Brief: Fugro H1 Net Result Increases To EUR 112.5 Mln

Fugro NV

01/08/2024 06:12

Aug 1 (Reuters) - FUGRO NV  FUGR.AS :
    * H1 STRONG 7.1% REVENUE GROWTH DRIVEN BY CLIENT DEMAND IN
OFFSHORE WIND, PARTIALLY OFFSET BY LOWER OIL & GAS
    * FOR FIRST TIME, RENEWABLES SURPASSES OIL & GAS REVENUE
(40% AND
35% OF REVENUE, RESPECTIVELY)
    * H1 NET RESULT INCREASES TO EUR 112.5 MILLION
    * 12-MONTH BACKLOG GROWTH OF 16.6% SUPPORTED BY ALL REGIONS
    * OUTLOOK FULL-YEAR 2024 UPDATED: CONTINUED REVENUE GROWTH,
EBIT
MARGIN AROUND 13%.
    * H1 SIGNIFICANT STEP-UP IN RESULTS WITH 20.5% EBITDA AND
13.2%
EBIT MARGIN, FUELLED BY STRONG MARINE PERFORMANCE, SPECIFICALLY
IN EUROPE-AFRICA

Further company coverage:  FUGR.AS 

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