GTT: annual net income up 73%.
(CercleFinance.com) - Engineering company GTT has announced a 72.
7% increase in net income to E347.8m and a 65.5% increase in EBITDA to E388.1m for 2024, slightly exceeding its target range, largely thanks to 'good cost control'.
The LNG containment specialist adds that sales climbed by 50% to E641.4m, benefiting from the increase in the number of LNG carriers under construction and, to a lesser extent, from growth in the digital business.
The Board of Directors has decided to propose a dividend of E7.50 per share for 2024, up 72%, to the AGM on 11 June, representing a payout ratio of 80% of net income. Taking into account the interim dividend already paid, the balance will be E3.83.
GTT forecasts sales of E750m to E800m and EBITDA of E490m to E540m for 2025, and aims to distribute a dividend for the coming year corresponding to a minimum payout ratio of 80% of net income.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
7% increase in net income to E347.8m and a 65.5% increase in EBITDA to E388.1m for 2024, slightly exceeding its target range, largely thanks to 'good cost control'.
The LNG containment specialist adds that sales climbed by 50% to E641.4m, benefiting from the increase in the number of LNG carriers under construction and, to a lesser extent, from growth in the digital business.
The Board of Directors has decided to propose a dividend of E7.50 per share for 2024, up 72%, to the AGM on 11 June, representing a payout ratio of 80% of net income. Taking into account the interim dividend already paid, the balance will be E3.83.
GTT forecasts sales of E750m to E800m and EBITDA of E490m to E540m for 2025, and aims to distribute a dividend for the coming year corresponding to a minimum payout ratio of 80% of net income.
Copyright (c) 2025 CercleFinance.com. All rights reserved.