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CGG ( OTC:CGGYY ) anticipates Q4 2022 segment revenue at around 321M, up 48% sequentially and up 8% proforma Y/Y, driven by strong aftersales, especially in the US Gulf of Mexico and Scandinavia, and higher deliveries of equipment in December 2022.
It is sustained by solid Earth Data sales at around $147M, up 137% sequentially and up 29% Y/Y.
FY 2022 segment revenue expected at around $931M and FY 2022 segment EBITDAs expected to be above latest guidance.
Q4 2022 positive Net Cash Flow expected at around $61M.