Civeo Corporation Highlights Growth Strategy and Operational Outlook in Investor Presentation
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Civeo Corporation has presented its growth strategy and operational outlook, highlighting its hospitality services in Australia and Canada. The company operates 52 villages and lodges, with 72% of revenue from Australia. Civeo aims to increase room utilization in Canada and targets A$500 million in revenue by 2027. Recent investments include a $67 million acquisition and $52 million returned to shareholders, contributing to increased net debt. The company is well-positioned to support major projects in key commodities.
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