CGG said it expects fourth quarter segment revenue at around $301 million, up 12% year-on-year proforma (excluding GeoSoftware). The company projects full year 2021 segment revenue at around $941 million.

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CGG said it expects fourth quarter segment revenue at around $301 million, up 12% year-on-year proforma (excluding GeoSoftware). The company projects full year 2021 segment revenue at around $941 million.

RTTNews | Jan 10, 2022 02:02AM EST

02:01 Monday, January 10, 2022 (RTTNews.com) - CGG said it expects fourth quarter segment revenue at around $301 million, up 12% year-on-year proforma (excluding GeoSoftware). The company projects full year 2021 segment revenue at around $941 million.

CGG expects 2021 positive net cash flow around $15 million before $40 million refinancing cash costs. The company anticipates year-end 2021 net debt, before IFRS 16, to be around $865 million.

Group's Liquidity at the end of December 2021 is projected to be around $320 million excluding $100 million undrawn RCF.

Read the original article on RTTNews ( https://www.rttnews.com/3253706/cgg-q4-segment-revenue-up-12-quick-facts.aspx)

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