Report
Jean-François Granjon

GTT : Earnings beat, guidance confirmed

>H1 earnings 10% higher than our estimate - As in Q1 (+81%), GTT reported satisfactory sales for H1, up 65.8% to € 294.8m (ODDO BHF estimate: € 283.2m, consensus: € 292.4m) vs € 177.8m in H1 2023. This means 53% growth in Q2 despite a rather tough comparison base (+28.8%). H1 EBITDA grew 70% to € 177.2m (ODDO BHF estimate: € 161.4m, consensus: € 168.5m) vs € 104.1m in H1 2023 for a 60.1% margin (vs 58.6% in H1 2023, +150bp). Likewise, EBIT reached € 172.2m (+72.9%) wi...
Underlying
Gaztransport & Technigaz SA

Gaztransport & Technigaz is an engineering company specialized in membrane containment systems for liquefied gas transport and storage. Co. designs and markets technologies which combine operational efficiency and safety to equip liquefied natural gas (LNG) carriers, LNG floating platforms and multi-gas transport vessels. Co. also provides solutions for onshore storage tanks and the use of LNG as a fuel for vessels propulsion as well as a wide range of services in engineering, consultancy, training, maintenance assistance and technical studies at each stage of the liquefied gas chain.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jean-François Granjon

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