Brief: Fugro FY EBITDA Up At EUR 230.4 Mln

Fugro NV

23/02/2023 06:23

Feb 23 (Reuters) - Fugro NV  FUGR.AS :
    * FUGRO FULL-YEAR RESULTS 2022
    * FY EBITDA AMOUNTED TO EUR 230.4 MN (2021: EUR 175.6 MN)
    * FY  NET RESULT EUR 74.1 MN
    * OUTLOOK 2023: ONGOING STRONG REVENUE GROWTH AND FURTHER
MARGIN
EXPANSION.
    * FY  OPERATING CASH FLOW UP BY 50% TO EUR 179.4 MN
    * OUTLOOK 2023: CAPEX IS ESTIMATED AT EUR 200-225 MILLION
    * THE 12-MONTH BACKLOG INCREASE OF 37.5%
    * PLANS TO UPDATE THE MARKET ON THE NEXT PHASE OF THE PATH
TO
PROFITABLE GROWTH STRATEGY IN H2
    * FY NET RESULT EUR 74.1 MILLION VERSUS EUR 71.1 MILLION
YEAR AGO
    * COMPANY WILL NOT PROPOSE A DIVIDEND OVER 2022 AND WILL
REINVEST
THE GENERATED CASH FLOW IN THE BUSINESS
    * IS PROGRESSING TOWARDS ITS 2023-2024 MIDTERM TARGETS FOR
EBIT
MARGIN, FREE CASH FLOW AND ROCE
    * FY REVENUE EUR 1.77 BILLION VERSUS EUR 1.46 BILLION YEAR
AGO
    * PETRI HOFSTÉ, CHAIR OF AUDIT COMMITTEE, WILL NOT STAND FOR
RE-APPOINTMENT AS PER THE UPCOMING AGM

Source text for Eikon:  ID: 
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