EMGS forbedrer resultatet fra 1. kvartal med 3,9 millioner USD. Selskapet har solgt multiklient-data for 10.1 millioner USD og kontrakt-salf for 0,5 millioner USD, men tilskriver mye av resultatet reduserte operasjonelle kostnader.
«We are pleased to see an increase in revenues when compared to the first quarter and a positive EBITDA as a result of a continuous focus on costs. The recently completed rights issue will strengthen the Company’s financial position going forward», sier CEO i EMGS, Christiaan Vermeijden i en pressemelding.
Også PGS rapporterer bedre resultater sammenlignet med samme periode i fjor, med nærmere 60 millioner USD mer i inntekter enn samme periode i fjor.
«The robust MultiClient late sales performance in Q2 was primarily driven by a diverse customer base in Europe and South America buying from our high quality GeoStreamer data library. The MultiClient acquisition activity focused on the North Sea and the Mediterranean. We experienced solid client interest, which combined with low unit cost from our high productivity Ramform vessels led to a pre-funding level of 115%. Our Marine contract revenues increased significantly in the quarter. We allocated a majority of the capacity to contract work and were, with strong operations, able to realize improved prices compared to last year.
The order book decreased sequentially primarily in the marine contract segment as expected, but is still higher than at the same time last year. In preparation for the coming winter season where there is uncertainty relating to especially Q4, we are planning to cold-stack the Ramform Vanguard after the North Sea season. The capacity adjustment and further cost reduction initiatives will result in annual run rate cash cost savings of $50-60 million with effect from Q4.
The first half of 2017 has played out in accordance with our expectations and within the scenarios we envisaged when we refinanced in Q4 2016. The successful refinancing combined with a significantly lower cost base make PGS well positioned to benefit from future market opportunities», uttaler Jon Erik Reinhardsen, CEO, i en pressemelding.