Economia
Q2 & h1 2024 Results
STRONG RESULTS DRIVEN BY GEOSCIENCE'S PERFORMANCE
Sophie Zurquiyah, Chief Executive Officer of Viridien, said:
“ The second quarter confirmed the favorable environment that we anticipated for our Geoscience and Earth Data businesses, with strong order intake and a good pipeline of multiclient projects leading well into 2025. In particular, we started a significant ocean bottom node project in the Gulf of Mexico, featuring several of our leading technologies that are critical to solving subsurface complexities.
Sensing & Monitoring revenue lowered this second quarter without “mega crew” equipment orders in 2024 and we are making good progress with its transformation plan to mitigate the impact on financial results.
Following our recent S&P credit rating upgrade, we have signed an extension of our $100 million revolving credit facility to October 2026, a key element of our financial roadmap.
Given our solid performance in the first half of the year and improved visibility for the second half, we reiterate our full year targets for Revenue, EBITDA and Net Cash Flow. ”
Second Quarter Highlights
[1] All variations refer to the same period last year
[2] Unless otherwise stated, all figures and comments are referring to “Segment” (i.e. pre-IFRS 15), as defined in the 2023 Universal Registration Document's glossary, under section 8.7
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The Board of Directors met on July 30, 2024 and approved the consolidated financial statements ending June 30, 2024. Limited review procedures were completed, and an unqualified review report has been issued by the statutory auditors.
About Viridien (formerly CGG):
Viridien ( www.viridiengroup.com ) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,500 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN until July 30: FR0013181864 and ISIN as from July 31: FR001400PVN6).
Contact:
VP Corporate Finance
Jean-Baptiste Roussille
jean-baptiste.roussille@viridiengroup.com
Q2 & H1 2024 - Financial Results
CONSOLIDATED FINANCIAL STATEMENTS - June 30 , 2024
Unaudited Interim Consolidated statement of operations – Year-To-Date
(a) Earning per share is presented as nil being less than US$0.01 at June 30,2023.
See the notes to the Unaudited Interim Consolidated Financial Statements
Unaudited Interim Consolidated statement of comprehensive income (loss) – Year-To-Date
(a) Including other comprehensive income related to the discontinued operations.
Unaudited Interim Consolidated statement of financial position
See the notes to the Unaudited Interim Consolidated Financial Statements
Unaudited Interim Consolidated statement of cash flows
See the notes to the Interim Consolidated Financial Statements
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