France · Delayed Price · Currency is EUR Gaztransport & Technigaz Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong order intake and stable revenue, with robust performance in both Energy and Marine divisions. Guidance for 2026 is reaffirmed, and no direct business impact from Middle East tensions is observed. Marine division growth is driven by Danelec integration and new contracts.
Fiscal Year 2025
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2025 delivered record revenue, EBITDA, and net income, supported by a robust LNG market, strong order book, and digital expansion. 2026 guidance remains solid with high margins and continued dividend policy, while long-term LNG carrier demand is revised upward.
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Revenues rose 29% to EUR 600 million in the first nine months of 2025, driven by strong order intake and the Danelec acquisition. Upgraded guidance reflects robust demand, despite regulatory and competitive challenges.
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H1 2025 saw revenue up 32% and EBITDA up 49% year-over-year, with a 68% EBITDA margin and a robust order book. The Danelec acquisition and Elogen restructuring mark key strategic moves, while strong LNG demand and regulatory changes support a positive outlook.
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The acquisition of a leading maritime digitalization firm for EUR 194 million will expand the installed base to 17,000 vessels, create significant revenue synergies, and position the group as a global leader in vessel performance management and safety. Recurring revenues and growth potential are strong, with integration expected to complete in H2 2025.
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Q1 2025 saw 32% revenue growth to €191 million, driven by strong LNG and digital orders, while Elogen revenues declined amid repositioning. 2025 guidance is reaffirmed, with robust order books and a positive long-term LNG demand outlook, despite market uncertainties.
Fiscal Year 2024
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Record 2024 results with revenue up 50% to €641 million and EBITDA up 65% to €388 million, driven by strong LNG and ethane carrier demand, digital growth, and innovation. 2025 guidance targets further revenue and EBITDA growth, with robust order book and dividend.
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Q3 saw record order momentum and a 55% revenue increase year-over-year, with strong growth in services and digital solutions. Guidance is raised to the top of the range for revenue and EBITDA, while innovation and sustainability investments continue.
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Record H1 2024 results with revenue up 66% and EBITDA up 70%, driven by strong LNG demand and innovation. Order book at all-time high, guidance confirmed, and interim dividend nearly doubled. Key risks include shipyard capacity and nascent market exposure.