Core Insights - UK vehicle production experienced a significant decline of 15.5% in 2025, as reported by the Society of Motor Manufacturers and Traders (SMMT) [1] Production Overview - Total vehicle output in the UK reached 764,715 units, comprising 717,371 cars and 47,344 commercial vehicles, with car production down by 8.0% and commercial vehicle production down by 62.3% [2] - December marked the ninth consecutive month of decline for van, truck, bus, and coach production, which fell by 67.7% to 2,281 units, while car production showed a recovery, increasing by 17.7% to 53,003 units [3] Export Dynamics - The majority of UK vehicle exports went to Europe (56.7%), followed by the US (15.0%) and China (6.3%), with exports to these regions declining by 3.3%, 18.3%, and 12.5% respectively [4] Electric Vehicle Production - Production of battery electric vehicles (BEV), plug-in hybrids (PHEV), and hybrids (HEV) rose by 8.3% to a total of 298,813 units, representing a record 41.7% share of total output [5] Industry Outlook - The SMMT Chief Executive highlighted 2025 as a challenging year for UK vehicle manufacturing due to structural changes, new trade barriers, and a cyber-attack affecting production [6] - The outlook for 2026 is more optimistic, with expectations for recovery driven by the launch of new electric models and an improving economic environment [6]

Core Points - GTT Group has appointed François Michel as Chief Executive Officer, effective January 5, 2026, restoring a dissociated governance structure [1] - The Board of Directors selected François Michel for his managerial experience, technological expertise, and strategic vision [2] - François Michel will focus on implementing GTT's strategy, enhancing technological innovation, and supporting diversification efforts [2] Leadership Insights - Catherine Ronge emphasized the rigorous selection process and the need for a CEO capable of addressing major technological challenges [3] - Philippe Berterottière expressed confidence in François Michel's ability to build on GTT's trajectory of innovation and excellence [3] - François Michel acknowledged the responsibility of leading GTT during a transformative period in the energy sector [3] François Michel's Background - François Michel, aged 46, is a graduate of École Polytechnique and École des Mines, with a career spanning various roles in the Alstom group, French Ministry of Economy and Finance, and the International Monetary Fund [4][5] - He served as Managing Director - Chief Executive Officer of John Cockerill since 2022, where he accelerated international and technological growth [6] About GTT - GTT is a technology and engineering group specializing in cryogenic membrane containment systems for liquefied gases [7] - The company has developed innovative technologies for LNG carriers, floating terminals, and multi-gas carriers over the past 60 years [7] - GTT is committed to sustainability, developing solutions for decarbonization and enhancing vessels' economic and environmental performance [8] - GTT is listed on Euronext Paris and included in several indices, including CAC Next 20 and MSCI Small Cap [9]

Company Information - GTT (Gaztransport et Technigaz) is a technology and engineering group specializing in the design and development of cryogenic membrane containment systems for the transport and storage of liquefied gases [9] - Over the past 60 years, GTT has developed innovative technologies for LNG carriers, floating terminals, onshore storage tanks, and multi-gas carriers, focusing on sustainability and decarbonization [9] - GTT is listed on Euronext Paris, Compartment A, and is included in various indices such as CAC Next 20, SBF 120, Stoxx Europe 600, and MSCI Small Cap [10] Shareholder Meeting Details - A combined general meeting of shareholders is scheduled for June 11, 2025, at 3:00 pm [2] - The notice of the meeting, including the agenda and draft resolutions, was published on the BALO website on May 2, 2025, and will be available on the GTT website [3][4] - Shareholders can request preparatory documents from the company, with specific procedures outlined for both registered and bearer shares [5][6][7] - The meeting will be broadcast live and recorded on the company's website, encouraging shareholders to provide their email addresses for electronic communication [8]