Report
Jean-François Granjon

GTT : Worthy earnings and outlook to mark the group’s 10 years on the stock market: Happy Birthday! – New target price of € 170 (vs € 160)

>EBITDA at the top of the range, 4% ahead of our expectations - These are clearly very high-quality results, with sales up 39% at € 427.7m, which reflects a sharp improvement in H2 (+53% vs +23% in H1). EBITDA came in at the top of the guidance range at € 234.5m (€ 190-235m), +45.6% (+60% in H2 vs +30.7% in H1) or an EBITDA margin of 54.8% (+240bp). The dividend is up 40.6% at € 4.36.Upgrade of 9% to our 2024 EBITDA estimates - Strong sales growth ac...
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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