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Aandeel CGG PSE:CGG.FR, FR0013181864

  • 0,439 23 apr 2024 17:35
  • -0,002 (-0,54%) Dagrange 0,434 - 0,446
  • 1.931.250 Gem. (3M) 8,2M

CGG 2022

151 Posts
Pagina: «« 1 ... 3 4 5 6 7 8 »» | Laatste | Omlaag ↓
  1. forum rang 6 Bergonzi_deleted 28 juli 2022 17:49
    CGG Announces its Q2 2022 Results
    Paris, France | Jul 28, 2022

    Strong financial performance
    Segment revenue at $240m, up 66% proforma y.o.y.
    EBITDAs at $126m and positive net income at $16m
    Entering a favorable upcycle
    CGG (ISIN: FR0013181864), a global technology and high-performance computing (HPC) leader announced today its second quarter 2022 non-audited results.

    Commenting on these results, Sophie Zurquiyah, CGG CEO, said: “CGG delivered strong performance this quarter mainly driven by higher Earth Data after-sales and sustained Geoscience activity. Market trends, driven by continued underinvestment in exploration and production and intensified by elevated energy security concerns, continue to support our view of a multi-year upcycle with increased spending from all clients, as they progressively refocus on exploration to meet future energy demand. The development of our Beyond the Core businesses continues to make good progress with encouraging commercial wins, successful pilots, and recent acquisition of Geocomp and successful bidding to acquire ION Geophysical Corporation’s software business that are reinforcing and expanding the portfolio of our Sensing and Monitoring business. In an inflationary market environment, the business case for our high–end technology, which enables higher efficiency for our clients, becomes even stronger, and I am enthusiastic about the opportunities in front of us.”

    Q2 2022: A strong quarter for Data, Digital and Energy Transition
    IFRS figures: revenue at $228m, EBITDAs at $114m, OPINC at $59m
    Segment revenue at $240m, up 66% proforma* year-on-year and up 57% sequentially
    Geoscience at $70m, up 16% proforma* year-on-year. Sustained activity worldwide with increased level of commercial bids
    Earth Data at $124m, up 3.4 times year-on-year. High level of after-sales at $88m driven by transfer fees and sales in Latin America
    Sensing and Monitoring at $46m, down (4)% year-on-year due to shift of deliveries to Q3 2022. Significantly higher activity is anticipated in H2 2022 and in 2023 driven by substantial commercial opportunities for land & marine equipment sales
    Segment EBITDAs at $126m, a high 52% margin due to favorable revenue mix, and adjusted** segment EBITDAs at $122m
    Segment operating income at $66m, a 27% margin, and adjusted** segment operating income at $62m
    Group net income at $16m
    Net cash-flow at $(56)m including $(42) million change in working capital
    H1 2022: Significant profitability improvement and positive net cash flow
    IFRS figures: revenue at $404m, EBITDAs at $175m, OPINC at $70m
    Segment revenue at $393m, up 14% proforma* year-on-year
    Segment EBITDAs at $164m, a 42% margin, and adjusted** segment EBITDAs at $161m
    Segment operating income at $61m, a 15% margin, and adjusted** segment operating income at $58m
    Group net loss at $(2)m compared to a net loss of $(136)m in H1 2021
    Net cash flow at $13m including $48 million change in working capital
    Balance Sheet at the end of June
    Liquidity of $417m, including cash liquidity of $317m and $100m of undrawn RCF
    Net debt before IFRS 16 at $812m as of June 30, 2022
    Segment leverage ratio of Net debt to Adjusted** Segment EBITDAs was 2.1x at the end of June 2022, down from 2.7x at the end of March 2022
    Post Closing event
    Sercel, Sensing & Monitoring division of CGG, was selected as the successful bidder for the acquisition of ION Geophysical Corporation’s (“ION”) software business***
    * Pro-forma indicators represent supplementary information adjusted for GeoSoftware and Physical Asset Storage and Services businesses sold in 2021.

    ** Adjusted indicators represent supplementary information adjusted for non-recurring charges triggered by economic downturn.

    *** Closing subject to approval by bankruptcy court and other customary conditions.

    More:
    Download Full Press Release

    Download Presentation

    Q2 2022 Conference call:
    An English language analysts conference call is scheduled the same day at 6.30 pm (CET)

    Please note that we have switched to a new service provider for conference calls.

