Viridien : Towards less favourable momentum in SMO
>Outperform recommendation and target price adjusted to € 80 - Post-publication and company contact, we have adjusted down our EBITDA forecast for 2024-2026 by 6% on average. The SMO activity continued to penalise the formation of group’s results hence the announcement of structural adjustment measures at this activity (reduction of capacity in Houston, closure of Singapore and announcement of 150 jobs losses in France). We reiterate our Outperform recommendation and...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.
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.
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