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France's GTT 9M revenue falls 4.9% on fewer LNG carriers

By Reuters News


Overview

  • France membrane containment systems provider's 9M 2026 revenue fell 4.9% yr/yr to 570.1 mln EUR

  • Revenue decline reflects fewer LNG carriers under construction due to prior yr order intake

  • Company confirmed 2026 objectives despite uncertain geopolitical context


Outlook

  • GTT sees 2026 consolidated revenue between EUR 740 mln and EUR 780 mln

  • Company expects 2026 consolidated EBITDA between EUR 490 mln and EUR 530 mln

  • GTT confirms 2026 objectives despite uncertain geopolitical context


Result Drivers

  • FEWER LNG CARRIERS - Co said revenue decline mainly reflected a lower number of LNG carriers under construction, linked to low order intake in 9M 2025

  • DELIVERY TIMING - Realignment of ship delivery dates with contractual milestones caused a slight shift in revenue

  • CERTIFICATION SLOWDOWN - Revenue from services to operations declined due to slower certification business


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

EUR 570.10 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"

  • The average consensus recommendation for the oil & gas transportation services peer group is "buy"

  • Wall Street's median 12-month price target for Gaztransport et Technigaz SA is €238.00, about 19.9% above its October 22 closing price of €198.50

  • The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago


Reuters Recommended Reads

  • Oct 22 - QatarEnergy locks in US LNG supply from Cheniere as Hormuz disruption drags on

  • Oct 22 - France's Maurel & Prom 9M sales rise 17% on higher oil prices

  • Oct 22 - Novatek hopes Europe will to reconsider its ban on Russian LNG, Ifx reports


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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