GTT Ceases Its Activities in Russia

T-Reuters2023-01-02

GAZTRANSPORT ET TECHNIGAZ SA :Ukraine-Russia: Update On Gtt'S Exposure.As Of October 1, 2022, Revenues Of Eur 74 Million Remained To Be Recognised For Ice-Breaking Lng Carriers By 2025 And Eur 12 Million For Gbss By 2027, I.E. A Total Exposure Representing Less Than 6% Of Order Book.Announces That It Is Ceasing Its Activities In Russia.With Regards To Gbs Projects, Terms Of Gtt'S Departure Are Currently Being Finalised.These Elements Will Have A Financial Impact Mainly From 2023.Gtt'S Order Book Will No Longer Include Projects In Russia In Future.In Addition, From 2023 Onwards, Group'S Annual Targets Will Exclude Revenues And Ebitda That Would Be Generated By Last Services In Progress In Russia.

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