Brief: Fugro NV FY EBITDA INCREASED TO EUR 175.6 MILLION

Fugro NV

18/02/2022 06:09

Feb 18 (Reuters) - Fugro NV  FUGR.AS :
    * FUGRO NV - SOLID 2021 RESULTS UNDERPIN FUGRO'S PATH TO
PROFITABLE GROWTH. STRONG Q4 WITH GROWTH IN ALL REGIONS
    * FUGRO NV - FULL YEAR REVENUE UP 5.8% WITH CONTINUED
DIVERSIFICATION TOWARDS WIND, INFRA AND WATER AT 61% OF REVENUE
    * FUGRO NV - FY EBITDA INCREASED TO EUR 175.6 MILLION DRIVEN
BY
EUROPE-AFRICA AND AMERICAS, AND AN EBIT MARGIN OF 4.3%
    * FUGRO NV - Q4 REVENUE GROWTH OF 24.8% AND Q4 EBIT MARGIN
OF 4.3%
    * FUGRO NV - END-FY FREE CASH FLOW OF EUR 39.5 MILLION DUE
TO
OPERATIONAL PERFORMANCE AND GOOD WORKING CAPITAL MANAGEMENT
    * FUGRO NV - POSITIVE NET RESULT OF EUR 71.1 MILLION IN 2021
    * FUGRO NV - IN 2021, 12-MONTH BACKLOG INCREASED BY 11.6% TO
EUR
1,014.1 MILLION, BACK TO PRE-PANDEMIC LEVEL
    * FUGRO NV - OUTLOOK 2022: CONTINUED REVENUE GROWTH AND
FURTHER
MARGIN EXPANSION TOWARDS 2023-2024 TARGET
    * FUGRO NV - FY REVENUE EUR 1.46 BILLION VERSUS EUR 1.39
BILLION
YEAR AGO
    * FUGRO NV - FY EBITDA EUR 175.6 MILLION VERSUS EUR 162.0
MILLION
YEAR AGO
    * FUGRO NV - FOR 2022, FUGRO EXPECTS AN INCREASE IN REVENUE
IN
OFFSHORE WIND, INFRASTRUCTURE AND WATER MARKETS, PLUS MODEST
GROWTH IN THE OIL & GAS MARKET, RESULTING IN OVERALL CONTINUED
REVENUE GROWTH
    * FUGRO NV -  COMPANY IS FOCUSED ON FURTHER MARGIN EXPANSION
TOWARDS ITS 2023-2024 MID-TERM TARGETS OF AN EBIT MARGIN OF
8-12% AND A FREE CASH FLOW OF 4-7%
    * FUGRO NV -  FOR 2022, TO SUPPORT ANTICIPATED GROWTH AND
COMPANY’S TRANSFORMATION AGENDA, CAPEX IS ESTIMATED AT AROUND
EUR 100 MILLION

Source text: [https://bit.ly/3uVp1lZ]
Further company coverage:  FUGR.AS 

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