Q2 revenue came in at $241m (+31.4% yoy), above consensus; EBITDA reached $113m (vs. $69m in Q2 16), beating expectations. The net loss was $32m. Outlook 2017 is broadly confirmed: - cash costs at c. $700m; - capex at $150m (o/w $89m for new build Ramform Hyperion, paid in Q1); - 50% of active 3D fleet time allocated to MultiClient; - MultiClient investments at $250m (vs. $250-275m), pre-funding at 100%.
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Tough Q4 bidding market
Q2 revenue came in at $241m (+31.4% yoy), above consensus; EBITDA reached $113m (vs. $69m in Q2 16), beating expectations. The net loss was $32m. Outlook 2017 is broadly confirmed: - cash costs at c. $700m; - capex at $150m (o/w $89m for new build Ramform Hyperion, paid in Q1); - 50% of active 3D fleet time allocated to MultiClient; - MultiClient investments at $250m (vs. $250-275m), pre-funding at 100%.