GTT Revenues of €88 million in the first quarter of 2021
Revenues of €88 million in the first quarter of 2021
- New orders for LNG carriers and ethane carriers
- Approval of new technologies highlighting the dynamism of GTT’s R&D
- New contract with E.ON for Elogen
- 2021 targets confirmed
Paris, 19 April 2021 - GTT (Gaztransport & Technigaz), a technology and engineering company specialising in the design of membrane containment systems for the transport and storage of liquefied gas, today announces its revenues for the first quarter of the 2021 financial year.
Consolidated key figures for the first quarter of 2021
|(in thousands of euros)||Q1 2020||Q1 2021||Change|
|Of which new builds||99,433||82,846||-17%|
|vessels fuelled by LNG||1,705||3,093||+81%|
Philippe Berterottière, Chairman and Chief Executive Officer of GTT, said: “Since the beginning of 2021, we have received six orders for LNG carriers and two orders for ethane carriers.
In addition, Qatar’s decision in February this year to invest in a new gas liquefaction plant, as well as the various other liquefaction projects under construction, represent significant order potential for our core business.
On the innovation front, we have obtained several approvals from classification societies to develop new innovative technologies. GTT maintains a constant effort on R&D to meet its customers' energy transition needs and the increased requirements they face. In addition, the new contract between Elogen and energy company E.ON demonstrates our subsidiary’s strong sales momentum and the attractiveness of its offer enabling the production of green hydrogen.