2025 first-quarter results
Paris (France), April 29, 2025
A SOLID START TO THE YEAR, WITH SUCCESSFUL REFINANCING
AND VESSEL CAPACITY AGREEMENT TERMINATED
Q1(1)
Revenue(2) $301M (+10%)
Adjusted EBITDA(2) $143M (+35%)
Net Cash Flow $(20)M (vs $30M)
Including a $42M interest payment in
March 2025 (historically paid in Q2)
Sophie Zurquiyah, Chief Executive Officer of Viridien:
"The first quarter of 2025 was marked by two significant milestones for the Group: the termination of the vessel capacity agreement, completing our transition toward an asset-light model, and the successful refinancing of our bonds. The end of the vessel capacity agreement opens a new chapter of enhanced flexibility in our cost base and stronger cash generation, while our bond refinancing reflects the financial market's confidence in the execution of our strategy and our long-term potential.
In parallel, our financial results for the first quarter of 2025 confirm the robust performance of our business, with commercial wins, solid profitability, and cash generation fully aligned with our long-term ambitions.
Assuming moderate fluctuations in the oil market, we expect to achieve our target of approximately $100M in Net Cash Flow generation for the year and to continue our deleveraging journey."
Q1 2025 Highlights(2)
-- Group
-- IFRS Revenue, EBITDA and Net Income of respectively $258 million,
$99 million, $(28) million
-- Group revenue increased thanks to sustained momentum in Geoscience
and successful Earth Data sales. Sensing & Monitoring comparison
base returned to a more normalized level
-- Group Adjusted EBITDA of $143 million, up 35%, benefited from (i) revenue
growth at Geoscience, (ii) revenue growth and the end of vessel
commitment penalty fees at Earth Data, and (iii) cost reductions at
Sensing & Monitoring
-- Cash flow of $22 million before the $42 million bond interest payment in
Q1 (historically paid in Q2). Net Cash Flow of $(20) million after
interest payment and negative working capital impact
-- Final milestones of our financial roadmap achieved: successful
refinancing of our April 2027 $447 million and EUR578 million notes,
replaced with $450 million 10% and EUR475 million 8.5% senior secured
notes due October 2030
-- Net debt at $974 million and liquidity at $257 million
-- Digital, Data and Energy Transition $(DDE)$
-- Revenue at $214 million, up 16% with growth both at Geoscience
(+25%) and Earth Data (+7%)
-- Adjusted EBITDA at $137 million, up 32%
-- Geoscience:
-- Revenue at $110 million (+25%)
-- Solid performance driven by continued adoption of
our most advanced Elastic FWI technologies worldwide
-- North America outperforming and sustained interest
of MENA clients for high-quality imaging
-- Low Carbon: minerals study in Saudi Arabia and new
win for carbon sequestration in the North Sea
-- HPC & Digital: new HPC customers in Materials
Science and Image Rendering operating on our
platform
-- Earth Data:
-- Revenue at $104 million (+7%)
-- Cash EBITDA at $39 million (+12%)
-- Early results show game-changing imaging at Laconia
and environmental permit received for a program in
Brazil. Active on multiple reprocessing projects
worldwide
-- Low Carbon: CCUS screening package projects funded
by industrial emitters in Europe
-- Sensing and Monitoring (SMO)
-- Revenue at $87 million, nearly stable (-2%), with a return to a
more normalized comparison base
-- Adjusted EBITDA at $14 million (+37%), driven by cost reduction
impact on profitability
-- Sustained activities in Land with strong momentum on nodal
systems
-- New Businesses: new infrastructure monitoring contracts
signed in North America; pursuing several geotechnical
monitoring opportunities in rail and mining sectors
worldwide; awarded a new project for our Marlin Ports &
Logistics solution in Asia
-- Full-Year 2025 financial outlook
-- In 2025, assuming a stable E&P Capex environment, performance is
expected to be driven by:
-- Geoscience: growth supported by industry-leading technology
and strong backlog
-- Earth Data: stronger Cash EBITDA KPI following the end of vessel
commitment penalty fees
-- Sensing & Monitoring: further savings expected from the
restructuring plan
-- New Businesses: growth and first- year positive contribution to
Group profitability
-- Financial objective:
-- Net Cash Flow of approximately $100 million, assuming moderate oil
market fluctuations
-- Following the successful refinancing completed in Q1, Viridien will
continue focusing on cash flow generation and deleveraging
-- Q1 2025 Conference call
-- The press release and presentation will be available on our
website www.viridiengroup.com at 5:45 p.m. $(CET)$
-- An English-language analysts' conference call is scheduled today
at 6:00 p.m. (CET)
-- Participants should register for the call here to receive a
dial-in number and access code, or participate via the live
webcast here
-- A replay of the conference call will be available the following
day for a period of 12 months in audio format on the Company's
website
The Board of Directors met on April 29, 2025, and closed the consolidated financial statements as of
March 31, 2025. Please note that the figures and information published in this press release have not been audited nor have they been subject to any limited review by Viridien's statutory auditors.
