First quarter report 2013

First quarter presentation 2013

See webcast first quarter 2013 (recorded version)

Highlights in the first quarter 2013:

  • Total revenues at USD 31.7 million
  • EBITDA of USD 1.3 million
  • Net loss of USD 2.5 million
  • EMGS awarded contract worth USD 35 million in Brunei
  • Cooperation agreement with Spectrum for the Foz do Amazonas basin in Brazil

Subsequent important events:

  • EMGS awarded multi-client contract worth USD 6.4 million
  • 2013 Barents Sea multi-client campaign launched

"Although the first quarter results represent a slow start to the year, we expect to see significant improvements in Q2 and the second half of 2013. This is based on increased contract coverage and sales potential from our large and well-positioned multi-client library," says Roar Bekker, EMGS chief executive officer.

Contact
Roar Bekker, EMGS chief executive officer, +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
Chris Guldberg, EMGS Head of PR/IR, +47 73 56 88 10 / +47 92 81 07 07