TGS ASA

TGS

Equity

ISIN NO0003078800 / Valor 680619

Oslo Stock Exchange (2024-09-17)

NOK 107.40+1.13%

TGS ASA
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About company

TGS ASA is a company that specializes in providing wind data and intelligence services to clients in the energy sector. They offer a range of solutions to assist in site assessment, reduce costs, and minimize energy production uncertainty throughout the wind development lifecycle. Their services include market intelligence, wind and metocean data, wind analytics platform, subsurface imaging, and data management solutions. TGS ASA aims to be a reliable energy data partner for companies looking to optimize their wind energy projects.

Summarized from source with an LLMView SourceSector: Technology

Revenue

TGS ASA reported IFRS revenues of USD 224 million for Q2 2024, an increase from USD 206 million in Q2 2023. This growth reflects the company's strong operational performance and increased demand for its services.

Profitability

The company's POC EBITDA for Q2 2024 was USD 121 million, compared to USD 132 million in the same quarter of the previous year. Despite the slight decrease, TGS ASA maintained solid profitability due to high early sales rates and strong order inflow.

Order Inflow

TGS ASA experienced a significant increase in contract inflow during Q2 2024, reaching USD 368 million compared to USD 198 million in Q2 2023. This substantial growth highlights the continued demand for the company's OBN data acquisition services.

Dividends

TGS ASA announced a dividend of USD 0.14 (NOK 1.51) per share to be paid in Q3 2024. This decision reflects the company's commitment to returning value to its shareholders while maintaining a strong financial position.

Earnings Per Share

The IFRS earnings per share (EPS) for TGS ASA in Q2 2024 was USD 0.27, up from USD 0.18 in Q2 2023. This increase in EPS indicates improved profitability and effective cost management during the quarter.

Summarized from source with an LLMView Source

Key figures

-27.2%1Y

30.6%3Y

-55.5%5Y

Performance

43.4%1Y

44.4%3Y

48.4%5Y

Volatility