GTT reported Friday evening an 81.2% increase in sales to 144.8 million euros for the first quarter of 2024, of which 133.2 million related to new construction, three million to the Elogen electrolyzer business and 8.6 million to services.

At March 31, 2024, the specialist in membrane containment systems dedicated to the transport and storage of liquefied gases had an order backlog, excluding LNG fuel, of 329 units, compared with 311 units three months earlier.

In the absence of any significant postponements or cancellations of orders, GTT confirms that it is targeting sales of €600 to €640 million and EBITDA of €345 to €385 million for 2024, as well as a minimum dividend payout ratio of 80% of net income.

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