TGS Announces Q1 2013 Revenues of USD 211 Million
(Thomson Reuters ONE) -
ASKER, NORWAY (25 April 2013) - TGS reports net revenues of USD 211 million in
Q1 2013, compared to USD 191 million in Q1 2012, a 10% increase. The Company's
operational multi-client investments were USD 126 million, up 24% from Q1
2012. TGS' net late sales totaled USD 127 million, up 12% from Q1 2012.
1st QUARTER HIGHLIGHTS
* Consolidated net revenues were USD 211 million, an increase of 10% compared
to Q1 2012.
* Net late sales totaled USD 127 million, up 12% from Q1 2012.
* Net pre-funding revenues were USD 56 million, down 25% from Q1 2012, funding
44% of the Company's operational multi-client investments during Q1
(investments of USD 126 million, up 24% from Q1 2012).
* Proprietary revenues were USD 29 million, compared to USD 4 million in Q1
2012.
* Operating profit (EBIT) was USD 89 million (42% of net revenues), compared
to USD 89 million (46% of net revenues) in Q1 2012.
* Cash flow from operations was USD 179 million, up from USD 147 million in Q1
2012.
* Earnings per share (fully diluted) were USD 0.58, compared to USD 0.61 in Q1
2012.
"We are pleased to report record late sales for a first quarter period
confirming the value of our high quality data library. These results put us on
track with our 2013 plan," TGS' CEO Robert Hobbs stated.
To access TGS Q1 2013 results information click below:
* Earnings Release
* Presentation Slides
* Webcast
Q1 2013 Conference Call
CEO Robert Hobbs and CFO Kristian Johansen will host a conference call on 25
April 2013 at 15:00 CET (9:00 AM New York time). Attendees may want to call
5-10 minutes before 15:00 CET (9:00 AM NY) to ensure registration and access.
* Norwegian attendees are invited to call +800 56054 or +47 2316 2771
* International attendees are invited to call 0800 279 5004 or +44 (0)20
7136 2056
* US attendees are invited to call +1 877 280 1254
Participants will need to quote the following confirmation code when dialing
into the conference: 5452624.
A Q&A session will follow a short introduction, based upon the presentation
issued in the morning. To pose a question, please press *1.
A replay of the conference call will be available shortly after. To access
replay of the TGS conference call,
* dial +47 2100 0498 (Norway) or +44 (0)20 3427 0598 (International) or
+1 347 366 9565 (US)
* replay access code 5452624 followed by # (pound-sign)
A replay of the conference call will also be available at www.tgs.com.
Company summary
TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil
and gas Exploration and Production companies worldwide. In addition to
extensive global geophysical and geological data libraries that include multi-
client seismic data, magnetic and gravity data, digital well logs, production
data and directional surveys, TGS also offers advanced processing and imaging
services, interpretation products, permanent reservoir monitoring and data
integration solutions.
For more information visit TGS online at www.tgs.com.
Forward-looking statements and contact information
All statements in this press release other than statements of historical fact
are forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict, and are based upon
assumptions as to future events that may not prove accurate. These factors
include TGS' reliance on a cyclical industry and principal customers, TGS'
ability to continue to expand markets for licensing of data, and TGS' ability to
acquire and process data products at costs commensurate with profitability.
Actual results may differ materially from those expected or projected in the
forward-looking statements. TGS undertakes no responsibility or obligation to
update or alter forward-looking statements for any reason.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange
(OSLO:TGS).
For additional information about this press release please contact:
Kristian Johansen
Chief Financial Officer
Cell: +47 47 60 33 34
Email: kristian.johansen(at)tgs.com
Will Ashby
Director Investor Relations and M&A
Tel: +1 713 860 2184
Email: will.ashby(at)tgs.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
Presentation Slides:
http://hugin.info/86869/R/1696132/558482.pdf
Earnings Release:
http://hugin.info/86869/R/1696132/558481.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: TGS via Thomson Reuters ONE
[HUG#1696132]
Unternehmensinformation / Kurzprofil:
Datum: 25.04.2013 - 07:51 Uhr
Sprache: Deutsch
News-ID 252760
Anzahl Zeichen: 5667
contact information:
Town:
Asker
Kategorie:
Business News
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