Viridien Société anonyme/€VIRI

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About Viridien Société anonyme

Viridien Société anonyme, formerly known as CGG, is a French multinational company specializing in geoscience technology and Earth data solutions. Founded in 1931 and headquartered in Massy, France, the company operates through two main segments: Data, Digital & Energy Transition (DDE) and Sensing & Monitoring (SMO). The DDE segment focuses on developing and licensing Earth data seismic surveys, processing geophysical data, and providing geoscience consulting services. The SMO segment designs and manufactures seismic equipment for land and marine data acquisition under brands such as Sercel, Metrolog, GRC, DeRegt, and Geocomp. Viridien serves a global market, including North America, Latin America, Europe, Africa, the Middle East, and the Asia Pacific. The company's strategic positioning emphasizes advanced technology and Earth data solutions, supporting industries like natural resources, environmental monitoring, infrastructure, and energy transition.
Ticker
€VIRI
Sector
Energy
Primary listing
PAR
Employees
3,000
Headquarters
Massy, France
Website
www.viridiengroup.com

VIRI Metrics

BasicAdvanced
€679M
13.77
€6.85
0.13
-

Bulls say / Bears say

Viridien generated $32m of net cash flow in the first half and cut net debt to $692m from $856m a year earlier. Continued cash generation could improve its financial resilience and reduce interest costs over time. (Viridien)
The Geoscience backlog rose 19% from the end of 2025 to $306m, with new awards from international and national oil companies. This gives Viridien better forward revenue visibility and supports a potential recovery into 2027. (Viridien, MarketScreener)
Viridien is extending its technology into environmental and offshore monitoring, highlighted by a new five-year contract with Ithaca Energy for its Marlin and SeaScope services. Longer-term monitoring contracts could make the business less dependent on short-cycle seismic spending. (Viridien)
Underlying operating performance remains weak: first-half segment revenue fell 22% and adjusted segment EBITDA fell 33% year on year. The recovery case therefore relies on a substantial improvement after a poor start to 2026. (Viridien)
The balance sheet is improving but remains highly leveraged, with substantial bond coupons of 10% on the US-dollar tranche and 8.5% on the euro tranche. High financing costs could absorb much of the cash generated and limit investment or shareholder returns. (GlobeNewswire)
Viridien has generated only $32m of its $100m full-year net cash-flow target by mid-year, while the target assumes a normalisation of working capital and collection of outstanding PEMEX receivables. Any delay in those cash inflows would make the guidance harder to achieve. (Viridien, Viridien)
Data summarised monthly by Lightyear AI. Last updated on 23 Sept 2026.

Funds containing VIRI

AllEURGBPUSD
Funds
Fund name
Fund size
€VIRI weighting
Xtrackers MSCI Europe Small Cap€DX2J
€3.2B0.05%
Xtrackers MSCI Europe Small Cap£XXSC
£2.8B0.05%
iShares MSCI World Small Cap$WSML
$9B0.01%
iShares MSCI World Small Cap€IUSN
€7.8B0.01%
iShares MSCI World Small Cap£WLDS
£6.7B0.01%
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Market data provided by CBOE Europe and Deutsche Börse.