Gaztransport & Technigaz S.A. (GZPZY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is the conference operator. Welcome and thank you for joining the GTT First Quarter 2025 Activity Update Conference Call. As a reminder, all participants are in a listening mode. After the presentation, there will be an opportunity to ask questions. Anyone who wishes to ask a question may press star and 1 on the touch-tone telephone. Would anyone need assistance during the conference call, they may signal an operator who represents Star and Zero on the telephone. At this time, I would like to turn the conference over to Mr. Philippe Bertautier, Chairman and CEO of GDT. Please, go ahead, sir. Thank you very much. Good evening, everybody. I'm very pleased to be with you this evening. I'm joined this evening by Thierry Autour, CFO of the GTT Group, and Jean-Baptiste Garnier, Head of Investor Relations. Let's begin with a few key highlights. Q1 2025 marks a solid start to the year with revenue of 191 million euros, up 32% compared to Q1 2024. In the first three months, we received 16 new orders for our core business and 12 new orders for LNGSU. As for the global market environment, this quarter has been sort of a mixed bag. On the one hand, there were positive regulatory developments for the industry with the end of the moratorium and the removal of the construction deadline in the U.S. On the other hand, the current tariff dispute has added complexity to the environment. On the innovation front, we improved our position among French companies in the latest INPI ranking. In April, our venture capital fund announced an investment in Novomath, a specialist in advanced materials for compact and efficient CO2 capture designs, particularly relevant for maritime transports. These materials will help In digital, Essence Maraca opened a new fleet center in V...