Brief: Fugro Q3 2023 Trading Update

Fugro NV

26/10/2023 06:43

Oct 26 (Reuters) - Fugro  FUGR.AS :
    * Q3 32.6% REVENUE GROWTH DRIVEN BY SUCCESSFULLY CAPTURING
HIGH
CLIENT DEMAND, MAINLY IN THE ENERGY MARKETS
    * Q3 86% INCREASE IN EBIT RESULTING IN 16.0% MARGIN; ALL
REGIONS
REPORT HIGHER RESULTS
    * Q3 OPERATING CASH FLOW UP BY 95% TO EUR 134.7 MILLION
    * OUTLOOK FULL-YEAR 2023: ONGOING STRONG REVENUE GROWTH,
EBIT
MARGIN AND RETURN ON CAPITAL EMPLOYED WITHIN MID-TERM TARGET
RANGE, AND POSITIVE FREE CASH FLOW
    * INTENTION TO RESUME DIVIDENDS WITH PAY-OUT OF EUR 0.40 PER
SHARE
AS OF FY 2023, SUBJECT TO SHAREHOLDER APPROVAL
    * Q3 REVENUE EUR 608.9 MILLION, Q3 EBITDA EUR 135.9 MILLION,
Q3
EBIT EUR 97.5 MILLION

        
 Source text: https://shorter.me/s3eWs
 Further company coverage:  FUGR.AS  

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