CGG Provides Full Year 2020 & Q4 Financial Update
Q4 2020 Segment revenue expected at
Segment backlog as of
Fourth quarter 2020 Segment revenue update
CGG anticipates Q4 2020 segment revenue at
- Geoscience segment revenue is expected to be around
$75 million , sequentially down 3%. - Multi-Client segment sales are expected to be around
$101 million , sequentially up 38%. - Equipment segment sales are expected to be around
$106 million , sequentially up 115%.
Full year 2020 Segment revenue update
CGG anticipates full year 2020 segment revenue at around
2020 Net cash flow and Net debt at the end of 2020
CGG anticipates negative
CGG anticipates year-end 2020 Net debt (before IFRS 16) to be around
Segment backlog
Group Segment backlog as of
Eidesvik puts its Shearwater shares to CGG and CGG accepts the offer from Rasmussengruppen to acquire Shearwater shares
On
On
Full Year 2020 Results Calendar
CGG will announce its fourth quarter 2020 results on
Forward-looking statements
The Company provides this information based on a preliminary revenue review. The Company has not completed its financial reporting and related consolidation, review and control procedures, including the review of all sales against the established revenue recognition/cut-off criteria. The estimates provided in this release are therefore subject to change and the Q4 2020 financial statements finally approved and released by the Company may deviate materially from the information herein. Reference is made to the definition of Segment revenues in the Company`s annual and quarterly reports.
About CGG
CGG (www.cgg.com) is a global geoscience technology leader. Employing around 4,000 people worldwide, CGG provides a comprehensive range of data, products, services and equipment that supports the discovery and responsible management of the Earth’s natural resources. CGG is listed on the
Contacts
Tel: + 33 1 64 47 38 11 E-Mail: christophe.barnini@cgg.com |
Attachment
- CGG - Press Release pdf version
Source: CGG
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