Compagnie Generale de Gephysqu Vrts SA ( (VIRDY) ) has released its Q4 earnings. Here is a breakdown of the information Compagnie Generale de Gephysqu Vrts SA presented to its investors.
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Compagnie Generale de Gephysqu Vrts SA, known as Viridien, is a technology-driven company specializing in digital and Earth data solutions, primarily serving the geophysical and energy transition sectors. The company is recognized for its innovative approaches to addressing complex natural resource and infrastructure challenges.
Viridien’s 2024 financial results highlight a year of significant achievements, with the company surpassing its profitability and cash flow targets. The company reported a stable revenue of $1,117 million, alongside a notable 14% increase in adjusted EBITDA to $455 million, and a remarkable 73% rise in net cash flow to $56 million.
Key performance highlights include a 17% revenue growth in the Digital, Data & Environment segment, driven by strong performances in Geoscience and Earth Data. The Sensing & Monitoring segment faced a revenue decline but showed improved EBITDA due to restructuring efforts. Viridien’s new business ventures exceeded growth expectations, contributing to the overall positive financial performance.
Looking ahead, Viridien aims to continue its focus on technology leadership and operational efficiency. The company anticipates further growth in its core markets and new business areas, with a target of generating approximately $100 million in net cash flow in 2025, supported by a strong project pipeline and strategic restructuring initiatives.