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CGG SA (GEPH.PA)

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Latest Key Developments (Source: Significant Developments)

CGG: Sercel launched first distributed acoustic sensing (DAS) seismic solution: SigmaWave
Wednesday, 20 Mar 2019 

March 20 (Reuters) - CGG SA ::* CGG announced today that Sercel has launched its first distributed acoustic sensing (DAS) seismic solution: SigmaWave..* Designed in partnership with Fotech Solutions, SigmaWave is the first integrated distributed acoustic solution designed exclusively for borehole seismic applications .* It is a new and integral part of Sercel’s existing downhole seismic equipment portfolio and allows continuous, real-time, seismic measurements via fiber optic cable.  Full Article

CGG's Sercel Increases Vibroseis Productivity
Tuesday, 19 Mar 2019 

March 19 (Reuters) - CGG SA ::REG-CGG: SERCEL OPTIMIZES VIBROSEIS PRODUCTIVITY WITH LAUNCH OF VIBRATOR AUTO-GUIDANCE.CGG LAUNCH BY SERCEL OF WORLD'S FIRST VIBRATOR AUTO-GUIDANCE SOLUTION, DESIGNED TO INCREASE VIBROSEIS PRODUCTIVITY BY UP TO 10%.  Full Article

CGG Q4 Net Loss Widens To 790 Million Dollars
Friday, 8 Mar 2019 

March 8 (Reuters) - CGG SA ::REG-CGG: CGG ANNOUNCES ITS 2018 FOURTH QUARTER & FULL-YEAR RESULTS.IN 2019 EXPECTED HIGH SINGLE DIGIT REVENUE GROWTH IN LINE WITH INCREASE IN E&P SPENDING.IN 2019 SEGMENT EBITDAS MARGIN EXPECTED AT C. 45%, DEPENDING ON REVENUE MIX.IN 2019 SEGMENT OPERATING INCOME IN THE RANGE OF $75-125M.IN 2019 SEES TOTAL CAPEX IN THE RANGE OF $330M-365M WITH MULTI-CLIENT CASH CAPEX AT $250-275M.IN 2019 SEES HIGHER CASH GENERATION, WITH SEGMENT FCF IN THE RANGE OF $175-200M.GROUP GROSS DEBT WAS $1,167 MILLION AT THE END OF DECEMBER 2018.Q4 NET LOSS $ 790 MILLION VERSUS LOSS $74.9 MILLION YEAR AGO.Q4 GROUP REVENUE $ 370.2 MILLION VERSUS $ 360.9 MILLION YEAR AGO.THE GROUP’S LIQUIDITY AMOUNTED TO $434 MILLION AT THE END OF DECEMBER 2018..  Full Article

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