Thierry Ochoa
Chief Financial Officer
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Gaztransport & Technigaz S.A. (GZPZY) Q2 2026 Earnings Call
Gaztransport & Technigaz S.A. (OTC: GZPZY) Q2 2026 earnings conference call, held 2026-07-29. Replay captured from the company's public earnings webcast.
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WEBVTT 00:00:00.071 -- 00:00:02.193 Good morning, everyone. 00:00:02.193 -- 00:00:08.198 I am very pleased to welcome you all here in Paris and online today 00:00:08.198 -- 00:00:14.184 for GTC's activity update for the first half of 2026. 00:00:14.184 -- 00:00:19.308 I am here with Thierry Ochoa, our CFO, and 00:00:19.308 -- 00:00:22.329 together... S.A. 00:00:51.485 -- 00:00:57.390 An important figure, of course, for this first half of 2026 is 00:00:57.390 -- 00:01:02.695 the 65 new orders that we have recorded over the first half of the year, 00:01:02.695 -- 00:01:04.616 including 56 00:01:04.616 -- 00:01:07.459 new LNG carriers, 00:01:07.459 -- 00:01:13.464 which is very much in line with what we expected the last time we spoke. 00:01:13.464 -- 00:01:18.487 Second, despite the high pace of deliveries, the sustained 00:01:18.487 -- 00:01:24.010 commercial momentum led to an increase of our order book 00:01:24.010 -- 00:01:30.114 amounting to a very high level of 1.9 billion euros on June 30th, 00:01:30.114 -- 00:01:35.060 amongst the very highest level in the history of the company. 00:01:35.060 -- 00:01:39.722 Revenue came in as expected at €387 00:01:39.923 -- 00:01:44.926 million, EBITDA at €264 million, the EBITDA margin 00:01:44.926 -- 00:01:47.506 is good, 68.1%, 00:01:47.827 -- 00:01:52.750 and net income is at €210 million. 00:01:52.750 -- 00:01:57.893 In view of this performance, the Board of Directors has approved the payment of 00:01:57.893 -- 00:02:02.855 an interim dividend of €4.30 per share. 00:02:04.016 -- 00:02:05.637 Now, 00:02:05.637 -- 00:02:07.618 looking back 00:02:07.618 -- 00:02:12.719 at the commercial dynamics of GTT Energy, as I was saying, the 00:02:12.719 -- 00:02:18.481 first half of 2026 is very much in line with our expectations. 00...