Standard & Poor's has upgraded Viridien's long-term credit rating from 'B-' to 'B' with a stable outlook, acknowledging the improvement in the group's operational stability. This decision follows recent confirmations by Moody's and Fitch regarding the credit profile of the global leader in cutting-edge technologies and Earth data.
S&P justifies its upgrade by citing 'demonstrated improvement in performance stability over the past few years in a volatile market environment', supported by the termination of the costly contract with Shearwater in 2025, rigorous cost management, and a shift towards higher-value projects. The rating agency also upgraded the group's senior secured bond rating from 'B' to 'B+'. Concurrently, Moody's confirmed its corporate rating at 'B2' with a stable outlook, highlighting the increased resilience of the business model. Previously, Fitch Ratings had confirmed its rating at 'B' with a stable outlook last December, emphasizing the improvement in the financial and operational profile.
CFO's Statement on the Upgrade
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Jérôme Serve, Chief Financial Officer of Viridien, states: 'We are pleased with the upgrade of our rating by S&P, which reflects the successful execution of our financial strategy over the past two years and our continuous efforts in debt reduction. We remain focused on strengthening our financial profile, maintaining solid performance, and rigorous capital allocation to create value for our shareholders.'
SectorLogiciels d'entreprise · Services industriels›équipements et services pétroliers
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.
