Report
Jean-François Granjon

CGG : Des dépréciations d’actifs et pas de guidances – Neutre (vs Achat)

>Des résultats trimestriels affectés par des dépréciations d’actifs - Dans le cadre d’un trading update (cf. notre commentaire du 8 avril 2020), le groupe avait fourni quelques indicateurs trimestriels. Le CA ressort à 270,8 M$ en repli de 4% mais traduit une très bonne performance de l’activité Multi-Clients (+17%). Pour les résultats, l’EBITDA ressort à 122,7 M$ (110 M$ estimés), +3%, soit une marge de 45%. A noter également pour le trimestre une bonne génération de...
Underlying
CGG
CGG

CGG is a global participant in the geophysical seismic industry. Co. manufactures geophysical equipment and provides marine, land, and airborne data acquisition services. Co. also provides geosciences services, including data imaging, seismic data characterization, geosciences and petroleum engineering consulting services, and collecting, developing and licensing geological data. Co.'s clients are in oil and gas exploration and production industies. Co. divides its activities into four segments: Equipment, Contractual Data Acquisition, Geology, Geophysics and Reservoir (GGR), and Non-Operated Resources, including eight business lines, six Corporate functions, and four Group Departments.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jean-François Granjon

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