Fugro NV

FUR

Equity

ISIN NL00150003E1 / Valor 111758861

Euronext - Euronext Amsterdam (2024-12-23)

EUR 16.28+0.18%

Fugro NV
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Fugro NV is a leading global provider of geo-data solutions, specializing in the collection, analysis, and management of geographic and spatial data for a wide range of industries. Since its establishment in 1962, Fugro has been at the forefront of innovation in geo-data services, offering insights that help in the planning, construction, and maintenance of infrastructure and assets across both natural and built environments. With a workforce of over 11,000 employees from more than 100 different countries and operations in 57 countries, the company prides itself on delivering consistent quality of service, expertise, technology, and laboratory facilities worldwide. Fugro's strategic focus includes growing and transforming its current business, expanding into developing segments such as coastal resilience and carbon capture, and building recurring revenue through Geo-data as a service. The company's commitment to unlocking insights from geo-data aims to contribute to creating a safer and more livable world.

Summarized from source with an LLMView SourceSector: Energy

Revenue Growth

Fugro NV reported a 7.1% increase in revenue for the first half of 2024, driven by strong client demand in the offshore wind sector. This growth was partially offset by a decline in the oil & gas sector. The company's revenue for Q2 2024 was EUR 587.9 million, up from EUR 552.5 million in Q2 2023.

EBITDA and EBIT Margins

Fugro NV achieved a significant improvement in its financial performance with an EBITDA margin of 20.5% and an EBIT margin of 13.2% for the first half of 2024. This was largely due to strong performance in the Marine business, particularly in the Europe-Africa region. EBITDA for H1 2024 was EUR 224.1 million, compared to EUR 160.4 million in H1 2023.

Net Result

The net result for Fugro NV in the first half of 2024 increased to EUR 112.5 million, a substantial rise from EUR 71.7 million in the same period last year. This improvement reflects the company's enhanced operational efficiency and strong market demand in the renewables sector.

Operating Cash Flow

Fugro NV's operating cash flow before changes in working capital expanded to EUR 187.0 million in H1 2024, up from EUR 131.0 million in H1 2023. This increase was driven by a higher EBITDA, although it was partially offset by an increase in working capital.

Outlook for Full-Year 2024

Fugro NV has updated its outlook for the full year 2024, anticipating continued revenue growth and an EBIT margin around 13%. The company plans ongoing investments in assets, technology, and personnel to support its strategic objectives and market opportunities, particularly in the renewables sector.

Summarized from source with an LLMView Source

Key figures

-2.63%1Y

140%3Y

14.8%5Y

Performance

35.4%1Y

38.4%3Y

51.9%5Y

Volatility