Gaztransport et technigaz SA

GTT

Equity

ISIN FR0011726835 / Valor 23755397

Euronext - Euronext Paris (2024-12-23)

EUR 128.00-0.85%

Gaztransport et technigaz SA
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About company

Gaztransport et Technigaz SA (GTT) is a French engineering company specializing in the design and construction of advanced storage systems for the maritime transport of liquefied natural gas (LNG). As a leading advisory partner for shipyards, GTT provides expertise in the qualification, design, and construction methods necessary for the development of LNG carriers. The company plays a crucial role in the selection of subcontractors, ensuring that all aspects of the construction process meet the highest standards of quality and efficiency. GTT's innovative approach and technical expertise have positioned it as a key player in the LNG industry, supporting the global demand for cleaner energy transportation solutions.

Summarized from source with an LLMView SourceSector: Energy

Revenue Growth

Gaztransport et technigaz SA reported a significant increase in revenue for the fourth quarter of 2023. The company achieved revenues of €428 million, marking a 39% growth compared to the same period in the previous year. This substantial rise in revenue underscores the company's strong market position and successful business strategies.

EBITDA Performance

In the fourth quarter of 2023, Gaztransport et technigaz SA's EBITDA reached €235 million, reflecting a 46% increase year-over-year. The EBITDA margin also improved, standing at 55%, which highlights the company's operational efficiency and effective cost management during this period.

Free Cash Flow

Gaztransport et technigaz SA reported a notable increase in free cash flow for Q4 2023, amounting to €219 million. This represents a 53% growth compared to the previous year, indicating strong cash generation capabilities and financial health of the company.

Dividend Announcement

For the fourth quarter of 2023, Gaztransport et technigaz SA announced a dividend of €4.36 per share. This dividend reflects the company's commitment to returning value to its shareholders, supported by a robust payout ratio of 80%.

Order Book and Market Outlook

Gaztransport et technigaz SA's order book for Q4 2023 included 311 units, valued at €1,815 million, with a strong focus on LNG as fuel. The company anticipates continued growth in the LNG market, driven by increasing demand for liquefied natural gas carriers and favorable market conditions, positioning it well for future success.

Summarized from source with an LLMView Source

Key figures

7.29%1Y

59.5%3Y

46.5%5Y

Performance

25.2%1Y

28.9%3Y

31.9%5Y

Volatility