(AOF) – In the third quarter of 2023, CGG announces that its operating income from activities increased by 31% to $33 million, showing a margin of 11% compared to 12% a year earlier. Over this period, the French company specializing in subsoil exploration posted a net profit of $8 million compared to a loss of $1 million a year ago. Business EBITDAs jumped 41% from $77 million to $109 million, a stable margin of 35%. Over this quarter, the group’s turnover was $293 million, up 15%.
Operating cash flow was $145 million, up 289% and includes a positive change in working capital of $31 million.
Free cash flow from activities amounted to $84 million, compared to a negative $61 million a year earlier.
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