CGG: targets 2024 sales close to 2023 levels

(CercleFinance.com) - CGG has announced 2023 sales of $1,076m, EBITDAs of $351mand operating income of $119m.


Sales from activities amount to $1,125m, up 21% y-o-y.

EBITDAs from activities amount to $400m, representing a margin of 36%. Operating income was $138m, representing a margin of 12%, reflecting the business mix.

The group posted net income of $16m and net cash flow of $32m, including $(66)m in contractual indemnities for vessels.

In 2024, business sales are expected to be close to those of 2023, CGG says.


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