CGG 2006 Operating Revenues
February 14 2007 - 8:28AM
PR Newswire (US)
CGG 2006 Operating Revenues: USD 1,670 Million, Up 54% PARIS,
February 14 /PRNewswire-FirstCall/ -- CGGVeritas (ISIN: 0000120164
- NYSE: CGV) today announces unaudited consolidated revenues for
CGG in 2006 (prior to the Veritas merger) of EUR1,330 million
($1,670 million), an increase of 53% in euro terms and 54% in
dollar terms compared to revenues of EUR870 million ($1,081
million) for 2005. Commenting on these results, Chief Executive
Officer Robert Brunck stated "In 2006, the revenues of the CGG
group, prior to the merger with Veritas, increased as we expected
by more than 50%, in a favorable market and thanks in particular to
the successful integration of Exploration Resources and the success
encountered by Sercel's new products. We thus confirm that we will
meet our operating results objectives for 2006." The audited
financial results of CGG for 2006 will be published by CGGVeritas
on March 8, 2007. The information included herein contains certain
forward-looking statements within the meaning of Section 27A of the
securities act of 1933 and section 21E of the Securities Exchange
Act of 1934. These forward-looking statements reflect numerous
assumptions and involve a number of risks and uncertainties as
disclosed by CGGVeritas from time to time in its filings with the
Securities and Exchange Commission. Actual results may vary
materially. Contact : Christophe BARNINI +33-1-64-47-38-10 Email :
DATASOURCE: CGG Veritas CONTACT: Contact : Christophe BARNINI
+33-1-64-47-38-10, Email :
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