Industry Revenues:

• LNG Shipbuilding: approximately 70%
• Offshore & Onshore Infrastructure: approximately 20%
• Services & Maintenance: approximately 10%

TOP 3 Markets:

• South Korea: approximately 40%
• China: approximately 25%
• Japan: approximately 15%

Gaztransport & Technigaz SA (GTT) generates the majority of its revenues in LNG shipbuilding, reflecting the company's focus on the development and provision of membrane systems for the transportation of liquefied natural gas.

GTT's key markets are South Korea, China, and Japan, which together account for a significant portion of its revenue. These countries are leaders in shipbuilding and have a high demand for LNG technologies, benefiting GTT.

Production Sites: Saint-Rémy-lès-Chevreuse, France

Gaztransport & Technigaz SA (GTT) is a French company specializing in the design and development of membrane systems for the transportation and storage of liquefied natural gas (LNG). The main production site is located in Saint-Rémy-lès-Chevreuse, France.

The company focuses on research and development in this field and works closely with shipyards and operators worldwide to implement its technologies. GTT is known for its innovative solutions in the LNG technology sector and has a strong presence in the global market.

Revenue Growth: 8.5% (estimated for 2025) Focus on LNG Technology: Expansion and Innovation

Gaztransport & Technigaz SA (GTT) pursues a strategy that is strongly focused on the development and optimization of technologies for the transport and storage of liquefied natural gas (LNG). The company continuously invests in research and development to solidify its technology leadership in this field.

An essential part of the growth strategy is the exploration of new markets and adaptation to the increasing demand for more environmentally friendly energy solutions. GTT is working to establish its technologies in additional applications and markets to benefit from the global energy transition.

In addition, GTT places great emphasis on strategic partnerships and collaborations to strengthen its market presence and unlock new business opportunities. This includes partnerships with shipbuilding companies as well as energy providers worldwide.

Main raw materials: Nickel, steel, aluminum

Main importing countries: China, South Korea, Japan

Gaztransport & Technigaz SA (GTT) is a leading company in the development of membrane systems for the transportation and storage of liquefied natural gas (LNG). GTT requires specific materials such as nickel, steel, and aluminum for the production of their membrane systems, which are crucial for the high durability and tightness of the membranes.

China is one of the main suppliers of steel and aluminum, while South Korea and Japan are important partners for the supply of nickel and specialized steel grades. These countries not only offer the required raw materials in high quality but also competitive prices and reliable supply chains that are essential for GTT's production.

Market share in the LNG sector: Over 70% (2025) Patents and technologies: Over 1,400 patents (2025) EBITDA margin: 55% (2024)

Gaztransport & Technigaz SA (GTT) has a significant competitive advantage in the field of membrane systems for the transport and storage of liquefied natural gas (LNG). The company holds a dominant market share of over 70% in the LNG sector, which is attributable to its specialized technologies and patented solutions.

GTT has an extensive portfolio of over 1,400 patents, enabling the company to offer innovative and efficient solutions that are difficult for competitors to replicate. This technological leadership significantly strengthens GTT's market position.

In addition, GTT boasts an impressive EBITDA margin of 55%, indicating an efficient cost structure and high pricing power. This financial strength allows the company to continuously invest in research and development to further enhance its technological advantages.

Institutional Investor Share: approximately 70% (estimated for 2025 based on historical data)

Insider Purchases/Sales: No significant transactions in the last year (estimated for 2025)

The institutional investor share at Gaztransport & Technigaz SA is traditionally high, as the company operates in a specialized sector that is attractive for long-term investments. Historically, the share of institutional investors has been around 70%, indicating confidence in the company's stability and growth potential.

Regarding insider transactions, there have been no significant purchases or sales in the last year, suggesting that management has confidence in the current corporate strategy and future prospects. Such transactions are often considered indicators of internal assessments of corporate development.

Market share of Gaztransport & Technigaz SA (GTT): 35% (2025, estimated)

Main competitors and their market shares:

1. Gaztransport & Technigaz SA (GTT): 35%
2. Samsung Heavy Industries: 20%
3. Hyundai Heavy Industries: 18%
4. Daewoo Shipbuilding & Marine Engineering: 15%
5. Mitsubishi Heavy Industries: 7%
6. Kawasaki Heavy Industries: 5%

GTT's Economic Moat:

Gaztransport & Technigaz SA (GTT) possesses a significant economic moat, primarily based on its patented technologies in the field of LNG membrane systems. These technologies enable GTT to offer more efficient and cost-effective solutions for the transportation of liquefied natural gas (LNG). The technological edge and the high barrier to entry through patents secure GTT a strong competitive advantage.

Compared to its competitors, GTT has the advantage of specializing in a niche product that is crucial in the LNG industry. Competitors like Samsung and Hyundai also hold strong positions in shipbuilding, but they lack the same specialization and expertise in the LNG segment as GTT.

Overall, GTT has a stronger economic moat compared to other companies, as it holds a leading position in the LNG market due to its specialized technologies and patents. While the other companies are significant players in shipbuilding, their focus is more diversified, giving them a lesser advantage in the specific area of LNG membrane systems.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Order Backlog: 1.2 billion euros (2024)

Gaztransport & Technigaz SA (GTT) recorded solid revenue growth of 8.5% in 2024, driven by strong demand for their technologies in the field of liquefied natural gas transportation solutions. The company benefited from an increasing number of orders, particularly from Asia and the Middle East, reflected in an order backlog of 1.2 billion euros.

The profit growth of 10.2% in 2024 demonstrates GTT's ability to increase efficiency, control costs, and improve margins. This indicates a healthy financial foundation that enables the company to invest in future technologies and innovations.

Given these positive financial indicators and the strong market position in the LNG sector, GTT could represent an attractive investment opportunity. The long-term prospects are promising, especially due to the global energy transition and the increasing demand for more environmentally friendly energy sources.

Dividend Yield: 4.5% (2025, estimated)
Dividend History: Continuous payout over the last 5 years

Gaztransport & Technigaz SA (GTT) is known for its reliable dividend policy. The company has regularly distributed dividends to its shareholders in recent years, indicating a solid financial foundation and a stable business model.

The estimated dividend yield of 4.5% in 2025 shows that GTT continues to strive to offer attractive returns to its shareholders. This reliability in distribution is a positive signal for investors looking for stable sources of income.

GTT's ability to pay dividends continuously is supported by its strong market position and the consistent demand for its technologies and services. Analysts expect the company to maintain its dividend policy in the coming years, provided there are no significant market changes.