Quarterly EBITDA boosted by solid multi-client sales
- Revenue at $350m
- GGR: solid Multi-Client quarterly sales boosted by Mexican and Brazilian licensing rounds
- Equipment: persistent low volumes
- Contractual Data Acquisition: good marine operational performance in very challenging market conditions
- EBITDAs1 at $120m
- Group Operating Income1 at $(3)m
- Capex at $78m and Free Cash Flow1 at $(24)m
- Net debt up at $2,497m at end of June with liquidity down to $315m
- Net income at $(170)m
2017 Market outlook unchanged
- 2017 operating results still expected in line with 2016, based on different mix:
- Multi-Client: sales supported by good positioning in key basins
- Equipment: low volumes in a context of uncertain recovery horizon
- Data acquisition: still hampered by low exploration spending with the usual unfavorable seasonality in H2