Compagnie Generale de Gephysqu Vrts SA ( (VIRDY) ) has released its Q1 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, operating under the name Viridien, is a leading technology and Earth data company focused on providing advanced solutions for natural resource, digital, energy transition, and infrastructure challenges. With a global workforce of approximately 3,400 employees, Viridien is listed on the Euronext Paris stock exchange.
Viridien’s financial performance for 2024 showcased a year of significant achievements, with the company meeting its revenue targets and surpassing expectations in profitability and cash generation. The company reported a stable revenue of $1,117 million and a remarkable 14% increase in adjusted EBITDA to $455 million. Notably, net cash flow surged by 73% to $56 million, driven by strong performances across its core segments.
Key highlights from the 2024 financial results include a 17% revenue growth in the Digital, Data & Environment segment, with Geoscience and Earth Data leading the charge. The Sensing & Monitoring segment, despite a revenue decline due to the absence of mega crew systems, showed positive restructuring impacts with a 104% increase in Q4 EBITDA. The company also achieved a 33% revenue growth in its New Businesses, surpassing its target.
Looking ahead to 2025, Viridien is poised to continue its momentum with a focus on technology leadership and expansion of new business areas. The company anticipates further improvements in cash flow and profitability, supported by a strong project pipeline and the conclusion of certain contractual fees. Viridien aims to generate approximately $100 million in net cash flow, emphasizing its commitment to financial stability and growth.
Overall, Viridien’s strategic initiatives and robust financial performance position it well for continued success in the evolving energy and technology sectors, with a clear focus on innovation and operational efficiency.