    Participants should from now on register for the call here to receive a dial-in number and code or participate in the live webcast from here.

    The press release and the presentation are made available on our website www.cgg.com at 5:45 pm (CET)

    A replay of the conference call will be made available the day after for a period of 12 months in audio format on the Company's website www.cgg.com.
  2. forum rang 6 Bergonzi_deleted 28 juli 2022 22:04
    quote:

    moneymaker_BX schreef op 28 juli 2022 19:28:

    Wat waren de verwachtingen vooraf vd analisten? Pas dan kun je zeggen of t goede cijfers zijn of beter dan verwacht...
    WIE?
    wat analisten denken is ook niet altijd heilig natuurlijk, maar de markt in zn geheel was het vertrouwen een beetje kwijt in het aandeel CGG gezien het prille herstel.. denk dat dat met deze cijfers wel weer aardig is rechtgezet
    morgen 10%+ omhoog?
  3. forum rang 8 Calendar 28 juli 2022 22:06
    quote:

    Calendar schreef op 5 mei 2022 22:44:

    Ben nog even in de cijfers gedoken. Alle divisies behalve de Sensing and Monitoring (SMO) divisie draaiden veel beter dan Q1 2021. Ondanks dat is het resultaat fors gestegen en wordt er nog maar 0,02 cent verlies per aandeel gedraaid t.o.v. 0,10 cent in Q1 2021 en 0,03 verlies in Q4 2021. Ze geven aan dat er wat orders zijn doorgeschoven bij deze divisie en verwachten verbetering:

    Sensing and Monitoring (SMO) segment revenue was low this quarter at $34
    million, down 70% year-on-year with large mega-crew deliveries in Q1 2021.
    ? Low level of seismic equipment sales in Q1:
    o Low level of land equipment sales at $20 million, due to sales shift
    to Q2/H2. Large tender for land and OBN mega-crews confirmed in
    Saudi Arabia for deliveries in late 2022 / H1 2023. Sercel also
    delivered WiNG land node systems to India.

    Schuld is afgenomen en zal nog verder afnemen door verkoop hoofdkantoor. Ik ga er van uit dat winst dit jaar mogelijk moet zijn. Van Q1 0,10 verlies naar 0,03 verlies in Q4 2021. Als ik die lijn door trek zou dat betekenen van -0,02 Q1 naar + 0,05 in Q4 2022.
    Van -0,02 Q1 naar +0,02 Q2. Mijn projectie zou nog wel eens uit kunnen komen.

    www.cgg.com/sites/default/files/2022-...
  4. forum rang 8 Calendar 29 juli 2022 20:40
    Bovendien: Segment leverage ratio of Net debt to Adjusted** Segment EBITDAs was 2.1x at the end of June 2022, down from 2.7x at the end of March 2022

    Ratio van 2 wordt als gezond beschouwd.

    Verder: $1,107m HY Bonds, due 2027
    Dus voorlopig geen herfinanciering nodig. Maar ze zullen wel willen herfinancieren tegen een lagere rente als ze de kans krijgen.

    Conclusion
    • Macro environment is strengthening with increased spending from all clients and their
    progressive refocusing on exploration
    • Our leading sub-surface technology is increasingly critical for complex environments to
    reduce risks and optimize production
    • Geoscience and EDA are driven by increasing global E&P Capex
    • Strong commercial perspectives are shaping-up for SMO in H2 2022 and 2023 driven by
    land mega-crew projects in the Middle East and demand for OBN and streamer marine
    equipment
    • Digital market shows significant business potential for our Beyond The Core businesses
    driven by demand for access to more compute power, data science and digital expertise
    • We are successfully navigating supply chain disruptions and recruiting challenges
    Industry is entering a favorable multi-year upcycle
    advantageous to CGG as a technology market leader
  5. forum rang 8 Calendar 29 juli 2022 20:55
    Wat me wel opvalt is dat hun leningen vrij stabiel noteerden totdat ze in mei dit jaar een flinke duikeling maakte. Nu noteren ze tegen de 90% van de nominale waarde. Dat geeft wel te denken. Misschien is dat nog door de oplopende lange rente te verklaren, maar het valt wel samen met de opbouw van de shorts.
151 Posts
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