EMGS: Full year and fourth quarter results 2012
(Thomson Reuters ONE) -
Highlights in the fourth quarter 2012:
* 2012 Financial results:
* Revenues of USD 200.8 million
* EBITDA of USD 55.9 million
* Net profit of USD 11.9 million
* Q4 Financial results:
* Revenues at USD 45.0 million
* EBITDA of USD 10.1 million
* Net loss of USD 0.7 million
* Petrobras contract extension worth USD 12 million awarded and executed
* USD 7 million contract awarded by Shell in Malaysia
* Three-year global frame agreement signed with Shell
* Letters of Intent received from two new customers for contracts totalling
10 weeks of data acquisition in Asia
Subsequent important events
* Letter of Award received for contract totalling approximately six months of
data acquisition for the BOA Thalassa in Asia
"Although earnings fell short of our expectations for the second half of 2012,
we have delivered annual revenue growth of 16% with continued strong margins for
the full financial year 2012. We have also made strategically important
investments in new technology, product development and a rapidly growing multi-
client data library. This provides a good foundation for further growth in 2013
and beyond," said Roar Bekker, CEO of EMGS.
The full report and presentation can be downloaded by clicking on the links
below.
Contact
Roar Bekker, EMGS chief executive officer, +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
Chris Guldberg, EMGS Head of PR/IR, +47 73 56 88 10 / +47 92 81 07 07
About EMGS
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM)
technology to support oil and gas companies in their search for offshore
hydrocarbons. EMGS supports each stage in the workflow, from survey design and
data acquisition to processing and interpretation. The company's services enable
integration of EM data with seismic and other geophysical and geological
information to give explorationists a clearer and more complete understanding of
the subsurface. This improves exploration efficiency, and reduces risks and the
finding costs per barrel.
EMGS has conducted more than 650 surveys to improve drilling success rates
across the world's mature and frontier offshore basins. The company operates on
a worldwide basis with main offices in Trondheim, Stavanger and Oslo, Norway;
Houston, USA; and Kuala Lumpur, Malaysia. Please visit www.emgs.com for more
information.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Fourth quarter presentation:
http://hugin.info/137402/R/1676187/546220.pdf
Fourth quarter report:
http://hugin.info/137402/R/1676187/546221.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: EMGS via Thomson Reuters ONE
[HUG#1676187]
Unternehmensinformation / Kurzprofil:
Datum: 07.02.2013 - 07:31 Uhr
Sprache: Deutsch
News-ID 227114
Anzahl Zeichen: 3610
contact information:
Town:
Trondheim
Kategorie:
Business News
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"EMGS: Full year and fourth quarter results 2012"
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