Viridien (FRA:GDG)
€ 86.5 -2.55 (-2.86%) Market Cap: 628.39 Mil Enterprise Value: 1.44 Bil PE Ratio: 8.67 PB Ratio: 0.69 GF Score: 58/100

Q1 2025 Viridien SA Earnings Call Transcript

Apr 29, 2025 / 04:00 PM GMT
Release Date Price: €46.17 (-5.88%)

Key Points

Positve
  • Revenue grew by 10% and IPA increased by 35%, marking the strongest profitability for the first quarter in a decade.
  • Successful refinancing of debt extended maturity to 2030 and reduced gross debt by $200 million.
  • Strong liquidity position bolstered by an increased RCS facility, demonstrating trust from banking partners.
  • Geoscience segment revenue grew 25%, driven by strong backlog and significant software sales.
  • Successful completion of key milestones from the financial roadmap, enhancing operational flexibility.
Negative
  • Net cash flow was negative $20 million, impacted by interest payments made earlier than usual.
  • Uncertainty in the market due to global developments with tariffs and additional OPEC production.
  • Potential delays in multi-client projects and shifts in SMO deliveries due to macroeconomic volatility.
  • Exposure to offshore deepwater projects may pose risks if global geopolitical or economic conditions worsen.
  • A slowdown in carbon sequestration projects due to regulatory uncertainties and CapEx cuts by IOCs in Europe.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VIRI.PA - Viridien SA
Q1 2025 Viridien SA Earnings Call
Apr 29, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the Meridian first quarter 2025 financial results conference call. At this time, all participants are in listen-only modes. After the speaker's presentation, there will be the question and answer session. To ask a question during the session, you need to press 11 on your telephone keypad. You will then hear an automated message advising your hand is raised. To withdraw a question, please press 11 again.

Please be advised that today's conference is being recorded.

I would like to hand the conference over to a speaker today, Jean Baptiste Soil. Please go ahead, sir.

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Unidentified_2 [2]
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