CGG: segment operating margin improved in 2019
(CercleFinance.com) - CGG has published 2019 net income from its "new profile" (continuing operations) of 126 million dollars, compared with 504 million dollars a year earlier, with segment operating income up 74% at 247 million dollars, representing a segment operating margin that improved to nearly 18%.
The geoscience specialist announced a segment EBITDAs that is up 30% at 721 million dollars, meaning a margin of more than 51% for revenues of activities that are up 14% to 1,400 million dollars.
CGG is targeting an operating margin of 15% and an EBITDAs margin of around 50% for revenues that are up in a mid-single-digit range in 2020, and says "we are on track to achieving our 2021 strategic and financial targets".
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The geoscience specialist announced a segment EBITDAs that is up 30% at 721 million dollars, meaning a margin of more than 51% for revenues of activities that are up 14% to 1,400 million dollars.
CGG is targeting an operating margin of 15% and an EBITDAs margin of around 50% for revenues that are up in a mid-single-digit range in 2020, and says "we are on track to achieving our 2021 strategic and financial targets".
Copyright (c) 2020 CercleFinance.com. All rights reserved.