Last €6.57 EUR
Change Today +0.083 / 1.28%
Volume 0.0
GDGA On Other Exchanges
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As of 9:33 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

cgg - spon adr (GDGA) Snapshot

Open
€6.57
Previous Close
€6.49
Day High
€6.57
Day Low
€6.57
52 Week High
08/27/13 - €19.44
52 Week Low
08/14/14 - €6.44
Market Cap
1.2B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
177.1M
EX-Date
10/18/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CGG - SPON ADR (GDGA)

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cgg - spon adr (GDGA) Details

CGG, a geoscience company, provides geological, geophysical, and reservoir services to customers in the oil and gas exploration and production industry, as well as manufactures and sells geophysical equipment in North America, Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific. It operates in three segments: Acquisition; Geology, Geophysics & Reservoir; and Equipment. The Acquisition segment offers geophysical acquisition services, including land, marine, airborne, and seabed. This segment provides marine seismic 2D and 3D services; and delivers marine seismic contract data acquisition in ‘frontier’ areas, as well as provides marine seismic contract data acquisition and multi-client surveys. As of December 31, 2013, it had a fleet of 21 seismic vessels. This segment is also involved in the acquisition and onsite processing of seismic data acquired on land areas; and acquisition, processing, and interpretation of airborne geophysical data on land or offshore. The Geology, Geophysics & Reservoir segment develops and licenses multi-client seismic surveys; processing seismic data; sells seismic data processing and reservoir characterization software under the geovation, Hampson-Russell and Jason brands; provides geoscience and petroleum engineering consulting services; collects, develops, and licenses geological data; and providing data management services and software to its clients. The Equipment segment develops and produces seismic equipment in the land and marine seismic markets. This segment offers a range of geophysical equipment for seismic data acquisition, including seismic recording equipment, software, and seismic sources either for land (vibrators) or marine (air guns), as well as supplies its clients with integrated solutions. The company was formerly known as CCompagnie Générale de Géophysique Veritas, S.A. and changed its name to CGG in 2013. CGG was founded in 1931 and is headquartered in Paris, France.

Founded in 1931

cgg - spon adr (GDGA) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: €887.0K
Chief Financial Officer, Senior Executive Vic...
Total Annual Compensation: €558.9K
Senior Executive Vice President of Equipment ...
Total Annual Compensation: €578.4K
Compensation as of Fiscal Year 2013.

cgg - spon adr (GDGA) Key Developments

CGG Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Capex Guidance for the Year 2014 and Provides Capex Guidance for the Year 2015

CGG reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total income from ordinary activities was $689.6 million against $1,032.2 million for the same period last year. Operating loss was $185.9 million against income of $121.5 million for the same period last year. Net loss was $324.6 million against income of $35.7 million for the same period last year. Net income attributable to owners of the company was $326.5 million or $1.85 per basic and diluted share against $34.9 million or $0.19 per basic and diluted share for the same period last year. LBIT was $199 million against EBIT of $18 million a year ago. EBITDAS was $98 million against $324 million a year ago. Cash flow from operations was $263 million against $204 million a year ago. Loss of consolidated companies before income taxes was $295.2 million against income of $74.8 million a year ago. Global capex was $256 million this quarter, quite stable compared to last quarter with 2 different elements. For the six months, the company reported total income from ordinary activities was $1,496.2 million against $1,903.5 million for the same period last year. Operating loss was $151.4 million against income of $273.3 million for the same period last year. Loss of consolidated companies before income taxes was $305.8 million against income of $175.3 million for the same period last year. Net loss attributable to the company was $366.9 million or $2.07 per diluted share against income of $111.6 million or $0.63 per diluted share a year ago. Net debt as at March 31, 2014 was $2,575 million against $2,170 million as on June 30, 2013. LBIT was $181 million against EBIT of $279 million a year ago. EBITDAS was $286 million against $637 million a year ago. Cash flow from operations was $381 million against $267 million a year ago. Industrial Capex (incl. R&D Capex) were $188.4 million against $158.0 million a year ago. MC cash Capex was $331.0 million against $234.5 million a year ago. The 2014 Industrial capex guidance is reduced by 10% to $250 million, $275 million versus the $275 million, $300 million. All these elements will have a positive impact from business and on resilience. This result will continue in the years to come with less assets in operation. With the end of multi-client IBALT program in the Gulf of Mexico in third quarter of 2014, multi-client capex achieved a peak and will then go down to a more normal range of roughly $4 million capex range in 2015.

CGG Signs Agreement with Geokinetics in North America

CGG has signed a binding agreement with Geokinetics for the contribution by CGG of its North American Land Contract assets and activities (excluding its land multi-client and monitoring businesses) against a minority equity stake in Geokinetics. This combination is expected to secure Geokinetics position as a market leader in the North America contract business. The agreement establishes technology cooperation between the two companies, giving access to CGG Land technologies to the combined entity in North America. It also provides for a privileged relationship between Geokinetics and CGG Land Multi-Client Group in North America. This transaction is expected to be finalized by end of October 2014.

CGG Announces Board Changes

CGG announced that upon a proposal of the Appointments and Remuneration Committee, the Board of Directors, in a meeting held on July 31, 2014, has coopted Jean-Yves Gilet as Member of the Board of Directors of CGG. Jean Yves Gilet will replace Robert Brunck who stepped down from the Board of Directors on June 4, 2014. Jean-Yves Gilet, Directeur Executif de Bpifrance Participations will represent Bpifrance on CGG Board of Directors. He is appointed for the remaining period of office of his predecessor or until the Shareholders' meeting convened to approve the 2015 financial statements.

 

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