GTT : Excellent interims – Visibility strengthened for 2021 and 2022
>An atypical and positive publication - This good quality set of figures (ahead of our expectations) underpins the targets forecast for FY 2020. Interim revenues came in at € 203.7m (€ 191m estimated) vs € 122.6m, up 66.2%. They reflect the smooth execution of orders booked since 2017. EBITDA came in at € 136.5m (€ 110.9m estimated) vs € 70.9m (+92.7%). We note the very marked improvement in EBITDA margins (67% vs 57.8%) and the underlying operating margin (65.7% vs 5...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.
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.
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