Strong revenue growth of 55% in first nine months of 2024 for GTT

From GlobeNewswire: 2024-10-25 11:45:00

In the first nine months of 2024, GTT reports revenues of 465 million euros, a 55% increase from the previous year. The company secured orders for 68 LNG carriers, 12 ethane carriers, 1 FSRU, and 1 FLNG unit. Revenues for Services activities are up 41%, with new contracts and digital solutions gaining traction. Innovation remains a focus, with approvals for new technologies and strategic ventures.

GTT’s commercial performance in 2024 has been robust, with orders for LNG carriers, ethane carriers, and vessels powered by LNG. Revenue growth reached 55% compared to the same period in 2023, driven by increased LNG carrier construction. Services activities, including digital solutions, saw a 41% revenue increase. The company continues to focus on innovation and strategic investments.

During the first nine months of 2024, GTT experienced strong order momentum, particularly in LNG carriers, ethane carriers, and LNG-powered vessels. Revenues surged by 55% compared to the previous year, driven by growing demand for LNG transportation. The company’s Services activities also saw significant growth, with new contracts and digital solutions contributing to rising revenues.



Read more at GlobeNewswire:: Nine-month 2024 revenues stand at 465 million euros,