Fugro jumps on Q4 EBIT beat

Fugro NV

28/02/2025 08:24

** Shares in Fugro FUGR.AS jump around 8% after the Dutch geological data specialist posted Q4 core profit beat

** Q4 adjusted EBIT came in at 71.8 million euros, ahead of a company-compiled consensus of 54 million euros

**"Return to growth in 4Q24, with better than expected profitability," says Jefferies

** It points to healthy revenue growth of 7% in Europe, and 23% in Asia Pacific, partly offset by lower revenues of 12% in Americas, and 20% in the Middle East

** Fugro also said it will propose a dividend of 0.75 euro per share, up 87.5% year-on-year

** Its shares are on track for their best day since end-September 2024, if gains hold

($1 = 0.9617 euros)

 (Reporting by Anna Peverieri and Alban Kacher)

 ((Anna.peverieri@thomsonreuters.com))