The Q1 numbers were strong. DDE (data business) benefited from NOCS and E&P majors gearing up for a stronger drilling environment. The SMO (manufacturing) business saw a
As tariffs continue to influence market dynamics, we've taken a comprehensive look across our coverage to highlight the names most likely to be affected. For full transparency, we've also included those that remain unaffected—it's just as important to understand where the impact isn't being felt.
Refinancing the USD/EUR notes due 2027 was raised as an option during the FY call. The new SSNs will push the maturities out to 2030. Interest costs will
CGG had a strong Q1 with Revenue/EBITDA and cash flow all beating our model. The pull to par in the bonds will continue. However, as we have said before, we do
CGG operationally continues to improve, and we expect FCF/Cash interest at 1.4x in 2024. National Oil Companies have already increased expenditure, and the
CGG will generate free cash flow in FY23. However, the positive momentum in Oil Field Services in H223 needs to be considered alongside the most recent poor economic data from the US and China. Q3 showed an improvement in the Data business