About Viridien:
Viridien (www.viridiengroup.com) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resources, digital, energy transition and infrastructure challenges. Viridien employs around 3,400 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN: FR001400PVN6).
Investors contact:
VP Investor Relations and Corporate Finance
Alexandre Leroy
alexandre.leroy@viridiengroup.com
+33 6 85 18 44 31
Q1 2025 - Financial Results
Key Segment P&L figures (1) Var.
(in millions of $) 2024 2025 %
Q1 Q1
Exchange rate euro/dollar 1.09 1.04 (5%)
-------------------------------------------- ---- -----
Segment revenue 273 301 10%
DDE 185 214 16%
Geoscience 88 110 25%
Earth Data 97 104 7%
SMO 89 87 (2%)
Land 45 51 14%
Marine 34 25 (26%)
Beyond the core 11 11 4%
Segment EBITDAs 105 142 36%
-------------------------------------------- ---- ---- -----
Adjusted (2) Segment EBITDAS 106 143 35%
DDE 104 137 32%
SMO 10 14 37%
Corporate and other (8) (8) -1%
Segment operating income 28 65 136%
-------------------------------------------- ---- ---- -----
Adjusted (2) Segment operating income 29 66 130%
DDE 35 66 87%
SMO 2 8 303%
Corporate and other (9) (9) -1%
1) Unaudited figures
2) Adjusted for non-recurring charges
and gains
Other KPI (1) Var.
(in millions of $) 2024 2025 %
-----
Q1 Q1
Geoscience Backlog 227 329 45%
----------------------------------------- -------- ----
Total Capex 58 61 5%
-----------------------------------------
EDA Library net book value ((2) () 471 489 4%
----------------------------------------- -------- ----
Liquidity 440 257 -42%
110 ((3)
o.w. undrawn RCF 90 () 22%
Gross debt ((2) () 1 316 1 120 -15%
o.w. accrued interests 43 2 -96%
--------
o.w. lease liabilities 108 124 15%
----------------------------------------- ----
Net debt ((2) () 966 974 1%
--------
1) Unaudited figures
2) Post IFRS15 and 16
3) $125M RCF fully undrawn, o/w.
$15M ancillary guarantee facility
Consolidated IFRS Income Statements
(1) Var.
(in millions of $) 2024 2025 %
Q1 Q1
Exchange rate euro/dollar 1.09 1.04 (5%)
------------------------------------------ ------ ------ ----
Revenue 249 258 4%
------
EBITDA 80 99 24%
------
Operating Income 20 56 185%
Equity from Investment (0) (0) 2%
Net cost of financial debt (24) (26) 6%
Other financial income (loss) 0 (46) -
Income taxes 2 (13) -
------------------------------------------ ----
Net Income / Loss from continuing
operations (3) (29) -
Net Income / Loss from discontinued
operations 0 1 -
------------------------------------------ ------ ----
Net Income / (Loss) (3) (28) -
Shareholder's net income / (loss) (3) (28) -
Basic Earnings per share in $ (0.42) (3.88) -
Basic Earnings per share in EUR (0.38) (3.74) -
1) Unaudited figures
Cash Flow items (1) Var.
