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CGG SA (GEPH.PA)

GEPH.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

CGG Announces Offering Of Its 300 Million Dollar And 280 Million Euro First Lien Senior Secured Notes
Friday, 13 Apr 2018 

April 13 (Reuters) - CGG SA ::ANNOUNCES SUCCESSFUL OFFERING OF ITS $300 MILLION AND €280 MILLION FIRST LIEN SENIOR SECURED NOTES.NOTES ARE DUE IN 2023.WEIGHTED AVERAGE COUPON OF 8.40%.NOTES WILL BE ISSUED AT PAR.TO USE NET PROCEEDS FROM OFFERING TO REDEEM ENTIRE OUTSTANDING PRINCIPAL AMOUNT OF EXISTING FIRST LIEN SENIOR SECURED NOTES DUE 2023.NOTES ARE EXPECTED TO BE ISSUED ON APRIL 24, 2018.  Full Article

CGG Finalizes The Implementation Of Its Financial Restructuring Plan
Wednesday, 21 Feb 2018 

Feb 21 (Reuters) - CGG ::CGG: FINALIZES THE IMPLEMENTATION OF ITS FINANCIAL RESTRUCTURING PLAN.CGG - FOLLOWING COMPLETION, CO NOW BENEFITS FROM RESTORED BALANCE SHEET WITH LEVEL OF GROSS FINANCIAL DEBT REDUCED TO ABOUT $1.2 BILLION​.CGG - NET FINANCIAL DEBT / EBITDAS 2017 RATIO ESTIMATED TO BE LESS THAN 2X, IMMEDIATELY AFTER COMPLETION OF TRANSACTIONS.CGG - ‍ ISSUED $663.6 MILLION OF FIRST LIEN SECURED SENIOR NOTES DUE 2023 FOR BALANCE OF SECURED LOANS TAKING INTO ACCOUNT UPFRONT PAYDOWN OF $150 MILLION​.  Full Article

CGG FY Revenue Up 10%, Standing At $1,320 Million​
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - CGG ::REG-CGG: PROVIDES FULL YEAR 2017 TRADING UPDATE.‍FULL-YEAR 2017 CGG GROUP REVENUE WAS UP 10% YEAR-ON-YEAR, STANDING AT $1,320 MILLION​.‍GROUP Q4 REVENUE STOOD AT $400 MILLION, COMPARED TO $328 MILLION YEAR AGO​.‍RESTRUCTURING COSTS ARE ESTIMATED AT $187 MILLION FOR WHOLE YEAR 2017, INCLUDING $26 MILLION BOOKED IN Q4​.2017 GROUP EBITDAS (BEFORE RESTRUCTURING COSTS) SHOULD BE HIGHER THAN EXPECTED.‍NET DEBT AMOUNTED TO $2.640 BILLION AS AT DECEMBER 31, 2017​.  Full Article

CGG Obtains Recognition Of French Ruling Approving Its Safeguard Plan By US Court
Friday, 22 Dec 2017 

Dec 22 (Reuters) - CGG SA ::SAID ON THURSDAY IT OBTAINED RECOGNITION OF THE FRENCH RULING APPROVING ITS SAFEGUARD PLAN BY THE US COURT AS PART OF THE CHAPTER 15 PROCESS.  Full Article

Fugro And Cgg's Jointventure Seabed Geosolutions Awarded Two New Contracts
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Fugro and Seabed Geosolutions::.  Full Article

CGG Says CEO To Step Down Once Restructuring Process Is Completed​
Monday, 4 Dec 2017 

Dec 4 (Reuters) - CGG ::REG-CGG: ANNOUNCES THE LAUNCH OF CEO SUCCESSION PLAN.CEO JEAN-GEORGES MALCOR HAS DECIDED NOT TO PURSUE HIS MANDATE OF CHIEF EXECUTIVE OFFICER ONCE RESTRUCTURING PROCESS IS COMPLETED​.‍BOARD OF DIRECTORS WILL THEREFORE IMMEDIATELY LAUNCH SEARCH FOR A NEW CHIEF EXECUTIVE OFFICER.​.‍JEAN-GEORGES MALCOR WILL COMPLETE FINANCIAL RESTRUCTURING PROCESS IN Q1 OF 2018​.  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.