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GTT: Q1 sales leap 81%

( - On riday evening GTT reported an 81.
2% increase in Q1 2024 sales to E144.8m, with almost all (E133.2m) relating to new construction, while E3m were at the Elogen electrolyzer business and E8.6m in services.

At 31 March 2024, the specialist in membrane containment systems dedicated to the transport and storage of liquefied gases had an order backlog, excluding LNG fuel, of 329 units, compared with 311 units three months earlier.

In the absence of any significant postponements or cancellations of orders, GTT confirms that it is targeting sales of E600m to E640m and EBITDA of E345m to E385m for 2024, as well as a minimum dividend payout ratio of 80% of net income.

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