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Announcement of Q2 2025 Financial Results on Thursday, July 31, after market close
Globenewswire· 2025-07-17 05:30
Core Viewpoint - Viridien is set to announce its second quarter 2025 financial results on July 31, after market close, indicating a significant upcoming event for stakeholders [1]. Company Overview - Viridien is an advanced technology, digital, and Earth data company focused on sustainable solutions for complex challenges in natural resources, digital, energy transition, and infrastructure [3]. - The company employs approximately 3,400 people globally and is listed on Euronext Paris SA under the ticker VIRI [3]. Conference Call Details - Participants must register for the conference call to receive a dial-in number and PIN code, with options to join via live webcast [2]. - A replay of the conference call will be available for 12 months in audio format on the company's website [2]. - The press release and presentation will be accessible on the company's website at 5:45 PM (CET) on July 31, followed by an English-language conference call at 6:00 PM (CET) [6].
Viridien: Combined General Meeting and Board of Directors Meeting of April 30, 2025
Globenewswire· 2025-04-30 16:14
Core Points - The Combined General Meeting of Viridien was held on April 30, 2025, in Paris, where all resolutions were approved [2] - The Board of Directors now consists of 8 directors, with 87.5% being independent and 50% women [3] - Patrick Choupin's term as Director representing employees ended, and no new appointment will be made due to headcount thresholds [2] - DELOITTE & ASSOCIES and BDO PARIS were appointed as statutory auditors, replacing ERNST & YOUNG et Autres and MAZARS respectively [4] - The terms of Philippe Salle, Anne-France Laclide-Drouin, and Michael Daly were renewed for four years, and Amélie Oyarzabal was co-opted as a new director [4] - Sophie Zurquiyah was appointed as Chairperson and Chief Executive Officer, while Philippe Salle continues as Vice-Chairman and Lead Independent Director [4][6] - The Board expressed gratitude to Philippe Salle for his leadership and vision, emphasizing continuity and stability in governance [6] - Viridien is an advanced technology and digital company focused on sustainable solutions, employing around 3,400 people globally and listed on Euronext Paris [7]
2025 first-quarter results
Globenewswire· 2025-04-29 15:45
Core Insights - The company achieved significant milestones in Q1 2025, including the termination of a vessel capacity agreement and successful bond refinancing, enhancing operational flexibility and cash generation [3][4][5] - Financial results for Q1 2025 showed a revenue increase of 10% to $301 million and a 35% rise in adjusted EBITDA to $143 million, indicating robust business performance [2][5][9] - The company anticipates generating approximately $100 million in net cash flow for the year, assuming moderate fluctuations in the oil market [4][10] Financial Performance - Q1 2025 revenue reached $301 million, a 10% increase from the previous year, driven by growth in Geoscience and Earth Data segments [2][9] - Adjusted EBITDA for Q1 2025 was $143 million, reflecting a 35% increase, supported by revenue growth and cost reductions [2][5][9] - Net cash flow for Q1 2025 was $(20) million, compared to $30 million in the same period last year, impacted by a $42 million interest payment [2][5][12] Segment Performance - Digital, Data, and Energy Transition (DDE) segment revenue increased by 16% to $214 million, with Geoscience growing by 25% and Earth Data by 7% [5][9] - Sensing and Monitoring (SMO) segment revenue was nearly stable at $87 million, with adjusted EBITDA rising by 37% due to cost reductions [5][9] - The company reported a backlog in Geoscience of $329 million, a 45% increase year-over-year, indicating strong future demand [11] Debt and Liquidity - The company successfully refinanced $447 million and €578 million notes, replacing them with $450 million and €475 million senior secured notes due in October 2030 [5][10] - Net debt stood at $974 million, with liquidity at $257 million, reflecting a focus on cash flow generation and deleveraging [5][11] Future Outlook - The company expects continued growth in Geoscience supported by advanced technology and a strong backlog, alongside improved cash EBITDA in Earth Data following the end of vessel commitment penalty fees [10] - The restructuring plan in Sensing & Monitoring is anticipated to yield further savings, contributing positively to overall profitability [10]
Viridien Announces its First Quarter 2025 Financial Results on Tuesday, April 29, 2025, after Market Close
Globenewswire· 2025-03-27 16:45
Core Viewpoint - Viridien is set to announce its first quarter 2025 financial results on April 29, 2025, after market close, indicating a focus on transparency and communication with investors [1]. Company Overview - Viridien is an advanced technology, digital, and Earth data company dedicated to addressing complex challenges in natural resources, digital solutions, energy transition, and infrastructure [3]. - The company employs approximately 3,400 people globally and is listed on Euronext Paris SA under the ticker VIRI [3]. Financial Communication - A conference call for analysts is scheduled for April 29, 2025, at 6:00 PM CET, following the release of the financial results [5]. - The press release and presentation will be available on the company's website at 5:45 PM CET on the same day [5]. - A replay of the conference call will be accessible for 12 months in audio format on the company's website [2].