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United Kingdom

CGG SA (GEPH.PA)

GEPH.PA on Paris Stock Exchange

1.50EUR
18 Jan 2019
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Latest Key Developments (Source: Significant Developments)

CGG: Sercel And Apave Enter Strategic Partnership
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - CGG SA ::REG-CGG: SERCEL AND APAVE ENTER STRATEGIC PARTNERSHIP FOR STRUCTURAL HEALTH MONITORING.SERCEL AND APAVE AIM TO BRING THEIR SOLUTION TO MARKET IN 2019 AND BEGIN COMMERCIAL DEPLOYMENT IN FRANCE IN EARLY 2020.  Full Article

CGG Continues To Expand Anadarko Basin Library With New Scoop/Stack Survey
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - CGG SA ::CGG: CONTINUES TO EXPAND ANADARKO BASIN LIBRARY WITH NEW SCOOP/STACK SURVEY.HAS COMMENCED ACQUISITION OF A NEW HIGH-DENSITY 3D SURVEY IN ANADARKO BASIN.  Full Article

CGG 2018 Year-End Net Debt At $736 Million
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - CGG SA ::2018 YEAR-END NET DEBT OF $736 MILLION.SOLID CGG NEW PERIMETER Q4 2018 REVENUE OF $432 MILLION.CGG ANTICIPATES SEGMENT GEOSCIENCE Q4 2018 REVENUE OF AROUND $108 MILLION, UP 16% SEQUENTIALLY..SOLID CGG NEW PERIMETER Q4 2018 REVENUE OF $432 MILLION DRIVEN BY STRONG SEGMENT MULTI-CLIENT SALES OF $219 MILLION.CGG EXPECTS 2018 YEAR-END NET DEBT TO COME DOWN TO AROUND $736 MILLION, COMPARED TO $769 MILLION AT END OF SEPTEMBER 2018.CGG ANTICIPATES SEGMENT MULTI-CLIENT SALES OF AROUND $219 MILLION FOR Q4 OF 2018.CGG ANTICIPATES SERCEL Q4 2018 EXTERNAL EQUIPMENT SALES OF AROUND $105 MILLION, UP 17% SEQUENTIALLY..GROUP'S LIQUIDITY IS EXPECTED TO INCREASE TO AROUND $435 MILLION AT END OF DECEMBER 2018, COMPARED TO $412 MILLION AT END OF SEPTEMBER 2018..  Full Article

CGG: Sercel Awarded Contract For 100,000-Channel 508XT Land Seismic Acquisition System
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - CGG SA ::PRESS RELEASE REG-CGG: SERCEL AWARDED CONTRACT FOR 100,000-CHANNEL 508XT LAND SEISMIC ACQUISITION SYSTEM BY MAJOR ACQUISITION PLAYER.  Full Article

CGG Presents Its 2021 Strategic Roadmap
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - CGG SA ::CGG PRESENTS ITS 2021 STRATEGIC ROADMAP.2021 FINANCIAL TARGETS: SEGMENT REVENUE AT $1.7B, +/- 5% WITH MORE THAN 30% COMING FROM NEW OFFERINGS.2021 FINANCIAL TARGETS: SEGMENT EBITDAS MARGIN AT 45% +/- 300BPS.2021 FINANCIAL TARGETS: SEGMENT OPINC MARGIN AT OVER 15%.2021 FINANCIAL TARGETS: SEGMENT FREE CASH FLOW OF $300M +/-10%.2021 FINANCIAL TARGETS: FINANCIAL LEVERAGE (NET DEBT / EBITDAS) BELOW 1X.2021 STRATEGIC ROADMAP: LEAN COST BASE: REDUCE G&A AND SUPPORT COSTS BY $40M BY 2021.CASH IMPACT UP TO $(200-250)M, OVER 2019-2021, WITH A 2.5 TO 3-YEAR PAYBACK.P&L IMPACT UP TO $(400-450)M, OVER Q4 2018 – 2021.  Full Article

CGG Q3 Operating Result Swings To Profit Of 45.1 Million Dollars
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - CGG SA ::Q3 GROUP REVENUE $439.1 MLN VS $320.1 MLN YEAR AGO.Q3 OPERATING PROFIT $45.1 MLN VS LOSS OF $60.4 MLN YEAR AGO .Q3 NET LOSS $1.5 MLN VS LOSS OF $124.4 MLN YEAR AGO.WE REMAIN ON TRACK WITH OUR 2018 TARGETS - CEO.  Full Article

Morgan Stanley Reports Passive Stake Of 10 Percent In CGG As Of Aug 6
Friday, 24 Aug 2018 

Aug 24 (Reuters) - CGG SA ::MORGAN STANLEY REPORTS PASSIVE STAKE OF 10 PERCENT IN CGG AS OF AUG 6 .MORGAN STANLEY HAD EARLIER REPORTED PASSIVE STAKE OF 5 PERCENT IN CGG AS OF MARCH 5 .  Full Article

CGG Q2 Net Income USD 49.1 Million
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - CGG SA ::ANNOUNCES ITS 2018 Q2 RESULTS.REITERATED 2018 OUTLOOK.IFRS Q2 FIGURES : REVENUE AT $314M, OPINC AT $26M, NET INCOME AT $49M.Q2 GROUP REVENUE $ 245.6 MILLION VERSUS $349.8 MILLION YEAR AGO.Q2 NET INCOME $ 49.1 MILLION VERSUS LOSS OF $169.7 MILLION YEAR AGO.Q2 SEGMENT EBITDAS $ 109.7MLN VERSUS $ 120.0 MILLION YEAR AGO.SAYS PRIORITY IS TO FOCUS ON CASH GENERATION, AND SPECIFICALLY THIS QUARTER CASH CONSUMPTION WAS LIMITED DUE TO RIGOROUS MANAGEMENT OF WORKING CAPITAL.Q2 SEGMENT OPERATING INCOME AT $40M, VERSUS LOSS OF $3M LAST YEAR.SAYS REMAINS ON TRACK TO MEET TARGETS FOR 2018.  Full Article

CGG Says Appeals Court of Paris Upholds Ruling Of Commercial Court Of Paris That Approved Co's Safeguard Plan
Monday, 21 May 2018 

May 21 (Reuters) - CGG SA ::ANNOUNCED ON FRIDAY THAT APPROVAL OF ITS SAFEGUARD PLAN BY COMMERCIAL COURT OF PARIS ON DEC 1, 2017, WAS UPHELD BY APPEALS COURT OF PARIS, SEIZED BY GROUP OF CONVERTIBLE BONDHOLDERS WHO HAD LAUNCHED RECOURSE AGAINST DRAFT PLAN.  Full Article

CGG Q1 IFRS Revenue At $246 million
Thursday, 17 May 2018 

May 17 (Reuters) - CGG SA ::REG-CGG : CGG ANNOUNCES ITS 2018 FIRST QUARTER RESULTS.Q1 IFRS FIGURES: REVENUE AT $246M, OPINC AT $(67)M, NET INCOME AT $647M.CONFIRM OUR REVENUE GROWTH AND EBITDAS MARGIN TARGETS FOR 2018.Q1 SEGMENT REVENUE AT $295M, UP 18% YEAR-ON-YEAR.Q1 SEGMENT EBITDAS AT $53M, UP 85% YEAR-ON-YEAR, AN 18% MARGIN.  Full Article

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Oil services group CGG to delist U.S. shares

PARIS Oil services group CGG , which has been emerging from a debt restructuring plan, said it would delist its U.S. securities as the company felt the New York Stock Exchange listing was too expensive.