CGGVeritas Announces Fourth Quarter 2007 Revenue of EUR604 Million, $876 Million
14 Fevereiro 2008 - 4:30AM
PR Newswire (US)
PARIS, February 14 /PRNewswire-FirstCall/ -- CGGVeritas (ISIN:
0000120164 - NYSE: CGV) announced today its unaudited revenue for
the fourth quarter 2007 of EUR604 million ($876 million) up 15% in
euros and up 29% in dollars compared to pro-forma EUR523 million
($678 million) for the same period last year. Activity during the
fourth quarter was robust across all Services business lines and at
Sercel. In Services, contract land and marine operations performed
well and multi-client after-sales were strong. Services and Sercel
revenue compared to pro-forma 2006 fourth quarter: Revenue for
Services of EUR442 million ($641 million) was up 14% in euros and
27% in dollars. Sercel external sales were at EUR161 million ($236
million) up 21% in euros and up 35% in dollars. Total revenue for
Sercel of EUR176 million ($258 million) was down 7% in euros and up
6% in dollars. 2007 CGGVeritas revenue: 2007 CGGVeritas revenue of
EUR2.374 billion ($3.251 billion) was up 19% in euros and up 30% in
dollars compared to pro-forma 2006 revenue of EUR1.990 billion
($2.500 billion). 2007 final consolidated results will be released
February 28th 2008. Our audited financial statements for the year
ended December 31, 2007 will be included in our annual report on
Form 20-F to be filed with the SEC. We filed our annual report on
Form 20-F for the year ended December 31, 2006 with the SEC on May
7, 2007. Our annual report on Form 20-F for 2006 is, and our annual
report for 2007 will be, available on our website at
http://www.cggveritas.com/ or on the website maintained by the SEC
at http://www.sec.gov/. You may request a copy of our annual
reports on Form 20-F, which include our complete audited financial
statements, at no charge, by calling our investor relations
department at +33-1-64-47-38-31, sending an electronic message to
or or writing to CGGVeritas - Investor Relations Department, Tour
Maine Montparnasse 33, avenue du Maine, 75015 Paris, France. About
CGGVeritas: CGGVeritas (http://www.cggveritas.com/) is a leading
international pure-play geophysical company delivering a wide range
of technologies, services and equipment through Sercel, to its
broad base of customers mainly throughout the global oil and gas
industry. CGGVeritas is listed on the Eurolist of Euronext Paris SA
(ISIN: FR0000120164) and the New York Stock Exchange (in the form
of American Depositary Shares, NYSE: CGV). Investor Relations
Contacts: Paris: Christophe Barnini Tel.: +33-1-64-47-38-10 E-Mail:
Houston: Hovey Cox Tel.: +1-832-351-8821 E-Mail: DATASOURCE:
CGGVeritas CONTACT: Investor Relations Contacts: Paris: Christophe
Barnini, Tel.: +33-1-64-47-38-10, E-Mail: ; Houston: Hovey Cox,
Tel.: +1-832-351-8821, E-Mail:
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