Earnings release
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• GTT Technology for a Sustainable World Revenues of € 88 million in the first quarter of 2021 New orders for LNG carriers and ethane carriers • Approval of new technologies highlighting the dynamism of GTT's R & D • New contract with E.ON for Elogen • 2021 targets confirmed - Paris , 19 April 2021 GTT ( Gaztransport & Technigaz ) , a technology and engineering company specialising in the design of membrane containment systems for the transport and storage of liquefied gas , today announces its revenues for the first quarter of the 2021 financial year . Consolidated key figures for the first quarter of 2021 ( in thousands of euros ) Revenues Of which new builds LNG carriers / VLEC FSU¹ FSRU² FLNG³ Onshore storage GBS4 vessels fuelled by LNG From services Q1 2020 102,481 Q1 2021 Change 87,557 -15 % 99,433 82,846 -17 % 86,939 72,214 -17 % 0 1,961 nm 9,446 3,440 -64 % 833 726 -13 % 0 425 nm 511 987 + 93 % 1,705 3,093 + 81 % 3,048 4,711 + 55 % Philippe Berterottière , Chairman and Chief Executive Officer of GTT , said : “ Since the beginning of 2021 , we have received six orders for LNG carriers and two orders for ethane carriers . In addition , Qatar's decision in February this year to invest in a new gas liquefaction plant , as well as the various other liquefaction projects under construction , represent significant order potential for our core business . On the innovation front , we have obtained several approvals from classification societies to develop new innovative technologies . GTT maintains a constant effort on R & D to meet its customers ' energy transition needs and the increased requirements they face . In addition , the new contract between Elogen and energy company E.ON demonstrates our subsidiary's strong sales momentum and the attractiveness of its offer enabling the production of green hydrogen . 1 Floating Storage Unit 2 Floating Storage Regasification Unit ³Floating Liquefied Natural Gas unit 4 Gravity Based Structures : underwater tanks