Brief: Fugro Q1 Revenue Rises To EUR 465.8 Mln

Fugro NV

26/04/2023 06:35

April 26 (Reuters) - Fugro NV  FUGR.AS :
    * Q1 2023 TRADING UPDATE
    * Q1 OPERATING CASH FLOW INCREASED BY EUR 29.3 MILLION TO
EUR 42.2
MILLION
    * 12-MONTH BACKLOG UP BY 22.4% DUE TO SOLID CLIENT DEMAND IN
PARTICULAR IN THE ENERGY MARKETS
    * OUTLOOK FULL-YEAR 2023: ONGOING STRONG REVENUE GROWTH,
MARGIN
EXPANSION TOWARDS MID-TERM TARGET OF 8-12% EBIT AND A POSITIVE
FREE CASH FLOW
    * Q1 EBITDA EUR 58.7 MILLION VERSUS EUR 26.9 MILLION YEAR
AGO
    * Q1 REVENUE EUR 465.8 MILLION VERSUS EUR 365.4 MILLION YEAR
AGO
    * OUTLOOK 2023: CAPEX IS ESTIMATED AT EUR 200-225 MILLION

Source text for Eikon:  ID:nNDL3m5Hbv 
Further company coverage:  FUGR.AS 

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