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Viridien: 2025 Interim Financial Report available
Globenewswire· 2025-07-31 17:17
Viridien Société Anonyme with a share capital of €7,180,449Registered office: 27 avenue Carnot, 91300 MassyNo.: 969 202 241 – RCS Evry 2025 Interim Financial Report available Paris, France – July 31, 2025 Viridien announced that its interim financial report as at June 30, 2025 was filed today with the Autorité des Marchés Financiers (AMF). This document is available on the Company’s website: https://www.viridiengroup.com/ under the Investors section (both in “Regulated information” and “Results and Publicat ...
Announcement of Q2 2025 Financial Results on Thursday, July 31, after market close
Globenewswire· 2025-07-17 05:30
Paris, France – July 17, 2025 Q2 2025 financial results and conference call Viridien will announce its second quarter 2025 results on Thursday, July 31, after market close. The press release and presentation will be made available on www.viridiengroup.com at 5.45 pm (CET)An English-language conference call is scheduled at 6.00 pm (CET) on the same day Participants must register for the conference call by clicking here to receive a dial-in number and PIN code. Participants may also join the live webcast by c ...
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].