Q2 revenues were €46m (H1 +11.4% yoy; royalties +15.2% and services -32.2% due to the base effect). GTT received two new orders during the quarter (none in Q1) and the order book now stands at 107 units. The EBIT margin came in at 61.7% and the net margin at 51.8%; both were stable. Guidance has been changed: - Revenue 2016 at c. €240m vs. previous growth of at least 10% (i.e. >€250m); - Net margin 2016 above 50%, confirmed; - Dividend for 2016 and 2017 at least at the level
22 Jul 2016
Revenue 2016 guidance cut to c. €240m
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Revenue 2016 guidance cut to c. €240m
Gaztransport & Technigaz SA (GTT:PAR) | 0 0 3.7% | Mkt Cap: 2,130m
- Published:
22 Jul 2016 -
Author:
Marzio Foa -
Pages:
2
Q2 revenues were €46m (H1 +11.4% yoy; royalties +15.2% and services -32.2% due to the base effect). GTT received two new orders during the quarter (none in Q1) and the order book now stands at 107 units. The EBIT margin came in at 61.7% and the net margin at 51.8%; both were stable. Guidance has been changed: - Revenue 2016 at c. €240m vs. previous growth of at least 10% (i.e. >€250m); - Net margin 2016 above 50%, confirmed; - Dividend for 2016 and 2017 at least at the level