Gaztransport & Technigaz S.A. (GZPZY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. I thank you very much to join us for this presentation of the GTT Alphorn 2025 results. In fact, GTT delivered very strong financial performance during these first six months. Let's look at that. The energy demand The LNG demand is remaining very strong as evidenced by four financial investment decisions already taken. Another key point is that we've acquired Danelec in May. Also, and we are going to talk about it, we are restructuring of Elogen and it's largely done. Our revenue has increased by 32% compared to the first six months of GTT last year, and our EBITDA has increased by 49%. And we have an EBITDA margin of 68%. That shows that we did not lose our lean and fit approach to costs and management. The order book is very strong and is supporting a long-term visibility. We have 280 energy carriers to deliver and we have 54 energy as a fuel tanks to deliver. which is more important than one we had in December 2024. I will leave the floor now to Thierry Vallaud, who is VP Innovation, Group VP Innovation. Thank you, Philippe. As highlighted earlier this year in our innovation roadmap, we remain committed to driving innovation across all fronts, enhancing our core technologies, developing maritime digitalization, enabling energy transition, and preparing the solutions for the future. But let me give you a few tangible results from this first half. We obtained three approvals in principles from leading classification societies, each reinforcing our leadership in our strategic markets. First, Bureau Veritas approved our ethane slim version of our Mark III and NO96 technologies, This creates a specific version of our membrane technologies for the ethane carriers with additional benefits in terms of cost, in terms of volume, and also ...