(in millions of $) 2024 2025 %
----
Q1 Q1
Segment EBITDA 105 142 36%
---- ----- -----
Income Tax Paid (3) (4) (26%)
Change in Working Capital & Provisions (0) (47) -
Other Cash Items (1) (1) 13%
Cash provided by Operating Activity 102 91 (9%)
---- ----- -----
Total Capex (58) (61) (5%)
Acquisitions and Proceeds of Assets 0 (1) -
Cash from Investing Activity (58) (62) (7%)
---- ----- -----
Paid Cost of Debt 2 (39) -
Lease Repayment (12) (10) 17%
Cash from Financing Activity (10) (49) -
---- ----- -----
Discontinued Operations Acquisitions (3) (0) 89%
-----
Net Cash Flow 30 (20) -
--------------------------------------- ---- ----- -----
Financing cash flow (3) (129) -
Forex and other (4) (6) -
Net increase/(decrease) in cash 23 (155) -
1) Unaudited figures
CONSOLIDATED FINANCIAL STATEMENTS - March 31, 2025
Unaudited Interim Consolidated statement of operations
Three months ended March 31,
(In millions of US$, except per share
data) Notes 2025 2024
----- -------------- --------------
Operating revenues 257.5 248.6
--------------------------------------- ----- -------------- --------------
Other income from ordinary activities 0.1 0.1
----- -------------- --------------
Total income from ordinary activities 257.6 248.7
----- -------------- --------------
Cost of operations (171.0) (192.8)
----- -------------- --------------
Gross profit 86.6 55.9
----- -------------- --------------
Research and development expenses - net (4.0) (4.9)
----- -------------- --------------
Marketing and selling expenses (7.7) (8.8)
----- -------------- --------------
General and administrative expenses (18.1) (21.3)
----- -------------- --------------
Other revenues (expenses) - net 5 (0.3) (1.1)
----- -------------- --------------
Operating income (loss) 56.4 19.8
----- -------------- --------------
Cost of financial debt - gross (27.4) (27.4)
----- -------------- --------------
Income provided by cash and cash
equivalents 1.6 3.1
----- -------------- --------------
Cost of financial debt, net (25.8) (24.3)
----- -------------- --------------
Other financial income (loss) 6 (46.2) (0.0)
----- -------------- --------------
Income (loss) before incomes taxes and
share of income (loss) from companies
accounted for under the equity method (15.5) (4.5)
----- -------------- --------------
Income taxes (12.9) 2.1
----- -------------- --------------
Net income (loss) before share of
income (loss) from companies accounted
for under the equity method (28.4) (2.4)
----- -------------- --------------
Net income (loss) from companies
accounted for under the equity method (0.2) (0.2)
----- -------------- --------------
Net income (loss) from continuing
operations (28.6) (2.6)
----- -------------- --------------
Net income (loss) from discontinued
operations 0.7 0.0
----- -------------- --------------
Consolidated net income (loss) (28.0) (2.6)
----- -------------- --------------
Attributable to:
----- -------------- --------------
Owners of Viridien S.A. $ (27.8) (3.0)
----- -------------- --------------
Non-controlling interests $ (0.2) 0.4
----- -------------- --------------
Net income (loss) per share
----- -------------- --------------
Basic (a) $ (3.88) (0.42)
----- -------------- --------------
Diluted (a) $ (3.88) (0.42)
----- -------------- --------------
Net income (loss) from continuing
operations per share
----- -------------- --------------
Basic (a) $ (3.97) (0.42)
----- -------------- --------------
Diluted (a) $ (3.97) (0.42)
----- -------------- --------------
Net income (loss) from discontinued
operations per share (a)
----- -------------- --------------
Basic (a) $ 0.09 (0.00)
----- -------------- --------------
Diluted (a) $ 0.09 (0.00)
--------------------------------------- ----- -------------- --------------
(a) As a result of the July 31, 2024 reverse share split, the calculation of basic and diluted earnings per share for 2023 has been adjusted retrospectively. The number of ordinary shares outstanding has been adjusted to reflect the proportionate change in the number of shares
See the notes to the Unaudited Interim Consolidated Financial Statements
Unaudited Interim Consolidated statement of comprehensive income (loss)
Three months ended March
31,
(In millions of US$) Notes 2025 (a) 2024 (a)
------ ------------ ------------
Net income (loss) from statements of
operations (28.0) (2.6)
------------------------------------------------- ------------ ------------
Net gain (loss) on cash flow hedges (0.3) 0.3
------------ ------------
Variation in translation adjustments 9.9 (5.8)
------------ ------------
Net other comprehensive income (loss)
to be reclassified in profit (loss)
