CGG Releases 2005 Operating Results
|Wednesday, February 15, 2006
Compagnie Générale de Géophysique (CGG) announced non-audited revenues at December 31, 2005 of Euros 870 million (US$1.081 billion), up 27% compared to Euros 687 million (US$855 million) in 2004.
The total revenues for the fourth quarter 2005 were Euros 263 million (US$312 million), up 34% in Euros and up 23% in USD compared to Euros 196 million (US$254 million) in the fourth quarter 2004.
Commenting on the figures, CGG CEO Robert Brunck said : "The fourth quarter was strong as anticipated, driven by continuing improved market conditions. In view of these figures, we can confirm our target for full year 2005 operating results."
CGG’s 2005 audited financial results will be released on March 9th 2006.