GTT reports strong revenue growth in Q1 2025, secures new orders and remains optimistic about future

From GlobeNewswire: 2025-04-17 11:45:00

Revenue for the first quarter of 2025 increased by 32%, reaching 191 million euros. GTT secured orders for 9 LNG carriers and 7 very large ethane carriers. The company remains optimistic about future investments in LNG projects, especially in the United States. Additionally, GTT is focusing on innovation and digital solutions to enhance its services.

In Q1 of 2025, GTT continued to receive orders for LNG and ethane carriers, with delivery scheduled for 2027-2031. The company also signed agreements with Chinese shipyards for technical assistance and licensing. Furthermore, GTT saw growth in the LNG-powered container ship market, receiving orders for 12 new vessels.

GTT’s consolidated revenue for Q1 2025 amounted to 190.5 million euros, a 31.6% increase from the same period in 2024. Revenue from new builds, LNG carriers, and ethane carriers all saw significant growth. Despite a decrease in revenue from LNG-powered vessels, the company’s overall performance was strong.

Looking ahead, GTT confirms its 2025 targets, including revenue between 750 million euros and 800 million euros, EBITDA between 490 million euros and 540 million euros, and a dividend payout target. The company remains committed to innovation and sustainability in the maritime sector.

For more information and detailed financial results, GTT will host a conference call on April 17, 2025. Investors and stakeholders can participate in the call to learn more about GTT’s performance and future outlook. The company’s financial agenda includes upcoming events like the Shareholders’ Meeting and publication of half-year results.



Read more at GlobeNewswire:: GTT: Q1 2025 Activity Update