Viridien Shares Drop 17.43% in a Week Despite a $26M Cash Flow
Viridien's stock is down 1.59% to €117.50 at midday this Thursday, continuing the sharp decline recorded on Wednesday after the quarterly earnings release. Over the week, the decline reaches 17.43%. The SBF 120 is down 0.22% at the same time.
At €117.50, the geoscientific technology specialist for the oil industry has fallen to levels not seen since early March. However, the annual performance remains at 129.3%, a legacy of the rally that had pushed the stock up to €154.40 on April 23. The previous day's movement was triggered by the announcement of the first quarter revenue and by the simultaneous drop in Brent crude, which lost 10.4% in five sessions to return to $99.41. The company had announced a net cash flow of $26M for the quarter, compared to a negative flow of $20M a year earlier, and a debt reduction bringing the net debt to about $700M after a bond repayment of $41M. As a reminder, S&P had also raised the credit rating of the group in early April, as covered by a previous brief.
Technical Setup Weakened Below the 50-Day Average
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The decline brings the price below its 50-day moving average set at €130.60, and immediately in contact with the lower boundary of the Bollinger Bands set at €114.38. The RSI at 38 indicates the seller's exhaustion for the week without yet tipping into the oversold zone. The 200-day moving average, at €97.11, remains 17% below the current price and preserves the underlying trend. The stock ranks 99th in the SBF 120 for the session, in an index where Soitec leads the gains (+5.75%) and Solvay leads the losses (-7.14%). The next appointment is set on the financial calendar: the general meeting on June 3, 2026.
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Context
Period
Period: 1T2026
Key reported figures
Revenue: 200M$
EBITDA: 63M$
Net income: -10M$
Free cash flow: 26M$
700M$
Guidance from the release
Comme anticipé, le début d’année a été lent, dans un contexte de prudence accrue.
Contexte du marché ralenti affectant plusieurs activités.
Risks mentioned
Environnement de marché incertain avec des impacts sur les activités Sensing & Monitoring.
Retards possibles dans les attributions de projets à court terme.
Opportunities identified
Le modèle asset-light a permis une gestion financière disciplinée.
Flexibilité accrue dans le processus économique.
Croissance mid-single digit des nouvelles activités.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
