The good results were toned down by management lacking visibility in H2 on the demand stemming from seismic “megacrews” that had supported growth in H1. The quarter remains positive with cash generation in continued operations and the strategic partnership signed in marine acquisition.

26 Jul 2019
Q2: strong land equipment in H1 to cool down in H2

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Q2: strong land equipment in H1 to cool down in H2
The good results were toned down by management lacking visibility in H2 on the demand stemming from seismic “megacrews” that had supported growth in H1. The quarter remains positive with cash generation in continued operations and the strategic partnership signed in marine acquisition.