04 Mar 2022

Q4: positive guidance

- Kevin VO
- 2 pages

Positive results, confirming the trading update published in January. The recovery is a progressive one but the guidance for FY22 is above our estimates (EBITDA guided at c. $480m vs $450m in our estimates). Capital discipline remains in the sector but the group seems confident for FY22 as it is increasing its spending (Multi-Client spending at $200m vs $165m in FY21).

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Q4: positive guidance

CGG (CGG:EPA), 0 | CGG (CGG:PAR), 0

Published: 04 Mar 2022
Author: Kevin VO
Pages: 2

Positive results, confirming the trading update published in January. The recovery is a progressive one but the guidance for FY22 is above our estimates (EBITDA guided at c. $480m vs $450m in our estimates). Capital discipline remains in the sector but the group seems confident for FY22 as it is increasing its spending (Multi-Client spending at $200m vs $165m in FY21).