Brief: Fugro NV Reports 27.5% Revenue Growth In 2023

Fugro NV

29/02/2024 06:22

Feb 29 (Reuters) - Fugro NV  FUGR.AS :
    * STRONG 2023 FOR FUGRO: HIGH GROWTH, IMPROVED MARGINS AND
BOOSTED
CASH FLOW
    * 27.5% REVENUE GROWTH IN 2023 TO EUR 2.2 BLN DRIVEN BY HIGH
CLIENT DEMAND IN ENERGY MARKETS
    * FY EBITDA OF EUR 397.3 MLN (18.2% MARGIN) AND EBIT OF EUR
252.1
MLN (11.5% MARGIN)
    * FY NET RESULT INCREASES TO EUR 254.8 MLN COMPARED TO EUR
74.1
MLN IN 2022
    * PROPOSED DIVIDEND OF EUR 0.40 PER SHARE
    * OUTLOOK 2024: CONTINUED REVENUE GROWTH AND EBIT MARGIN
WITHIN
MID-TERM TARGET RANGE OF 11-15%
    * ROBUST 12-MONTH BACKLOG OF EUR 1.48 BLN; 6.3% INCREASE
AFTER
STEEP GROWTH DURING PREVIOUS QUARTERS
    * BOOSTED CASH FLOW OF EUR 213.3 MLN COMPARED TO EUR 23.9
MLN LAST
YEAR
    * OUTLOOK 2024: CAPEX OF AROUND EUR 250 MLN

Source text for Eikon:  ID:nGLF3VwTW7 
Further company coverage:  FUGR.AS 

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