in subsequent period (1) 9.6 (5.5)
------------ ------------
Net gain (loss) on actuarial changes
on pension plan (0.5) 0.0
------------ ------------
Net other comprehensive income (loss)
not to be reclassified in profit (loss)
in subsequent period (2) (0.5) 0.0
------------ ------------
Total other comprehensive income (loss)
for the period,
net of taxes (1) + (2) 9.1 (5.5)
------------ ------------
Total comprehensive income (loss) for
the period (18.9) (8.1)
------------ ------------
Attributable to:
------ ------------ ------------
Owners of Viridien S.A. (18.8) (8.4)
------------------------------------------------- ------------ ------------
Non-controlling interests (0.1) 0.3
------------------------------------------------- ------------ ------------
(a) Including other comprehensive income related to discontinued operations which is not material
Unaudited Interim Consolidated statement of financial position
December 31,
(In millions of US$) Notes March 31, 2025 2024
------- ----------------- ------------
ASSETS
------------------------------------ ------- ----------------- ------------
Cash and cash equivalents 146.6 301,7
------- ----------------- ------------
Trade accounts and notes receivable,
net 343.7 339,9
------- ----------------- ------------
Inventories and work-in-progress,
net 162.4 163,3
------- ----------------- ------------
Income tax assets 13.5 22,9
------- ----------------- ------------
Other current assets, net 78.1 74,0
------- ----------------- ------------
Assets held for sale, net 26.4 24,5
------- ----------------- ------------
Total current assets 770.7 926,2
------- ----------------- ------------
Deferred tax assets 39.5 43,6
------- ----------------- ------------
Other non-current assets, net 8.6 8,9
------- ----------------- ------------
Investments and other financial
assets, net 24.2 25,7
------- ----------------- ------------
Investments in companies under the
equity method 5.9 1,1
------- ----------------- ------------
Property, plant and equipment, net 212.1 220,6
------- ----------------- ------------
Intangible assets, net 569.3 535,4
------- ----------------- ------------
Goodwill, net 1,086.4 1,082,8
------- ----------------- ------------
Total non-current assets 1,946.0 1,918,1
------- ----------------- ------------
TOTAL ASSETS 2,716.7 2,844,3
----------------- ------------
LIABILITIES AND EQUITY
------------------------------------ ------- ----------------- ------------
Financial debt -- current portion 3 43.8 56,9
------- ----------------- ------------
Trade accounts and notes payables 101.3 120,9
------- ----------------- ------------
Accrued payroll costs 92.4 84,5
------- ----------------- ------------
Income taxes payable 17.8 20,4
------- ----------------- ------------
Advance billings to customers 18.1 19,2
------- ----------------- ------------
Provisions -- current portion 18.8 19,7
------- ----------------- ------------
Other current financial liabilities 0.0 0,5
------- ----------------- ------------
Other current liabilities 207.7 182,5
------- ----------------- ------------
Liabilities associated with
non-current assets held for sale 2.2 2,4
------- ----------------- ------------
Total current liabilities 502.1 507,0
------- ----------------- ------------
Deferred tax liabilities 18.4 18,4
------- ----------------- ------------
Provisions -- non-current portion 30.9 28,8
------- ----------------- ------------
Financial debt -- non-current
portion 3 1,076.4 1,165,6
------- ----------------- ------------
Other non-current financial
liabilities 0.0 0,0
------- ----------------- ------------
Other non-current liabilities 1.8 1,7
------- ----------------- ------------
Total non-current liabilities 1,127.5 1,214,5
------- ----------------- ------------
Common stock: 11,214,681 shares
authorized and 7,161,465 shares
with a EUR1.00 nominal value
outstanding at March 31, 2025 8.7 8,7
------- ----------------- ------------
Additional paid-in capital 118.7 118,7
------- ----------------- ------------
Retained earnings 1,009.0 1,036,5
------- ----------------- ------------
Other Reserves 37.5 55,2
------- ----------------- ------------
Treasury shares (20.1) (20,1)
------- ----------------- ------------
Cumulative income and expense
recognized directly in equity (1.4) (1,1)
------- ----------------- ------------
Cumulative translation adjustment (103.3) (113,3)
------- ----------------- ------------
Equity attributable to owners of
Viridien S.A. 1,049.2 1,084,7
------- ----------------- ------------
Non-controlling interests 38.0 38,1
------- ----------------- ------------
Total equity 1,087.2 1,122,8
------- ----------------- ------------
