CGG: CGG Announces New Segment Reporting Names and Q1 2022 Financial Results Conference Call Details
CGG has announced a rebranding of its segment reporting names to align with its evolution as a technology-focused company effective from Q1 2022. The Geophysics, Geology and Reservoir segment will now be known as Data, Digital & Energy Transition, while Equipment will be rebranded as Sensing & Monitoring. Additionally, CGG will release its Q1 2022 financial results on May 4, 2022, with a conference call following the announcements. This strategic move reflects CGG's commitment to innovative technologies and energy transition solutions.
- Rebranding to highlight technology focus may attract new investors.
- Commitment to energy transition can enhance future growth prospects.
- None.
CGG Announces New Segment Reporting Names
and Q1 2022 Financial Results Conference Call Details
PARIS, France – April 19, 2022
New Segment Reporting Names
With CGG continuing to accelerate its development of a portfolio of unique technologies and proven expertise focused on rapidly growing new beyond the core markets, and to reflect the evolution of the Group into a Technology company, new segment reporting names will used from Q1 2022 financial reporting, which will be communicated on May 4, 2022.
CGG will continue to present its financial information under two reporting segments, renaming them as follows:
- Geophysics, Geology and Reservoir (GGR) reporting segment will be renamed into Data, Digital & Energy Transition (DDE):
- Geoscience business will keep its name as Geoscience (GEO), and
- Multi-Client business will be renamed into Earth Data (EDA)
- Equipment reporting segment will be renamed into Sensing & Monitoring (SMO).
First quarter 2022 financial results and conference call details
CGG will announce its first quarter 2022 financial results on Wednesday May 4th, 2022 after the close of the markets
- The press release and the slide presentation will be made available on our website www.cgg.com at 5:45 pm (CET)
- An English language analysts conference call is scheduled the same day at 6.30 pm (CET). To follow the conference call, please access the audio webcast from your computer at www.cgg.com. Please dial 5 to 10 minutes prior to the scheduled start time the following numbers:
| Confirmation Code: | 2885748 |
| Standard International | +44 (0) 2071 928338 |
| France (Toll Free) | +33 (0) 805101465 |
| France (Local) | +33 (0) 170700781 |
| UK (Toll Free) | +44 (0) 8002796619 |
| UK (Local) | +44 (0) 8444819752 |
| US (Toll Free) | +1 877 8709 135 |
| US (Local) | +1 646 7413 167 |
A replay of the conference call will be made available the day after for a period of 12 months in audio format on the Company's website www.cgg.com.
About CGG
CGG (www.cgg.com) is a global technology and HPC leader that provides data, products, services and solutions in Earth science, data science, sensing and monitoring. Our unique portfolio supports our clients in efficiently and responsibly solving complex digital, energy transition, natural resource, environmental, and infrastructure challenges for a more sustainable future. CGG employs around 3,300 people worldwide and is listed on the Euronext Paris SA (ISIN: 0013181864).
Contacts
| Group Communications & Investor Relations Christophe Barnini Tel: + 33 1 64 47 38 11 E-Mail: christophe.barnini@cgg.com |
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