CGG


06/10/21 -"EPS 2021 and 2022 are down, as we now expect an EBITDA of $325m vs $428m previously for 2021 and $480m vs $525m previously in 2022. We have revised our estimates based on the weak H1 and expect that ..."

Pages
55
Language
English
Published on
06/10/21
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21/10/21
Mixed results with an EBITDA c. 15% below consensus, but positive cash, and due to a release in working capital. On the outlook, gross cash costs are ...

18/10/21
We have refreshed our model with the updated participation in Technip Energies, down to 12.30% vs 42% previously. The EPSs are impacted negatively by ...

15/10/21
EPS 22 is up as we increase our estimates on the oil price to $70/bbl vs $65/bbl previously, impacting net income positively by c. €500m.

15/10/21
Net profit estimates for FY21 and FY22 are up by $400m and $700m, respectively. In FY21, the net profit is up on higher gas prices (+$3.2/mmbtu vs ...

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

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