Day: July 21, 2022

PGS ASA: Second Quarter and First Half 2022 Results

PGS ASA: Second Quarter and First Half 2022 Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Improving Financial Position in a Recovering Market Takeaways Q2 2022 Revenues and Other Income of $273.6 million, compared to $185.9 million in Q2 2021 EBITDA of $193.3 million, compared to $118.5 million in Q2 2021 EBIT (ex. impairments and other charges) of $57.8 million, compared to a loss of $7.6 million in Q2 2021 Cash flow from operations of $43.7 million, compared to $81.4 million in Q2 2021 Cash and cash equivalents of $219.8 million, compared to $155.4 million in Q2 2021 Successful private placement secured approximately $85 million in new equity Obtained commitments for $50 million of new, senior secured debt Leveraged multiyear Equinor frame agreement with several projects for the 2022 summer season Secured large MultiClient campaign in the North Sea and expanding MultiClient coverage offshore Canada Awarded large 4D contract...

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Nokia Corporation Financial Report for Q2 and Half Year 2022

Nokia Corporation Financial Report for Q2 and Half Year 2022

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Nokia Corporation Half year report21 July 2022 at 08:00 EEST Nokia Corporation Financial Report for Q2 and Half Year 2022 Good profitability supports full year outlook Q2 net sales increased 3% y-o-y in constant currency (+11% reported). Network Infrastructure net sales grew 12% in constant currency, with growth across all four businesses while Mobile Networks returned to growth despite ongoing supply chain constraints. Cloud and Network Services net sales were flat in constant currency while Nokia Technologies declined 25% as it continued to be impacted by expired licenses that are in the process of being renewed. Comparable gross margin of 40.6% and operating margin of 12.2%. Underlying profitability improved but was offset by Nokia Technologies and a one-off software deal in Mobile Networks in the prior year meaning margins declined...

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