Spectrum ASA : 2nd Quarter Results 2012


 

Summary Q2


   SPECTRUM GROUP
 Quarter   Quarter   6 Months  6 Months  12 Months
 ended  ended  ended  ended  ended
 30.06.12  30.06.11  30.06.12  30.06.11  31.12.11
 (USD 1000)  (Unaudited)  (Unaudited)  (Unaudited)  (Unaudited)  (Audited)
Total operating revenue 24,588 9,221 61,523 13,860 81,245
EBIT           8,107          1,127        13,340               144         14,702
Net profit (loss) from continuing operations 9,043 257 8,089 (1,012) 14,248
Cash flow from operating activities             22,492               3,198             49,413               5,553             16,337
Investment in Multi Client Libraries 23,917 5,518 40,860 7,271 54,164
Cash and cash equivalents at end of period          13,654 6,161 13,654 6,161 5,953

Q2 Highlights


                   

                n Multi Client sales in the quarter totalled MUSD 23.8 (2011:MUSD 8.3)

                n Revenue share on Multi Client sales was only 15% of operating revenue compared to 34% in Q1 2012, giving net revenue of MUSD 20.9.

                n Organic investment (Multi Client Capex) was MUSD 23.9 (2011:MUSD 5.9)   

                n Operational cash flow in Q2 of MUSD 22.5 (2011:MUSD 3.2)

                n EBIT in the quarter of USD 8.1 (2011:1.1)

6 months Highlights

 

                n Multi Client sales totalled MUSD 59.6 (2011:MUSD 11.6)

                n Organic Multi Client Capex of MUSD 40.9 with 54% prefunding (2011: MUSD 7.3)

                n Operational cash flow of MUSD 49.4 (2011:MUSD 5.6)

                n EBIT was MUSD 13.3 (2011:MUSD 0.1)

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Anhänge

Q2 Results 2012 Q2 2012 presentation
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