Gaztransport & Technigaz SA/€GTT

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About Gaztransport & Technigaz SA

Gaztransport & Technigaz SA is a French engineering company specializing in the design and development of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG). With its headquarters located in Saint-Rémy-lès-Chevreuse, France, the company provides advanced technologies and products for LNG carriers, Floating Storage and Regasification Units (FSRUs), Floating Liquefied Natural Gas units (FLNGs), and onshore storage tanks. Founded in 1994, it has a well-established presence in the LNG sector, leveraging its patented membrane technology to enhance efficiency and safety in LNG transport and storage. Gaztransport & Technigaz SA operates globally, serving shipyards, gas companies, and shipowners by offering consulting, engineering support, and specialized training services. Its competitive strength lies in its ongoing innovation and technology development, responding to the evolving needs of the LNG industry with tailored, high-performance solutions.
Ticker
€GTT
Sector
Energy
Primary listing
PAR
Employees
732
Website
www.gtt.fr

GTT Metrics

BasicAdvanced
€8B
18.30
€11.92
0.44
€8.94
4.10%

Bulls say / Bears say

Major LNG carrier order win: GTT secured an order from HD Korea Shipbuilding & Offshore Engineering for the tank design of four new LNG carriers, to be fitted with its Mark III membrane system and delivered between Q2 and Q4 2029 (boursorama.com)
Strong FY 2025 financials: GTT reported consolidated revenues up 25% to €803 M and EBITDA up 40% to €542 M in 2025, reflecting robust profitability growth (live.euronext.com)
Robust long-term backlog: as of Dec 31, 2025, GTT’s core business orderbook comprised 288 units, translating to €1.6 bn of secured royalty revenues through 2029 (gtt.fr)
Emerging alternative containment technologies: Kogas’ KC-1 membrane system promises approximately 10% cost savings versus traditional membranes, posing a risk to GTT’s royalty-based model (energy-analytics-institute.org)
2026 revenue guidance below 2025 level: GTT forecasted consolidated revenues of €740 M–€780 M for 2026, down from €803 M in 2025, indicating potential sales contraction amid market cyclicality (gtt.fr)
Elogen unit remains loss-making: GTT’s green hydrogen subsidiary Elogen recorded a negative EBITDA of €16.1 M and incurred €45 M of non-current operating expenses in H1 2025, creating ongoing drag on group cash flows (live.euronext.com)
Data summarised monthly by Lightyear AI. Last updated on 4 Sept 2026.

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