Q1 revenues were $155m (vs. $203m in Q1 16) and EBITDA $30m (vs. $79m in Q1 16), as announced on 21 April.
The EBIT loss was $84m (vs. $30m in Q1 16).
Outlook 2017:
- Cash costs at c. $700m (confirmed);
- Capex at $150m (o/w $87m for new build Ramform Hyperion, paid in Q1);
- 50% of active 3D fleet time allocated to MultiClient (vs. 55% previously);
- MultiClient investments at $250-275m (vs. c. $275m), pre-funding at 100%.
11 May 2017
Backlog at a two-year high should sustain 2017 business
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Backlog at a two-year high should sustain 2017 business
Q1 revenues were $155m (vs. $203m in Q1 16) and EBITDA $30m (vs. $79m in Q1 16), as announced on 21 April.
The EBIT loss was $84m (vs. $30m in Q1 16).
Outlook 2017:
- Cash costs at c. $700m (confirmed);
- Capex at $150m (o/w $87m for new build Ramform Hyperion, paid in Q1);
- 50% of active 3D fleet time allocated to MultiClient (vs. 55% previously);
- MultiClient investments at $250-275m (vs. c. $275m), pre-funding at 100%.