CGG Expects FY 2022 Segment EBITDAS Above Latest Guidance

T-Reuters
2023/01/10

CGG SA :Cgg Provides Q4 & Full Year 2022 Financial Update.Q4 2022 Segment Revenue Expected At Around 321 Million, Sustained By Solid Earth Data Sales At Around $147 Million.Fy 2022 Segment Revenue Expected At Around $931 Million And Fy 2022 Segment Ebitdas Expected To Be Above Latest Guidance.Q4 2022 Positive Net Cash Flow Expected At Around $61 Million.Group'S Cash Liquidity At End Of December 2022 Is Expected To Be Around $298 Million, Excluding $100 Million Undrawn Rcf.Anticipates Year-End 2022 Net Debt (Before Ifrs 16) To Be Around $859 Million, And Net Debt (After Ifrs 16) To Be Around $951 Million.Outlook Q4: Earth Data Segment Sales Are Expected To Be Around $147 Million, Up 137% Sequentially And Up 29% Year-On-Year. In Particular, After-Sales Are Expected To Be Around $81 Million, Up 48% Year-On-Year.Outlook Q4: Sensing & Monitoring Segment Sales Are Expected To Be Around $104 Million, Up 21% Sequentially And Up 11% Year-On-Year Due To Higher-Than-Expected Deliveries Of Equipment In December 2022.Q4 Geoscience Segment Revenue Is Expected To Be Around $69 Million.

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