Fugro Full Year 2023 Earnings: Beats Expectations

Fugro (AMS:FUR) Full Year 2023 Results

Key Financial Results

• Revenue: €2.19b (up 24% from FY 2022).
• Net income: €252.0m (up 240% from FY 2022).
• Profit margin: 12% (up from 4.2% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: €2.25 (up from €0.70 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fugro Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 56%.

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Construction industry in Europe.

Performance of the market in the Netherlands.

The company's shares are up 1.0% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Fugro's balance sheet and an in-depth analysis of the company's financial position.

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