Report
Fugro : Strong H1 earnings beat, and margin guidance raised
>EBITDA 10% ahead of consensus, EBIT 15%, net earnings 20% - Revenues in 24H1 were up a comparable 7.1% y-o-y to € 1,091m (consensus € 1,118m) with Marine up 10.9% to € 831.9m (consensus € 853.5m) and Land down 3.5% to € 259.2m (consensus € 264.7m). For the first time, Renewables at 40% of revenues is larger than Oil & Gas (35%).Adjusted EBITDA is up 24% y-o-y to € 224.1m (consensus € 204.0m, AAOB € 216.9m) with Marine up 48% to € 197.2m (consensus € 176.9m) and ...
Underlying
FUGRO NV
Provider
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.
Thijs Berkelder
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