TOTAL LIABILITIES AND EQUITY 2,716.7 2,844,3
----------------- ------------
See the notes to the Unaudited Interim Consolidated Financial Statements
Unaudited Interim Consolidated statement of cash flows
Three months ended March
31,
(In millions of US$) Notes 2025 2024
-------- --------------- ---------------
OPERATING ACTIVITIES
---------------------------------- -------- --------------- ---------------
Consolidated net income (loss) (28.0) (2.6)
--------------- ---------------
Less: Net income (loss) from discontinued
operations (0.7) (0.0)
--------------- ---------------
Net income (loss) from continuing operations (28.6) (2.6)
--------------- ---------------
Depreciation, amortization and impairment 21.2 24.2
--------------- ---------------
Impairment and amortization of Earth Data
Surveys 24.3 39.0
--------------- ---------------
Depreciation and amortization of Earth
Data surveys, capitalized (4.2) (3.8)
--------------- ---------------
Variance on provisions (0.7) 0.3
--------------- ---------------
Share-based compensation expenses 1.1 0.9
--------------- ---------------
Net (gain) loss on disposal of
fixed and financial assets 0.1 -
-------- --------------- ---------------
Share of (income) loss in companies
recognized under equity method 0.2 0.2
--------------- ---------------
Other non-cash items 30.9 1.2
--------------- ---------------
Net cash-flow including net cost of
financial debt and income tax 44.3 59.4
--------------- ---------------
Less: Cost of financial debt 25.8 24.3
--------------- ---------------
Less: Income tax expense (gain) 12.9 (2.1)
--------------- ---------------
Net cash-flow excluding net cost of
financial debt and income tax 83.0 81.6
--------------- ---------------
Income tax paid (4.1) (3.2)
--------------- ---------------
Net cash-flow before changes in working
capital 78.9 78.4
--------------- ---------------
Changes in working capital 11.6 22.3
--------------- ---------------
- change in trade accounts and notes
receivable 24.9 33.6
--------------- ---------------
- change in inventories and work-in-progress 6.3 0.2
--------------- ---------------
- change in other current assets (0.2) (2.1)
--------------- ---------------
- change in trade accounts and notes payable (19.8) 15.4
--------------- ---------------
- change in other current liabilities 0.0 (24.8)
--------------- ---------------
Net cash-flow from operating activities 90.5 100.7
--------------- ---------------
INVESTING ACTIVITIES
-------- --------------- ---------------
Total capital expenditures (tangible and
intangible assets) net of variation of
fixed assets suppliers (61.2) (58.2)
--------------- ---------------
Proceeds from disposals of tangible and
intangible assets 0.0 0.5
--------------- ---------------
Dividends received from investments in
companies under the equity method - 0.2
--------------- ---------------
Total net proceeds from financial
assets - -
-------- --------------- ---------------
Variation in other non-current financial
assets 2.3 (3.3)
--------------- ---------------
Net cash-flow from investing activities (58.9) (60.8)
--------------- ---------------
Three months ended March
31,
(In millions of US$) Notes 2025 2024
-------- -------------- ----------
FINANCING ACTIVITIES
---------------------------------------- -------- -------------- ----------
Repayment of long-term debt (1,074.2) (0.2)
-------------- ----------
Total issuance of long-term debt 964.2 -
-------- -------------- ----------
Call premium (21.9) -
-------- -------------- ----------
Refinancing transaction costs paid (11.7) -
-------- -------------- ----------
Lease repayments (9.8) (11.8)
-------------- ----------
Financial expenses paid (38.8) 2.0
-------------- ----------
Dividends paid and share capital
reimbursements:
-------- -------------- ----------
-- to owners of Viridien - -
-------- -------------- ----------
-- to non-controlling interests of
integrated companies - -
-------- -------------- ----------
Net cash-flow from financing activities (192.2) (10.0)
-------------- ----------
Effects of exchange rates on cash 6.0 (4.1)
-------------- ----------
Net cash flows incurred by discontinued
operations (0.3) (2.9)
-------------- ----------
Net increase (decrease) in cash and cash
equivalents (155.0) 22.9
-------------- ----------
Cash and cash equivalents at beginning of
year 301.7 327.0
-------------- ----------
Cash and cash equivalents at end of period 146.6 349.9
-------------- ----------
See the notes to the Interim Consolidated Financial Statements
Unaudited Interim Consolidated statements of changes in equity
Income and Equity
