GTT

€306 million in revenue for the first nine months of 2020 - Seite 3

The green-hydrogen market today is fast expanding, notably driven by major energy companies who seek to make their energy production greener, and by numerous national government development plans, as well as a European plan announced in July 2020.

This acquisition enables GTT to enrich its technological portfolio with an expertise in green hydrogen, an crucial component of the energy mix for the next decades.

The Areva H2Gen acquisition confirms GTT's commitment to continue to develop advanced technologies for better energy efficiency. It fully matches GTT's development strategy, which is based on growth drivers allowing it to leverage its technological expertise and its knowledge of energy production and transportation players.

Funded in cash, these acquisitions have no significant impact on the Group's financial structure.

Order book

Since January 1, 2020, GTT’s order book excluding LNG as fuel numbered 133 units at that date, and it changed as follows:

• 18 LNG carrier orders
• 4 VLEC orders
• 1 FSRU order
• 2 FSU orders
• 3 onshore storage tank orders
• 23 deliveries of LNG carriers;
• 2 FSRU deliveries
• 1 FLNG delivery

Thus, at September 30, 2020, the order book excluding LNG as fuel stood at 135 units, breaking down as follows:

• 108 LNG carriers
• 10 VLECs
• 5 FSRUs
• 2 FSUs
• 1 FLNG
• 3 GBSs
• 6 onshore storage tanks

Regarding LNG as fuel, including the 2 deliveries of a bunker vessel and of the first ultra large containership for CMA CGM, at September 30, 2020, the number of vessels in the order book stood at 17 units. 

Consolidated revenue

(in thousands of euros)	9M 2019		9M 2020	Change
Revenue		199,687	305,649	+53.1%
Of which new builds		188,936	295,433	+56.4%
LNG carriers/VLEC		157,579	263,462	+67.2%
FSRU1		19,270	19,717	+2.3%
FLNG2		3,788	3,272	-13.6%
Onshore storage		1,955	599	-69.4%
GBS3		-	1,862	nm
Barges		529	-	nm
LNG as fuel		5,815	6,521	+12.1%
From services		10,751	10,216	-5.0%

Revenues in the first 9 months of 2020 benefit fully from the flow of orders over the last two years. Revenues for the first nine months of 2019 were €305.6 million, up 53.1% year on year.