For GTT, the impact of the Iranian crisis promises to be temporary and the action of the “king of LNG tankers” still has potential
This niche stock on the Parisian coast experienced a downturn after the presentation of its quarterly accounts. But his orders should quickly move forward.
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This niche stock on the Parisian coast experienced a downturn after the presentation of its quarterly accounts. But his orders should quickly move forward.
The turnover over the first nine months of 2026 of the gas engineering specialist Gaztransport et Technigaz (GTT) fell by 4.9% to 570.1 million euros, especially that of the LNG/ethane carrier activity (-11.4% to 467.9 million euros) after the drop in orders in 2025.
The 2026 guidance including a turnover of 740 to 780 million euros has been confirmed. At the same time, the number of “large equipment” in the backlog fell from 306 units in the 2nd quarter to 299 units in the 3rd quarter, including 266 LNG carriers.
Furthermore, Philippe Berterottière, CEO from 2009 to 2025 and now president, will leave this position on November 16, before the end of his mandate. He will be replaced by Catherine Ronge, independent director since 2021. Remember that François Michel has been general director of the group since January 5.
After reaching an absolute record at 227 euros in September, GTT shares fell to 173 euros on October 26, this publication – a Friday…
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Machine-translated from French
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Only Le Figaro reports this story so far. We show it as a single source until another newsroom confirms it.
- Le Figaro13 Nov, 13:07
| Publisher Le Figaro (established tier) | +76 |
| Detailed summary | +2 |
| Total | 78 |
Method: reports are grouped by the words of their headline and summary; each newsroom counts once; figures are read from the reports as published. Nothing here is written by an AI.