Positive nyheter fra PGS

Positive nyheter fra PGS

PGS melder om bedre resultater for tredje kvartal enn forventet. Salg av multiklient data og forhåndsfinansiering bidrar til de positive tallene.

October 12, 2016: Oslo, Norway, Petroleum Geo-Services ASA («PGS» or «the Company») expects to report consolidated Q3 2016 revenues of approximately $220 million, and EBITDA of approximately $110 million. 

MultiClient sales is the main contributor to the strong performance and ended at approximately $145 million of which approximately $85 million were pre-funding revenues. Capitalized MultiClient cash investment amounted to approximately $65 million.

The Company provides this information based on preliminary consolidated Q3 2016 numbers. The Company has not completed all review and control procedures relating to its quarterly reporting and significant evaluations have not yet been concluded. Such procedures could identify required adjustments to revenues, costs and/or the carrying value of assets or liabilities compared to the preliminary consolidated numbers. The estimates provided in this release are therefore subject to change and the Q3 2016 financial statements finally approved and released by the Company may deviate materially from the information herein.

The Company will present its Q3 2016 results on October 27, 2016.