TGS hosts Capital Markets Day

TGS is hosting its Capital Markets Day today in Oslo, Norway. The prepared program begins at 08:30 CET and will include presentations from TGS' senior management team, led by Robert Hobbs (CEO) and Kristian Johansen (CFO).

In addition, TGS will provide an update on Q4 2014. The update is as follows:

• Q4 revenues expected to be approximately US$298 million, up 10% from Q4 2013 - Record high quarterly revenues for TGS
• Expected 2014 full year revenues of approximately US$915 million, up 4% from 2013
• Q4 operational multi-client investments of approximately US$124 million to reach full year investments of US$460 million
• Full year guidance achieved
• Final Q4 results to be reported on 5 February 2015

TGS will also announce 2015 full year guidance. The guidance is as follows:

• TGS expects multi-client investments of approximately US$420 million and additional Capex of US$15 million in 2015
• TGS targets revenues of approximately US$750 million for 2015
• TGS targets an EBIT of approximately US$260 million in 2015
• The Board will propose to the AGM in May a dividend of NOK 8.5 per share

Read the article online at: https://www.oilfieldtechnology.com/exploration/13012015/tgs-announces-record-high-quarterly-revenues-guidance-capital-markets-day-119/