CGG: Q3 2021 trading update
(CercleFinance.com) - Group revenue for Q3 2021 is expected to be around 270 million dollars, up 35% year-on-year and up 72% sequentially.
Geosciences segment sales are expected to be around 77 million dollars, flat year-on-year and up 5% sequentially.
Multi-Client segment sales are expected to be around 92 million dollars, up 26% year-on-year and up 149% sequentially.
Finally, Equipment segment sales are expected to be around 101 million dollars, up 102% year-on-year and up 110% sequentially.
Group CEO Sophie Zurquiyah commented its solid performance in Q3, confirming anticipated trends of a gradual recovery in geoscience, sustained demand for multi-client data in the most active basins and a recovery in equipment deliveries in H2;
Copyright (c) 2021 CercleFinance.com. All rights reserved.
Geosciences segment sales are expected to be around 77 million dollars, flat year-on-year and up 5% sequentially.
Multi-Client segment sales are expected to be around 92 million dollars, up 26% year-on-year and up 149% sequentially.
Finally, Equipment segment sales are expected to be around 101 million dollars, up 102% year-on-year and up 110% sequentially.
Group CEO Sophie Zurquiyah commented its solid performance in Q3, confirming anticipated trends of a gradual recovery in geoscience, sustained demand for multi-client data in the most active basins and a recovery in equipment deliveries in H2;
Copyright (c) 2021 CercleFinance.com. All rights reserved.