Beyond the Core

CGG Announces its Q1 2023 Results

Retrieved on: 
Wednesday, May 3, 2023
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PARIS, France – May 3, 2023 – CGG (ISIN: FR0013181864), a global technology and high-performance computing (HPC) leader, announced today its first quarter 2023 non-audited results.

Key Points: 
  • PARIS, France – May 3, 2023 – CGG (ISIN: FR0013181864), a global technology and high-performance computing (HPC) leader, announced today its first quarter 2023 non-audited results.
  • Looking ahead, our clients are ramping up their longer-term exploration efforts with increasing emphasis on efficiency, effectiveness, and lowering their carbon footprint.
  • Cash liquidity of $301m as of March 31, 2023, excluding $95m undrawn RCF.
  • Net debt before IFRS 16 at $905m as of March 31, 2023.