Gaztransport & Technigaz SA (GZPZF) Q2 2025 Earnings Call Transcript

2025-07-31 05:11:27 ET

Gaztransport & Technigaz SA (GZPZF)

Q2 2025 Earnings Conference Call

July 30, 2025 12:15 PM ET

Company Participants

Antoine Kiassi - Corporate Participant

Philippe Berterottiere - CEO & Chairman

Thierry Hochoa - Director of Administrative & Financial and CFO

Thierry Valot - Corporate Participant

Conference Call Participants

Guilherme Levy - Morgan Stanley, Research Division

Guillaume Delaby - Sanford C. Bernstein & Co., LLC., Research Division

Jean-Francois Granjon - ODDO BHF Corporate & Markets, Research Division

Jean-Luc Romain - CIC Market Solutions (ESN), Research Division

Kevin Roger - Kepler Cheuvreux, Research Division

Richard George Dawson - Joh. Berenberg, Gossler & Co. KG, Research Division

Presentation

Philippe Berterottiere

Good morning, ladies and gentlemen. I thank you very much to join us for this presentation of the GTT Half 1 2025 results. In fact, GTT delivered very strong financial performance during these first 6 months. Let's look at that. The energy demand -- the LNG demand is remaining very strong as evidenced by 4 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 have increased by 32% compared to the first 6 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 cost and management. The order book is very strong and is supporting a long-term visibility. We have 280 LNG carriers to deliver. And we have 54 LNG as a fuel tanks to deliver in which is more important than one we had in December 2024....

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