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GTT: Q1 sales up 74%

(CercleFinance.com) - On Friday evening the engineering group specialised in LNG containment systems GTT announced Q1 2020 sales of 102.
5 million euros, up 74% y-o-y.

Since the start of 2020, the group has obtained four orders for LNG carriers and has also signed two service contracts with shipowners. On the financial side, revenues are now fully benefiting from the influx of orders in 2018 and 2019 and registered a sharp rise in Q1 2020 y-o-y, which was based on older orders, group Chairman and CEO Philippe Berterottière said.

The group has also confirmed its FY 2020 targets, including consolidated revenues of 375 million to 405 million euros and consolidated EBITDA of 235 million to 255 million euros.


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