| SPECTRUM GROUP | |||||||
| Quarter | Quarter | 9 months | 9 months | 12 Months | |||
| ended | ended | ended | ended | ended | |||
| 30.09.13 | 30.09.12 | 30.09.13 | 30.09.12 | 31.12.12 | |||
| (USD 1000) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
| Gross operating revenue | 18 508 | 24 515 | 114 961 | 86 038 | 141 136 | ||
| Net operating revenue | 15 079 | 20 400 | 104 503 | 66 122 | 116 972 | ||
| EBIT | (826) | 5 728 | 33 327 | 19 068 | 39 355 | ||
| Net Profit / (Loss) | 1 663 | 2 916 | 16 252 | 11 005 | 23 115 | ||
| Cash flow from operating activities | (4 657) | 15 566 | 64 671 | 64 978 | 92 531 | ||
| Investment in Multi-Client library | 16 235 | 23 242 | 71 713 | 64 102 | 76 162 | ||
| Multi-Client library Net book value | 115 723 | 92 668 | 115 723 | 92 668 | 87 087 | ||
| Cash and cash equivalents | 3 002 | 3 819 | 3 002 | 3 819 | 16 988 | ||
Q3 Highlights
n Gross Multi-Client sales in the quarter totalled MUSD 17.9 (2012:MUSD 23.8)
n Revenue share on Multi-Client sales was 19.2% compared to 17.3% in Q3 2012, giving Multi-Client net revenue of MUSD 14.4 (2012:MUSD 19.6)
n Multi-Client revenue were comprised of late sales of MUSD 11.7 (2012: MUSD 11.7) and prefunding on Multi-Client investments of MUSD 6.2 (2012: MUSD 12.0)
n EBIT for the quarter was MUSD (0.8) (2012: MUSD 5.7)
n Multi-Client investments were MUSD 16.2 with 38% prefunding (2012:MUSD 23.2 with 52% prefunding)
n Operational cash flow in Q3 of MUSD (4.4) (2012: MUSD 15.6)
9 months Highlights
n Gross Multi-Client sales totalled MUSD 113.3 (2012:MUSD 83.3)
n Revenue share on Multi-Client sales was 9.3% compared to 23.9% in 2012, giving Multi-Client net revenue of MUSD 102.8 (2012:MUSD 63.4)
n Multi-Client investments were MUSD 71.7 with 43% prefunding (2012:MUSD 64.1 with 53% prefunding)
n EBIT was MUSD 33.3 (2012: MUSD 19.1)
n Operational cash flow of MUSD 63.8 (2012:MUSD 65.0)
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
