Strong 2023 for Fugro: high growth, improved margins and boosted cash flow

27.5% revenue growth to EUR 2.2 billion driven by high client demand in energy markets

Significant step-up in performance in all regions, resulting in EBITDA of EUR 397.3 million (18.2% margin) and EBIT of EUR 252.1 million (11.5% margin)

Net result increases to EUR 254.8 million compared to EUR 74.1 million in 2022

Boosted cash flow of EUR 213.3 million compared to EUR 23.9 million last year as a result of higher operating cash flow and strict working capital management

Robust 12-month backlog of EUR 1.48 billion; 6.3% increase after steep growth during previous quarters

Proposed dividend of EUR 0.40 per share

New strategy Towards Full Potential and mid-targets for 2027 launched in November 2023

Outlook 2024: continued revenue growth and EBIT margin within mid-term target range of 11-15%.

Key figures (x EUR million) - unaudited
go for more to

https://www.fugro.com/news/press-releases/2024/full-year-results-2023

tijd 17.31
Fugro EUR 20,26 +1,33 vol. 1,4 miljoen.