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    INTERVIEW WITH SOPHIE ZURQUIYAH, CEO:


    With our new activity profile, the CGG group performed better than expected, mainly due to a very strong fourth quarter.

    How was the market environment in 2018?
    We saw a gradual recovery in our clients' activity throughout the year.

    What do you think of CGG’s results?
    In 2018 oil companies were still very cautious and strongly focused on managing costs and achieving greater efficiency intheir E&P projects. With our new activity profile, the CGG group performed better very strong fourth quarter. Our annual revenue totaled $1.227 billion, representing a sharp 19% increase, which was mainly due to Sercel’s land equipment sales recovery. Our profitability was high and, with our new profile, led to an operating cashfl ow of $134 million. These results validate our decision to transition to an asset-light business model.

    What is the timeframe for this transition?
    We hope to take all the necessary steps in 2019. CGG will therefore make the following strategic changes, subject to all legal obligations and processes in each country as required:

    • In Marine: downsize to a three-vessel fl eet with a lean organization and, at the same time, find a strategic partner to profi tably operate these vessels, that will be equiped by Sercel and meet the needs of CGG’s Multi-Client activity.
    • Land: gradually exit this activity after a wind-down period.
    • Multi-Physics:put this activity up for sale.

    What are your plans for CGG?
    We are focused on ensuring organic growth and sustainable profitability through the cycle by strengthening our already strong positions and focusing on our three core businesses of Geoscience, Multi-Client and Equipment while at the same time finding new areas for profi table growth.

    Who We Are - Organization & Leadership

    Organization & Leadership

    Learn how CGG's leaders and governance allow for successful operations.

    Who We Are - Our Activities

    Our Activities

    In all environments, we acquire, process and interpret surveys that provide our clients with a comprehensive understanding of subsurface targets and their geological settings.

    Who We Are - Technology & Innovation

    Technology & Innovation

    Our range of geoscience experience is unparalleled and leads us to invent and perfect technology and techniques unlike any other.

    Investor Contacts

    INVESTOR CONTACTS

    Contacts for further information regarding investors.

    CGG Worldwide

    CGG WORLDWIDE

    FINANCIAL PRESENTATIONS

    Jun 21, 2019

    June 2019 Roadshow Presentat...

     Download (PDF, 4.7MB)
    May 15, 2019

    Combined General Meeting 201...

     Download (PDF, 2.1MB)
    May 15, 2019

    2019 Q1 Results

     Download (PDF, 4.1MB)
  • 证监会李钢:将直接融资等同于IPO是误解 2019-07-17
  • 里皮麾下的国足能走多远? 2019-07-17
  • 美帝拉拢人民,才能反对共产党。 2019-07-14
  • 习近平为传统文化“代言” 2019-07-14
  • 青海:52个客运站卫生间将全面改造 2019-07-13
  • 泼皮无赖风水神,尔等猪脑子是从哪里推断————“腐败分子是天上掉下来的吗?”——这是四两千斤向第十阶层发问。 2019-07-13
  • 第二届未来汽车大会暨日照新能源汽车人才与产业峰会在日照举办 2019-07-11
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