CGG: Q4 sales expected to rise 16%
(CercleFinance.com) - CGG says its fourth quarter 2018 sales in its new consolidation scope are expected to reach around 432 million dollars, up 16% y-o-y, and up 54% sequentially.
CEO Sophie Zurquiyah highlighted the group's performance in geosciences, strong multi-client sales and the high level of CGG technology equipment deliveries.
The group's net debt is expected to fall to nearly 736 million dollars at end-December 2018, compared with 769 million dollars at the end of September 2018, while its cash is expected to rise to nearly 435 million dollars, compared with 412 million dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
CEO Sophie Zurquiyah highlighted the group's performance in geosciences, strong multi-client sales and the high level of CGG technology equipment deliveries.
The group's net debt is expected to fall to nearly 736 million dollars at end-December 2018, compared with 769 million dollars at the end of September 2018, while its cash is expected to rise to nearly 435 million dollars, compared with 412 million dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.