Q4 revenue came in at $589m, broadly in line with consensus estimates. The operating income was $21m but the non-recurring items ($187m) brought in a $256m net loss. By division: - Equipment: revenue was $103m (-53% yoy); usually Q4 posts a seasonal rebound which was absent in 2015. The operating income was nil (affected by low volumes and product mix); - Contractual data acquisition: revenue came in at $114m (-45% yoy; -59% in Marine); the operating loss was $53m (due to Marine, while Land &

03 Mar 2016
Targeting 2016 net debt below $2.4bn

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Targeting 2016 net debt below $2.4bn
Q4 revenue came in at $589m, broadly in line with consensus estimates. The operating income was $21m but the non-recurring items ($187m) brought in a $256m net loss. By division: - Equipment: revenue was $103m (-53% yoy); usually Q4 posts a seasonal rebound which was absent in 2015. The operating income was nil (affected by low volumes and product mix); - Contractual data acquisition: revenue came in at $114m (-45% yoy; -59% in Marine); the operating loss was $53m (due to Marine, while Land &