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Business Summary: Expro Group Holdings N.V. is a provider of energy services. The Company provides services and solutions to exploration and production companies in both onshore and offshore environments in approximately 60 countries. The Company's portfolio of products and services is designed to enhance production and improve recovery across the well lifecycle from exploration through abandonment, including well construction and well management. The Company's well construction products and services support customers’ new wellbore drilling, wellbore completion and recompletion, and wellbore plug and abandonment requirements. Its open water cementing solutions include the proprietary SeaCure and QuikCure solutions. It also offers a range of performance drilling tools. The Company's well management offerings consist of well flow management, subsea well access and well intervention and integrity services, well flow management, subsea well access, and well intervention and integrity.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Expro Group Holdings NV revenues increased 18% to $1.51B. Net loss increased 16% to $23.4M. Revenues reflect Europe and Sub-Saharan Africa segment increase of 34% to $521M, Asia-Pacific segment increase of 31% to $246.5M. Higher net loss reflects Depreciation and amortization expense increase of 23% to $172.3M (expense), Other Non Rec I/E - Non Business Activ increase of 84% to $14.4M (expense).