Viridien hits 7-month high after 2024 net cash flow exceeds its target

Viridien SA

10/01/2025 09:53

** Shares of French oil and gas services group Viridien
 VIRI.PA  rise around 10% to their highest levels since June 7,
after its FY net cash flow topped its own target
** Viridien said on Thursday its net cash flow was around $50
million in 2024, exceeding the target of $30 million due to
earlier than expected client collection
** BNP Paribas analyst Daniel Thomson says the positive share
reaction is due to the better than expected net cash flow
** Out of nine analysts that cover Viridien, five rate it
"strong buy" or "buy", ​three "hold" and one "sell"

 (Reporting by Johan Bodinier and Jakob Van Calster in Gdansk)
 ((johangeorgesroger.bodinier@thomsonreuters.com ;
jakob.vancalster@thomsonreuters.com))