Half Year 2026 Gaztransport et Technigaz SA Earnings Call Transcript
Key Points
- Gaztransport et technigaz SA (GZPZF) recorded 65 new orders in the first half of 2026, including 56 new LNG carriers, indicating strong demand and commercial momentum.
- The company's order book reached a historic high of EUR1.9 billion as of June 30, 2026, providing strong visibility and confidence for future revenues.
- Gaztransport et technigaz SA (GZPZF) reported a solid EBITDA margin of 68.1% and a net income of EUR210 million, reflecting strong financial performance.
- The company announced an interim dividend of EUR4.30 per share, demonstrating a commitment to returning value to shareholders.
- Gaztransport et technigaz SA (GZPZF) is expanding its service offerings and digital solutions, particularly through the integration of Danelec, which is expected to drive future growth.
- Despite strong order intake, the revenue for the first half of 2026 remained flat year-on-year at EUR387 million, due to a lower number of energy carriers under construction.
- The company is cautious about potential impacts from geopolitical tensions in the Middle East, which could affect supply chains and delivery schedules.
- There were no new orders for LNG as a fuel in the first half of 2026, indicating challenges in this segment as the company revamps its strategy.
- The Elogen division continues to face challenges, with a reduction in workforce from 110 to 45 people and ongoing financial losses.
- Gaztransport et technigaz SA (GZPZF) maintained a cautious outlook for the full year 2026, not revising its guidance despite a strong first half, due to potential delays in ship construction schedules.
Good morning everyone.
I am very pleased to welcome you all here in Paris and online today for GTC's activity updates for the first half of 2026. I am here with Thierry Auchois, our CFO, and together we will walk you through, as usual, our key business highlights, our financials for the first half of the year. And a couple of updates also on our two divisions, GTT Marine second and GTT Energy first.
Thierry will elaborate on our financials for the first half of the year and I will share with you closing remarks before we open the floor to your questions.
An important.
Figure of course for this first half of 2026 is the 65 new orders that we have recorded over the first half of the year, including 56 new LNG carriers, which is very much in line with what we expected the last time we spoke.
Second, despite the high pace of deliveries. The sustained commercial momentum led to an increase of our order book, amounting to a very high level of EUR1.9 billion
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