Amounts in expense attributable
millions of US$, Number of Additional recognized Cumulative to owners of
except share Shares Share paid-in Retained Other Treasury directly translation Viridien Non-controlling Total
data issued capital capital earnings reserves shares in equity adjustment S.A. interests equity
------------- ------- ---------- -------- -------- -------- ---------- ----------- ------------ --------------- -------
Balance at
January 1,
2024 7,136,763 8.7 118.7 980.4 27.3 (20.1) (1.4) (90.8) 1,022.8 41.5 1,064.3
---------------- ------------- ------- ---------- -------- -------- -------- ---------- ----------- ------------ --------------- -------
Net gain (loss)
on actuarial
changes on
pension plan
(1) 0.0 0.0 0.0
-------- ------------ -------
Net gain (loss)
on cash flow
hedges (2) 0.3 0.3 0.3
---------- ------------ -------
Net gain (loss)
on translation
adjustments
(3) (5.7) (5.7) (0.1) (5.8)
----------- ------------ --------------- -------
Other
comprehensive
income
(1)+(2)+(3) - - - 0.0 - - 0.3 (5.7) (5.4) (0.1) (5.5)
------------- ------- ---------- -------- -------- -------- ---------- ----------- ------------ --------------- -------
Net income (4) (3.0) (3.0) 0.4 (2.6)
-------- ------------ --------------- -------
Comprehensive
income
(1)+(2)+(3)+(4) - - - (3.0) - - 0.3 (5.7) (8.4) 0.3 (8.1)
------------- ------- ---------- -------- -------- -------- ---------- ----------- ------------ --------------- -------
Exercise of
warrants
Dividends - -
------------ -------
Cost of
share-based
payment 0.8 0.8 0.8
-------- ------------ -------
Variation in
translation
adjustments
generated by
the parent
company 9.7 9.7 9.8
-------- ------------ -------
Balance at March
31, 2024 7,136,763((a) 8.7 118.7 978.2 37.0 (20.1) (1.1) (96.5) 1,024.9 41.8 1,066.7
------------- ------- ---------- -------- -------- -------- ---------- ----------- ------------ --------------- -------
Income and Equity
Amounts in expense attributable
millions of US$, Number of Additional recognized Cumulative to owners of
except share Shares Share paid-in Retained Other Treasury directly translation Viridien Non-controlling Total
data issued capital capital earnings reserves shares in equity adjustment S.A. interests equity
------------- ------- ---------- -------- -------- -------- ---------- ----------- ------------ --------------- -------
Balance at
January 1,
2025 7,161,465((b) 8.7 118.7 1,036.5 55.2 (20.1) (1.1) (113.3) 1,084.7 38.1 1,122.8
---------------- ------------- ------- ---------- -------- -------- -------- ---------- ----------- ------------ --------------- -------
Net gain (loss)
on actuarial
changes on
pension plan
(1) (0.5) (0.5) (0.5)
-------- ------------ -------
Net gain (loss)
on cash flow
hedges (2) (0.3) (0.3) (0.3)
---------- ------------ -------
Net gain (loss)
on translation
adjustments
(3) 9.9 9.9 0.0 9.9
----------- ------------ --------------- -------
Other
comprehensive
income
(1)+(2)+(3) (0.5) - - (0.3) 9.9 9.0 0.0 9.1
-------- -------- -------- ---------- ----------- ------------ --------------- -------
Net income
(loss) (4) (27.8) (27.8) (0.2) (28.0)
-------- ------------ --------------- -------
Comprehensive
income
(1)+(2)+(3)+(4) (28.4) (0.3) 9.9 (18.8) (0.1) (18.9)
-------- ---------- ----------- ------------ --------------- -------
Dividends - - -
------------ --------------- -------
Cost of
share-based
payment 0.7 0.7 0.7
-------- ------------ -------
Variation in
translation
adjustments
generated by
the parent
company (17.7) (17.7) (17.7)
-------- ------------ -------
Changes in
consolidation
scope and
other 0.2 0.2 0.2
-------- ------------ -------
Balance at March
31, 2025 7,161,465 8.7 118.7 1,009.0 37.5 (20.1) (1.4) (103.3) 1,049.2 38.0 1,087.2
------------- ------- ---------- -------- -------- -------- ---------- ----------- ------------ --------------- -------
(a) Pro forma following Reverse Share Split
(b) Reverse Share Split: Pursuant to a delegation from the Combined General Meeting of shareholders of May 15, 2024, and a sub-delegation from the Board of Directors held on the same day, the Company's Chief Executive Officer has decided to implement a reverse share split on the basis of 1 new share of EUR1.00 nominal value for 100 old shares of EUR0.01 nominal value
(1) All variations refer to the same period last year
(2) Unless otherwise stated, all figures and comments are referring to "Segment" (i.e. pre-IFRS 15), as defined in the 2024 Universal Registration Document's glossary, under section 8.7
Attachment
-- Viridien - Q1 2025 results
(END) Dow Jones Newswires
April 29, 2025 11:45 ET (15:45 GMT)
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