Q4 revenues were $235m (+53% yoy) and EBITDA came in at $123m (vs. $53m in Q4 16), both beating consensus expectations. The good figures are mainly driven by the excellent MultiClient pre-funding revenues (more than double vs. Q4 16). Updated 2018 outlook guidance: • Management is targeting a positive cash flow post-debt service for 2018. • Full-year gross cash cost should be below $575m and capex is expected to be around $50m, both supported by the new business reorganisation and f
02 Feb 2018
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Dedicated to MultiClient 3D processing
Q4 revenues were $235m (+53% yoy) and EBITDA came in at $123m (vs. $53m in Q4 16), both beating consensus expectations. The good figures are mainly driven by the excellent MultiClient pre-funding revenues (more than double vs. Q4 16). Updated 2018 outlook guidance: • Management is targeting a positive cash flow post-debt service for 2018. • Full-year gross cash cost should be below $575m and capex is expected to be around $50m, both supported by the new business reorganisation and f