CGG: expects 14% growth in FY 2019 revenue
(CercleFinance.com) - CGG has said that segment revenue is expected to be around 393 million dollars in Q4 2019, bringing its FY 2019 revenue to 1,397 million dollars, up 14%.
For the first time since 2012, it expects a positive net cash flow in 2019, estimated at around 185 million dollars. It expects net debt of 584 million dollars, with cash of approximately 611 million dollars at end-December 2019.
"It is a testimony of the strength of our People, Data and Technology, and I look forward to continue executing our strategy in 2020 and delivering value to our stakeholders," said Sophie Zurquiyah, group CEO.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
For the first time since 2012, it expects a positive net cash flow in 2019, estimated at around 185 million dollars. It expects net debt of 584 million dollars, with cash of approximately 611 million dollars at end-December 2019.
"It is a testimony of the strength of our People, Data and Technology, and I look forward to continue executing our strategy in 2020 and delivering value to our stakeholders," said Sophie Zurquiyah, group CEO.
Copyright (c) 2020 CercleFinance.com. All rights reserved.