GTT creates an Asia-Pacific Division and appoints David Colson to head it
The specialist in cryogenic containment systems has created a new Asia-Pacific Division to, in its own words, “strengthen proximity with its customers, industrial partners and institutional stakeholders in the region”.
This area “occupies a central place in the Group’s business,” GTT states, framing this reorganization within the continuation of its transformation.
A Senior Vice-President position with a seat on the Executive Committee
David Colson has been appointed Senior Vice-President, Asia-Pacific Director and member of the Executive Committee, according to the press release published by GTT on November 2, 2026.
In this role, he will define and steer the Group’s development and performance strategy in the region. He will also be responsible for identifying growth opportunities, developing relationships with key customers and partners, and ensuring “the securing of the Group’s strategic issues in the region.”
A manager who joined GTT in 2004, sales director from 2010
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David Colson joined GTT in 2004 and has nearly 30 years of experience, mainly in the automotive sector and then within the group. He served as project manager on shipyard projects until 2008, then as head of the business development department until 2010.
He was then appointed Sales Director and member of the Executive Committee. He had previously held various positions at APV, ACOME and Valeo Filtration Systems. He holds a Bachelor of Engineering and a Bachelor of Commerce in mechanical engineering and business management from the University of Birmingham.
SectorÉnergie›Services et équipements parapétroliers
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Context
Period
Period: 9M 2026
Key reported figures
Revenue: 570,1 millions d'euros
Quarterly revenue: 570,1 millions d'euros
Revenue growth: -4,9 %
Guidance from the release
the Group confirms its objectives for 2026 despite an uncertain geopolitical context
Risks mentioned
Ongoing conflict in the Middle East causing disruptions to energy and maritime transportation markets with uncertainties related to Strait of Hormuz navigation
Lower number of LNG carriers under construction linked to low order intake in first nine months of 2025 impacting revenues
Trend of earlier ship delivery dates reversing with dates realigning to contractual milestones, representing less than 2% of nine months revenue shift
Opportunities identified
Significant number of Final Investment Decisions taken for new liquefaction capacities providing high visibility for several years
Strong order momentum with 80 orders received (71 for LNG carriers) and orderbook of 299 units valued at 1.8 billion euros
GTT Energy's new services offering (LNG Performance Centre) with Cargo Insights module presenting major milestone for digital solutions development
Outlook / guidance
Expected revenue: 760 millions d'euros
Expected EBITDA: 510 millions d'euros
Management commentary: GTT recalls its targets for the 2026 fiscal year, namely: 2026 consolidated revenues between 740 and 780 million euros, Consolidated EBITDA for 2026 between 490 and 530 million euros
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
