From GlobeNewswire: 2025-02-27 11:45:00

In 2024, Viridien achieved revenue of $1,211 million, EBITDA of $516 million, and net income of $51 million. Q4 saw revenue of $427 million. The company’s adjusted EBITDA was $455 million, with net cash flow reaching $56 million, exceeding their target. New Businesses saw 33% revenue growth in 2024.

Viridien’s Digital, Data, and Energy Transition segment had revenue of $787 million, with adjusted EBITDA of $458 million, up 25%. Geoscience revenue was $404 million, with strong performance driven by technology differentiation. Earth Data revenue was $383 million, up 14%.

Sensing and Monitoring segment revenue was $330 million, down 27% due to the completion of “mega crew” projects in 2023. Adjusted EBITDA was $35 million, down 37%, but Q4 showed progress with restructuring efforts. New Businesses in SMO saw strong momentum in geothermal market deliveries.

Viridien’s financial outlook for 2025 is positive, with expectations of growth in Geoscience, stronger Cash EBITDA in Earth Data, further savings in Sensing & Monitoring, and positive contributions from New Businesses. The company aims for a net cash flow of approximately $100 million and continues to focus on deleveraging.

The Board of Directors approved the consolidated financial statements ending December 31, 2024. Viridien, an advanced technology, digital, and Earth data company, employs around 3,400 people worldwide. The company is listed as VIRI on the Euronext Paris SA. For more information, visit www.viridiengroup.com. VP Corporate Finance, Jean-Baptiste Roussille, can be reached at [email protected].



Read more at GlobeNewswire:: Viridien Announces its Q4 & Full Year 2024 Results