TGS ASA (FRA:TGC)
€ 10.29 -0.21 (-2%) Market Cap: 1.37 Bil Enterprise Value: 1.31 Bil PE Ratio: 70.15 PB Ratio: 1.20 GF Score: 88/100
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Q1 2022 TGS ASA Earnings Call Transcript

May 12, 2022 / 07:00AM GMT
Release Date Price: €14.35 (-2.78%)
Kristian Kuvaas Johansen
TGS ASA - CEO

Welcome to the presentation of TGS Q1 2022 Earnings Release. My name is Kristian Johansen, I'm the CEO of TGS. And with me today, I have our CFO, Sven Børre Larsen.

When we reported our Q4 numbers about 3 months ago, I saw some analysts who were saying that the body language was pretty positive. The management body language was positive. So in that regard, it's great to be here physically and see all of you and have you monitor our body language even closer. But I think it's really good to be standing here and also have very good results that support our positive body language and I will obviously come back to that after referring you to the forward-looking statements that you can read after the presentation.

And the highlights for the Q1 of 2022 is that we had very strong late sales. We had late sales of $70.5 million and that compares to about $21.9 million in Q1 of 2021. The total revenues, and keep in mind we're referring to IFRS numbers now but the total revenues were $132.2 million. That compares to $142.4 million in Q1 of 2021, and that's

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