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  • 时时彩9码平刷稳赚方案:CGG Announces its 2019 Second Quarter Results

    Strong Operational Performance & Cash Flow Generation Validate the Asset Light Strategy

    后一万能码 2期内中 www.qgqx.net PARIS, France – July 26, 2019 – CGG (ISIN: FR0013181864 – NYSE: CGG), world leader in Geoscience, announced today its 2019 second quarter unaudited results.

    Q2 2019: Strong Revenue and Ebitda growth year-on- year

    • IFRS figures: revenue at $335m, OPINC at $52m, net income at $(98)m
    • Segment revenue at $340m, up 24% year-on-year
      • Geoscience: Focus on more profitable businesses
      • Multi-client: Solid sales with high prefunding
      • Equipment: Strong volume increase fueled by Land market
    • Segment EBITDAs at $171m, up 51% year-on-year, a high 50% margin driven by increased profitability of Equipment and Geoscience
    • Segment operating income at $53m, including $(37)m impact of the new multi-client amortization policy, stable year on year, a 16% margin, supported by favorable Multi-Client sales mix and increase in land Equipment volumes

    H1 2019: Strong equipment recovery and positive cash generation

    • IFRS figures: revenue at $607m, OPINC at $71m, net income at $(128)m
    • Segment revenue at $623m, up 23% year-on-year
    • Segment EBITDAs at $290m, up 46% year-on-year, a 47% margin
    • Segment operating income at $64m, including $(64)m impact of the new multi-client amortization policy, a 10% margin

    Sound Financial Situation

    • H1 2019 Net Cash Flow of $13m
    • Q2 2019 Net Cash Flow of $(31)m due to $(58)m negative change in working capital expected to be recovered in H2
    • First semester net cash flow generation improvement of $147m
    • Net debt of $741m before IFRS 16 at the end of June, liquidity of $441m and leverage ratio at 1.2x

    Commenting on these results, Sophie Zurquiyah, CGG CEO, said:“I am very pleased to see the strong performance of CGG in the first half of 2019. As global offshore exploration continues to gradually recover and our clients maintain focus on improved efficiency, near field exploration and reservoir development, our Geoscience technology and services along with our portfolio of multi-client data are increasingly key profitability levers. Also, our Equipment business continued to benefit from the strong land equipment market. With the encouraging first half, we significantly improved cash generation as compared to last year and confirm our 2019 full year financial targets. The strategic partnership with Shearwater that we recently announced is a major milestone in our transition to an asset light, people, data, and technology company and we are well on track to close this transaction by year-end."


    Q2 2019 Conference Call

    • An English language analysts conference call is scheduled the same day at 8:30 am (Paris time) – 7:30 am (London time)
    • To follow the conference call, please access the audio webcast:

    From your mobile phone or tablet:

    QR code Q2

    A replay of the conference call will be made available the day after for a period of 12 months via the webcast on CGG website at: 后一万能码 2期内中 www.qgqx.net or via the QR code attached above.

    For analysts, please dial 5 to 10 minutes prior to the scheduled start time the following numbers:

    France call-in +33(0) 1 76 70 07 94
    UK call-in +44(0) 844 571 8892
    Access Code 8678899

    More:

    Download Full Press Release (PDF, 1.23MB, 19 pages)

    Download Presentation (PDF)

    Download Quarterly Report (PDF)

    About CGG

    CGG (后一万能码 2期内中) is a fully integrated Geoscience company providing leading geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. Through its three complementary businesses of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation. CGG employs around 5,100 people around the world, all with a Passion for Geoscience and working together to deliver the best solutions to its customers. CGG is listed on the Euronext Paris SA (ISIN: 0013181864) 

    Contacts

    Group Communications & Investor Relations
    Investors - Board & Committees

    Board & Committees

    The operating procedure of the Board is governed by the Internal Rules and Regulations of the Board of Directors.

    Investors - Socially Responsible Investing

    Socially Responsible Investing

    CGG is committed to Sustainable Development and Corporate Social Responsibility through a balanced approach to economic development, social progress and responsible environmental management.

    Investors - Corporate Governance

    Corporate Governance

    A solid governance structure and clear governance practices ensure that CGG has strong strategic focus.

    CGG Worldwide

    CGG WORLDWIDE

    Investor Contacts

    INVESTOR CONTACTS

    Contacts for further information regarding investors.

  • 湖州日报社党委书记、社长沈振建祝贺人民日报创刊70周年 2019-09-20
  • “亲信干政”案核心人物崔顺实一审被判20年监禁 2019-09-15
  • 生态环境部部长李干杰:坚定推动农村散煤的煤改气、煤改电 2019-09-15
  • 端午假期虎门大桥最易拥堵 2019-09-12
  • 那样的大环境,谁都难免搞腐败,官员用腐败证明,政治路线是决定一切的,路线不正确,好干部要 变坏,精英会变坏,带领社会风气变坏,慢慢地改变社会性质。 2019-09-12
  • 置业指南:盘点沙坪坝在售楼盘 2019-09-12
  • 联播快讯:国务院安委办约谈辽宁省人民政府 2019-09-09
  • 《典出山西》考试季特辑:“武状元”那些事 2019-09-09
  • 股权质押“利剑”高悬 上市公司急寻脱困之道 2019-08-21
  • 数百人吃发芽糙米 三个月收获健康 2019-08-09
  • 古画中的“婴戏”:穿越千年的可爱淘气与天真烂漫 2019-08-09
  • 好坏大家判 事事有人管 2019-08-09
  •  [生活资讯]  [辣妹探店]  [激情试驾]  [创客餐考] 2019-08-08
  • 陕西凤翔“血池”密档:祭祀谜团有望解开 2019-08-08
  • 拥抱新时代 贯彻新思想 展现新气象 沿着党的十九大指引的方向砥砺奋进 2019-08-07
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