Summary Q1
| SPECTRUM GROUP | |||||
| Quarter | Quarter | 12 Months | |||
| ended | ended | ended | |||
| 31.03.13 | 31.03.12 | 31.12.12 | |||
| (USD 1000) | (Unaudited) | (Unaudited) | (Unaudited) | ||
| Total operating revenue | 65 316 | 36 935 | 141 136 | ||
| EBIT | 28 301 | 5 234 | 39 355 | ||
| Net Profit / (Loss) from continuing operations | 6 833 | (954) | 23 115 | ||
| Cash flow from operating activities | 16 272 | 26 921 | 92 531 | ||
| Investment in Multi Client Libraries | 19 578 | 16 943 | 76 162 | ||
| Multi-client library | 86 289 | 62 020 | 87 087 | ||
| Cash and cash equivalents | 12 127 | 16 685 | 16 988 | ||
Q1 Highlights
n Multi-Client sales in the quarter totalled MUSD 64.9 (2012:MUSD 35.7)
n Revenue share on Multi-Client sales was 8.1% compared to 34.0% in Q1 2012, giving Multi-Client net revenue of MUSD 59.7 (2012:MUSD 23.6)
n Multi-Client revenue comprised of late sales of MUSD 33.3 (2012: MUSD 24.6) and early sales of MUSD 31.7 (2012: MUSD 11.1)
n EBIT in the quarter of MUSD 28.3 (2012: MUSD 5.2)
n Multi-Client investments were MUSD 19.6 with 161% prefunding (2012:MUSD 16.9 with 65% prefunding)
n Operational cash flow in Q1 of MUSD 16.3 (2012:MUSD 26.9)
n Spectrum acquired the Norwegian companies Carmot Seismic AS and Carmot Processing AS. This acquisition established a significant footprint for Spectrum on the Norwegian Continental Shelf and in the Barents Sea, adding 3D seismic data cubes covering approximately 125.000 square kilometres on the Norwegian continental shelf and a further 80.000 kilometres of matched 2D data in the Barents Sea.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.