CGG anticipates Q4 2021 segment revenue at around $301 million, up 15% sequentially and up 12% year-on-year.
CGG anticipates Q4 2021 segment revenue at around $301 million, up 15% sequentially and up 12% year-on-year.
Geoscience segment revenue is expected to be around $93 million, up 37% sequentially and up 50% year-on-year.
Multi-client segment sales are expected to be around $114 million, up 24% sequentially and up 12% year-on-year. After-sales are expected to be around $55 million.
Equipment segment sales are expected to be around $94 million, down 7% sequentially and down 11% year-on-year.
CGG anticipates full year 2021 segment revenue at around $941 million. A deal with Framena Investment and Anacap for the sale and lease back of its headquarters, the Galileo building in Massy, France, is expected to be completed in the first half of the year.
CGG anticipates year-end 2021 net debt to be around $865 million. Group liquidity at the end of December 2021 is expected to be around $320 million excluding $100 million undrawn RCF.
