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GTT Revenues of €88 million in the first quarter of 2021

Nachrichtenquelle: globenewswire
19.04.2021, 17:45  |  176   |   |   

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
Revenues 102,481 87,557 -15%
       
Of which new builds 99,433 82,846 -17%
LNG carriers/VLEC 86,939 72,214 -17%
FSU1 0 1,961 nm
FSRU2 9,446 3,440 -64%
FLNG3 833 726 -13%
Onshore storage 0 425 nm
GBS4 511 987 +93%
vessels fuelled by LNG 1,705 3,093 +81%
From services 3,048 4,711 +55%

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.

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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&DNew contract with E.ON for Elogen2021 targets confirmed Paris, 19 April 2021 …

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