08 Oct 2020

Q3 rev – miss, but quality of revenues solid

TGS ASA (TGC:FRA) | 0 0 0.0%

- Morten Nystrøm
- 6 pages

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Q3 rev – miss, but quality of revenues solid

TGS ASA (TGC:FRA) | 0 0 0.0%

Published: 08 Oct 2020
Author: Morten Nystrøm
Pages: 6

Revenues at USD 81m vs. Arctic and Nordic consensus at USD 90-95m Quality of revenues solid with late sales at USD 61m – up 10% vs. Q2 2020 Negative revenue revisions about to through – down 50% since February Downside protection with sustainable div.yield at 4.5% and P/B at 1.0x