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CGG: confident about 2022 EBITDAs

( - CGG expects its 2022 business revenues to be around 931 million dollars, up 3% pro forma y-o-y, with its 2022 business EBITDAs expected to be higher than its previous forecast communicated on 2 November.

For Q4 of last year alone, the geosciences group expects revenue from operations to be around 321 million dollars, supported by strong multi-client sales of 147 million dollars, as well as positive net cash flow of around 61 million dollars.

CGG expects to have free cash flow of 298 million dollars at end-December 2022, not including 100 million dollars of undrawn revolving credit facilities (RCF), and net debt before IFRS 16 of around 859 million dollars (around $951m after IFRS 16).

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