Brief: Fugro Eyes Mid-Term EBIT Margin Of 8-12%

Fugro NV

27/07/2023 06:51

July 27 (Reuters) - Fugro NV  FUGR.AS :
    * IMPROVED OUTLOOK FULL-YEAR 2023: ONGOING STRONG REVENUE
GROWTH,
EBIT MARGIN AND RETURN ON CAPITAL EMPLOYED WITHIN MID-TERM
TARGET RANGE, AND POSITIVE FREE CASH FLOW
    * BENEFITTING FROM HIGH CLIENT DEMAND FOR CLIMATE CHANGE
ADAPTATION AND ENERGY TRANSITION SOLUTIONS GLOBALLY, SAYS CEO 
    * TO UPDATE THE MARKET ON STRATEGY AND FUTURE TARGETS AT
COMPANY'S
CAPITAL MARKETS DAY ON 14 NOVEMBER 2023, SAYS CEO
    * EXPECTS ONGOING GROWTH ESPECIALLY IN THE ENERGY MARKETS,
IN
PARTICULAR RENEWABLES, RESULTING IN STRONG  REVENUE GROWTH FOR
THE FULL YEAR
    * EBIT MARGIN AND RETURN ON CAPITAL EMPLOYED ARE ANTICIPATED
TO BE
WITHIN THE MID-TERM TARGET RANGE OF 8-12% AND 10-15%
RESPECTIVELY
    * FREE CASH FLOW IS ANTICIPATED TO BE POSITIVE
    * CAPEX IS ESTIMATED AT EUR 200-225 MILLION

Further company coverage:  FUGR.AS 
    


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