Viridien shares topple on Q2 EBITDA miss

Viridien SA

01/08/2025 08:39

** Shares in Viridien VIRI.PA fall 16.6%, en route for their worst day since November 2022, after the French oil services company's quarterly update on Thursday, that raised doubts over its FCF target

** Total EBITDA for Q2 came in at $107 million missing the company-compiled consensus of $124 million, with total revenue ($274 million) marginally below consensus

** Bernstein says the weaker than expected result makes it look more challenging to reach the co's $100 million free cash flow guidance for FY25, despite Viridien reiterating its outlook

** Up to the previous session's close, shares were up 14.7%​ YTD

 (Reporting by Jakob Van Calster)

 ((jakob.vancalster@thomsonreuters.com;))