Report
Thijs Berkelder

Fugro : First quarter margins clearly beating our expectations

>Q1 EBITDA up 41% and EBIT up 75% - Fugro this morning published its 24Q1 trading update:- Revenues up comparable up 9.0% y-o-y to € 503.2m (AAOB € 500.9m) with Marine up 13.8% to € 378.2m (AAOB € 363.6m) and Land down 3.5% to € 125.0m (AAOB € 137.2m)- Adjusted EBITDA up 41% y-o-y to € 82.8m (AAOB € 61.1m), equivalent to an EBITDA margin of 16.5% (12.6% a year ago, AAOB 12.2%)- Adjusted EBIT up 75% y-o-y to € 44.2m (AAOB € 21.7m), equivalent to an EBIT ...
Underlying
FUGRO NV

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Thijs Berkelder

Other Reports on these Companies
Other Reports from Oddo BHF
Matthias Desmarais
  • Matthias Desmarais

ResearchPool Subscriptions

Get the most out of your insights

Get in touch