- powered container ships equipped with GTT membrane containment technologies. With an 18,600 m3 LNG tank, these ships are the largest container ships in the world to use LNG as fuel.

The GTT service package includes the training of crews of the CMA CGM fleet through the provision of the G-Sim® training simulator, specially adapted to replicate the LNG operations of CMA CGM vessels. GTT will also provide on board technical assistance during the commissioning of LNG tanks and during the first bunkering operations. If necessary, CMA CGM may use the "HEARS®" service, to obtain 24/7 technical assistance. Thanks to the data continuously collected on board, the GTT teams will be able to assist and advise CMA CGM teams as closely as possible. In addition, the analysis tools integrated in the connected version will allow a follow-up over time of the tanks and their insulation spaces.

With the entry into force of the latest amendment to MARPOL Annex VI (the Global Sulphur Cap) on 1 January 2020 and in order to facilitate the adoption of LNG as marine fuel, GTT continues to expand its portfolio of services to ship-owners. The GTT services portfolio facilitates ship-owners' entry into the world of LNG, a clean fuel.

Philippe Berterottière, Chairman and CEO of GTT, said: "We are constantly expanding our range of services to meet the new expectations of ship-ownersand are therefore very pleased to be able to support CMA CGM in the commissioning, operation and maintenance of its LNG powered vessels."

About GTT

GTT (Gaztransport & Technigaz) is an engineering company expert in containment systems with cryogenic membranes used to transport and store liquefied gas, in particular LNG (Liquefied Natural Gas). For over 50 years, GTT has been maintaining reliable relationships with all stakeholders of the gas industry (shipyards, ship-owners, gas companies, terminal operators, classification societies). The company designs and provides technologies which combine operational efficiency and safety, to equip LNG Carriers, floating terminals, and multi-gas carriers. GTT also develops solutions dedicated to land storage and to the use of LNG as fuel for the vessel propulsion, as well as a full range of services.

GTT is listed on Euronext Paris, Compartment A (ISIN FR0011726835 Euronext Paris: GTT) and is notably included in SBF 120 and MSCI Small Cap indices.

For more information, visit www.gtt.fr

Media contact:

press@gtt.fr/ +33 (0)1 30 23 42 26 - +33 (0)1 30 23 80 80

Investor Relations contact:

information-financiere@gtt.fr/+ 33 (0)1 30 23 20 87

Disclaimer

GTT – Gaztransport & Technigaz SA published this content on 05 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 February 2020 21:10:05 UTC

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Financials (EUR)
Sales 2019 276 M
EBIT 2019 163 M
Net income 2019 137 M
Finance 2019 180 M
Yield 2019 4,93%
P/E ratio 2019 17,6x
P/E ratio 2020 12,5x
EV / Sales2019 8,09x
EV / Sales2020 5,78x
Capitalization 2 413 M
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 94,66  €
Last Close Price 65,10  €
Spread / Highest target 69,0%
Spread / Average Target 45,4%
Spread / Lowest Target 21,4%
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Managers
NameTitle
Philippe Berterottière Chairman & Chief Executive Officer
Marc Haestier Chief Financial & Administration Officer
Karim Chapot Technical Director
Michèle Azalbert Director
Christian Germa Independent Director
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