Based on these estimates and considering current solid commercial outlook, CGG is raising its full-year 2019 guidance. The company's 2019 segment revenue is expected to increase by more than 10% y/y with segment EBITDAs margin around 50% and segment operating income around US$200 million.
As a result, CGG is expecting to generate positive Net Cash Flow this year, for the first time since 2012.
Read the article online at: https://www.oilfieldtechnology.com/exploration/03092019/cgg-anticipates-3q19-revenue-above-us350-million/
You might also like
Shell Nigeria Exploration and Production Company (SNEPCo) has successfully completed the first remotely controlled well completion operation offshore Nigeria.