Brief: EMGS Q4 Adjusted EBITDA Rises To $20.9 Mln

Voim ASA

06/02/2020 06:36

Feb 6 (Reuters) - Electromagnetic Geoservices ASA  EMGS.OL :
    * REG-EMGS REPORTS FOURTH QUARTER 2019 RESULTS
    * COMPANY RECORDED Q4 REVENUES OF USD 37.2 MILLION, UP FROM
USD
13.4 MILLION IN Q4 2018
    * Q4 ADJUSTED EBITDA (INCLUDING CAPITALISED MULTI-CLIENT
EXPENSES
AND VESSEL AND OFFICE LEASE EXPENSES) OF USD 20.9 MILLION, UP
FROM USD 0.2 MILLION IN Q4 2018
    * BACKLOG AT END OF Q4 OF APPROX. USD 58 MILLION, WHEREOF
USD 14.3
MILLION IS FIRM
    * Q4 ADJUSTED EBITDA OF USD 20.9 MILLION, UP FROM USD 0.2
MILLION
IN Q4 2018.
    * CONTINUES TO EXPERIENCE PAYMENT DELAYS IN CONNECTION WITH
ON-GOING ACQUISITION CONTRACT.

Source text for Eikon:  ID:nGNE3bqTm8 
Further company coverage:  EMGS.OL 

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