Brief: CGG 2024 Segment Revenue Expected To Be Aligned With 2023

Viridien SA

06/03/2024 17:15

March 6 (Reuters) - CGG SA  GEPH.PA :
    * IN 2024, SEGMENT REVENUE EXPECTED TO BE ALIGNED WITH 2023
    * 2024 EDA CASH CAPEX IS EXPECTED TO BE AROUND $175 MLN AND
$200
MLN WITH  PREFUNDING ABOVE 75%
    * 2024 SEGMENT EBITDA IS EXPECTED TO BE POSITIVELY IMPACTED
BY
BUSINESS MIX
    * CGG IS ANTICIPATING 2024 POSITIVE NET CASH FLOW TO REACH A
SIMILAR LEVEL AS 2023
    * FY GROUP NET INCOME AT $16 MLN
    * FY SEGMENT EBITDAS AT $400 MLN
    * FY NET CASH FLOW AT $32 MLN
    * OUTLOOK: ANTICIPATES MARKET DEMAND FOR ITS CORE BUSINESSES
TO
CONTINUE TO GROW AT YEARLY MID-SINGLE DIGIT THROUGH 2026
    * FY SEGMENT OPERATING INCOME AT $138 MLN
    * FY REVENUE AT $1,125 MLN, UP 21%
    * OUTLOOK: CCUS AND MINERALS AND MINING, HIGH PERFORMANCE
COMPUTING AND STRUCTURAL HEALTH MONITORING EXPECTED TO DEVELOP
RAPIDLY AT A CAGR ABOVE 30% DURING THE PERIOD 2024 – 2026

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE1R45sZ
Further company coverage:  GEPH.PA 

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