Viridien is splitting the CEO/Chair role when Sophie Zurquiyah steps down in June 2026, which is evidence of good corporate governance. Keeping
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The Q3 result was strong; the company reaffirmed its $100m net cash flow expectations for the full year. Repayment or factoring of
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The Q2 2025 numbers did not contain any surprises. We still forecast FY revenue at $1.1bn and EBITDA of around $500m. The company generated
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The Q1 numbers were strong. DDE (data business) benefited from NOCS and E&P majors gearing up for a stronger drilling environment. The SMO (manufacturing) business saw a
Read MoreAs tariffs continue to influence market dynamics, we've taken a comprehensive look across our coverage to highlight the names most likely to be affected. For full transparency, we've also included those that remain unaffected—it's just as important to understand where the impact isn't being felt.
The idea here is
Read MoreRefinancing the USD/EUR notes due 2027 was raised as an option during the FY call. The new SSNs will push the maturities out to 2030. Interest costs will
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The Data business was strong, but with 2023 a tough comp, the Manufacturing business lagged. The company expects to refinance its April 2027 bonds in
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The DDE segment performed strongly, but SMO was disappointing (down 50%) due to a shift of deliveries into Q4. Full-year guidance was
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Results were positive for creditors. Revenue was 8% light vs our model on lower-than-expected orders in the Sensor and
Read MoreThe 1/100 stock split has no impact on cash, but for the equity moving the stock price from the €0.48 today is optically
Read MorePost the AGM, the name change to Viridien has now happened.
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