CGG: reduces operating loss in 2017
(CercleFinance.com) - CGG has announced a net loss of 514 million dollars for 2017, including 186 million dollars of extraordinary charges, with an operating loss, group share of 77 million dollars, against a loss of 213 million dollars in 2016.
The geoscience group's annual EBITDA came in at 372 million dollars, up 14% y-o-y, meaning a margin of 28% on sales of 1,320 million dollars, which were up 10%.
Regarding its outlook for 2018, CGG targets sales that are up at about 1.5 billion dollars (plus or minus 5%), in a market that has stabilised and hesitant, with an EBITDA margin of around 35% to 40%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The geoscience group's annual EBITDA came in at 372 million dollars, up 14% y-o-y, meaning a margin of 28% on sales of 1,320 million dollars, which were up 10%.
Regarding its outlook for 2018, CGG targets sales that are up at about 1.5 billion dollars (plus or minus 5%), in a market that has stabilised and hesitant, with an EBITDA margin of around 35% to 40%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.