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Tuesday, October 17, 2017

GTT Confirms Targets for 2015 and 2016

December 22, 2015

Image Courtesy GTT

Image Courtesy GTT

 

GTT (Gaztransport & Technigaz), the world leader in design and engineering of containment systems for maritime transportation and storage of LNG (Liquefied Natural Gas), confirms its targets for 2015 and 2016.

In an environment which is still contrasted and in light of the current volatility of its share price, GTT  specifies that it has not experienced any material changes in its operations since its third quarter 2015 activity announcement on October 19, 2015.

Taking into account the high level of the order book, the current pace of vessels' construction, as well as sustained service activity, and subject to any significant delays or cancellations in orders, GTT's management can therefore confirm its targets, namely:

In 2015:
Revenues roughly equivalent to 2014, or close to €227 million.
A net margin of circa 50%,
A dividend payout ratio of at least 80% of the net income available for distribution.
In 2016:
A revenue growth of more than 10% vs 2015, which represents more than €250 million of revenues.

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