Share
Full-year results 2024
Published
28 Feb 2025 07:00 CET
Location
Leidschendam, the Netherlands
Fugro delivers strong margin, net profit and cash flow.
Substantial 20% margin improvement to 13.8% EBIT; higher profitability in both Marine and Land business
20% increase in operating cash flow to EUR 406 million; and free cash flow EUR 161 million
Revenue growth at group level driven by strong growth in Europe-Africa and Asia Pacific, partly offset by challenging market conditions in the Americas and Middle East & India
Net result increases to EUR 274 million; earnings per share of EUR 2.44
Dividend increase to EUR 0.75 per share (2023: EUR 0.40)
12-month backlog at 1,577 million, up 4.3%, attributable to continued expansion in Europe-Africa and renewed growth in Middle East & India
Outlook 2025: continued delivery on mid-term targets, with EBIT margin well within mid-term range of 11-15%, full-year revenue growth.