GTT (Gaztransport

Equities

GTT

FR0011726835

Oil & Gas Transportation Services

Market Closed - Euronext Paris Other stock markets 11:39:25 2024-04-26 am EDT			5-day change	1st Jan Change
130 ^EUR	+0.54%		-6.54%	+8.42%

Apr. 22	GTT : Q1: An LNG-backed growth spree
Apr. 22	CAC40: falling interest rates desensitize Europe to W-Street	CF

GTT: contract for the design of eight LNG carrier tanks

February 13, 2024 at 12:10 pm EST

GTT announces that it has received an order from a Chinese shipyard to design the tanks for eight new very large LNG carriers.

GTT will design the tanks for these eight LNG carriers, each of which will offer five tanks with a total capacity of 27,1000 m3, and will incorporate the Super+NO96 membrane containment system developed by GTT.

Delivery of the ships is scheduled between the second quarter of 2028 and the fourth quarter of 2029, says the firm.

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Latest news about GTT (Gaztransport

GTT : Q1: An LNG-backed growth spree	Apr. 22
CAC40: falling interest rates desensitize Europe to W-Street	Apr. 22	CF
CAC40: +0.4% rebound despite interest rates at their zenith; Gold at -2.2	Apr. 22	CF
GTT Group Names New CEO After Chairman/CEO Role Split	Apr. 22	MT
CAC40: slightly down, remains just above 8000 pts	Apr. 22	CF
GTT: new CEO in June	Apr. 22	CF
GTT: 81% sales growth in Q1	Apr. 22	CF
Transcript : Gaztransport & Technigaz SA, Q1 2024 Earnings Call, Apr 19, 2024	Apr. 19
GTT Confirms Consolidated Earnings Guidance for the Year 2024	Apr. 19	CI
GTT reports consolidated revenue results for the first quarter ended March 31, 2024	Apr. 19	CI
Gaztransport & Technigaz SA Appoints Jean-Baptiste Choimet as Chief Executive Officer, Effective June 12, 2024	Apr. 19	CI
GTT: tank order for eight new LNG carriers	Apr. 17	CF
GTT: approvals in principle for a new solution	Apr. 03	CF
GTT: DNCA Finance holds over 5% of share capital & voting rights	Mar. 20	CF
GTT: contract to design tanks for three vessels	Mar. 19	CF
GTT: successful placement of shares by Engie	Mar. 14	CF
Engie Divests Residual Stake in Gaztransport & Technigaz via Share Issue	Mar. 14	MT
Engie: successful placement of GTT shares	Mar. 14	CF
Berenberg Downgrades GTT to Hold From Buy, Raises PT	Mar. 07	MT
GTT : Berenberg lowers its recommendation to 'hold'.	Mar. 07	CF
GTT: Berenberg considers the stock to be well valued, and it falls back	Mar. 07	CF
GTT : Q4: “Higher for longer” dividend supported by the growing order book	Feb. 27
Oddo BHF Lifts GTT Group PT, Maintains Outperform Rating	Feb. 27	MT
GTT : Oddo BHF raises its target	Feb. 27	CF
US Futures Flat, European Stocks Mostly Rise	Feb. 27	DJ

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Company Profile

Gaztransport & Technigaz is the world's leader in designing cryogenic membrane containment systems used for the marine transport and Liquefied Natural Gas (LNG) storage. Net sales in 2022 break down by source of income as follows: - collection of fees (91%): income from the construction of LNG tankers (86.7% of net sales in 2022), floating units of production, storage and offloading of LNG (5.5%), floating units of LNG liquefaction and storage units (2.4%), floating units of LNG storage and regasification of LNG (2.2%), land-based reservoirs of LNG storage (0.8%), and other (2.7%); - sale of services (7.5%): engineering, consulting, training, assistance to the maintenance and technical studies implementation services; - sales of hydrogen (1.5%).

Sector

Oil & Gas Transportation Services

Calendar

2024-06-11 - Shareholders Meeting

Related indices

STOXX EUROPE 600 (EUR) , CAC Mid 60

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Income Statement Evolution

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Analysis / Opinion

GTT : Q1: An LNG-backed growth spree

April 22, 2024 at 12:40 pm EDT

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Ratings for GTT (Gaztransport

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

130 EUR

Average target price

164.6 EUR

Spread / Average Target

+26.62%

Consensus

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Quarterly earnings - Rate of surprise

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