CGG: improvement of accounts











Photo credit © CGG


(Boursier.com) — In the first half of 2022, revenue from the activities of CGG is $393 million, up 14% pro forma over one year.

Business EBITDA was $164m vs. $72 million. .
Business operating income was $61 million instead of -$24 million.
The group’s net income is -2 M$ compared to -136 M$ in the first half of 2021.
Net cash flow amounted to $13 million.

Net debt before IFRS 16 was $812 million at the end of June 2022.

The gearing ratio, net debt to adjusted EBITDAs from operations, was 2.1x at the end of June 2022, down from 2.7x at the end of March 2022.


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