GTT receives four-carrier order and GTT stock sits 6.30 percent below its high

Published on 10/06/2026 at 12:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GTT's first-half order book was EUR 1.90 billion. GTT stock costs EUR 212.70 on October 6, 2026 versus EUR 214.30, minus 0.75 percent.

Bauhaus-Poster mit geometrischen Tankformen und dem Wort ENERGY — Gaztransport & Technigaz SA (FR0011726835): Geometrisches Bauhaus-Poster mit Tanks, Schiff und Schriftzug ENERGY, Illustration mit AI erstellt.

GTT (ISIN FR0011726835) received an order from Samsung Heavy Industries on October 5, 2026, to design tanks for four new LNG carriers, according to GTT. The stock was trading at EUR 212.70 at Lang & Schwarz on October 6, 2026 at 12:11 p.m. CEST, down 0.75 percent from the prior close of EUR 214.30.

Four-carrier order adds visibility

The Samsung order is the latest dated commercial development listed by GTT and follows a September order from Hudong-Zhonghua for the tank design of an 18,700-cubic-meter LNG carrier. The October award strengthens the link between GTT's membrane technology and new vessel construction, while delivery timing and contract value were not stated on the finance page.

GTT's first-half 2026 order book reached EUR 1.90 billion, according to Ideal Investor. That backlog gives the new order a measurable operating context because it sits alongside contracted work already described as supporting visibility into future revenue.

First-half margin stays elevated

For the first half of 2026, revenue was EUR 387.30 million and EBITDA was EUR 263.60 million, with an EBITDA margin of 68.10 percent, according to Ideal Investor. Revenue declined 0.40 percent from the first half of 2025, while the margin shows how strongly profitability remains tied to GTT's technology and licensing model.

GTT's 2026 outlook calls for revenue of EUR 760.00 million and EBITDA of EUR 510.00 million. The company also lists a third-quarter 2026 activity update for October 23, 2026, after the close of trading, giving investors a dated test for order intake and delivery visibility.

Analyst upgrade meets a lower price

Berenberg upgraded GTT from Hold to Buy on September 21, 2026, according to Fintel. The same report put the consensus target mean at EUR 236.05 on September 16, 2026, compared with EUR 226.90 on August 28, 2026, a 4.03 percent increase.

Stock remains below its yearly high

At EUR 212.70, GTT stock sat 6.30 percent below the EUR 227.00 52-week high and 38.29 percent above the EUR 153.80 low, based on the finance quote dated October 6, 2026. Market capitalization was EUR 7.9 billion on the same date, while the intraday price was 0.75 percent below the Lang & Schwarz prior close.

The further course of trading is shown by the continuously updated real-time quote of GTT stock.