cgg provIn a challenging geoscience market environment, the strong commitment from our teams, the operating performance in all activities and the strategic positioning of our multi-client library have allowed us to reach a revenue of $320 million and an EBITDAs of $90 million this quarter. The year-to- date revenue were $919 million, up 6% from last year, despite still very low equipment sales. On this basis, we reiterate our 2017 outlook, with an EBITDAs level expected to be in line with 2016 and with lower cash flow generation.
In parallel, we achieved progress in our financial restructuring process initiated early in the year, in obtaining approval from lenders’ committee and bondholder general meeting in France on the safeguard plan on July 28 th , and approval from the American Court on the Chapter 11 plan on October 16th. Read More