CGG: FY revenues up almost 10%

(CercleFinance.com) - CGG has published FY 2017 revenues that are up nearly 10% at 1,320 million dollars, including 400 million dollars in Q4, compared to 328 million dollars a year earlier.


Thanks to relatively good multi-client sales in Q4, 2017 EBITDAs (before restructuring costs) should exceed our expectations, with growth above 10%, instead of an expected stability, the group said.

Restructuring costs related to the processing of the Group and its financial restructuring are estimated at 187 million dollars over FY 2017, including 26 million dollars in Q4 2017.



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