Fugro's earnings before interest and taxes (EBIT) margin improved by 20%, reaching 13.8%, with increased profitability in both the marine and land businesses.
Operating cash flow increased by 20% to EUR 406 million, while free cash flow reached EUR 161 million.
Revenue growth at the group level was driven by strong performance in the Europe-Africa and Asia Pacific regions. This was partially offset by challenging market conditions in the Americas and the Middle East & India.
Net profit rose to EUR 274 million, with earnings per share reaching EUR 2.44.
The dividend has been increased to EUR 0.75 per share, compared to EUR 0.40 in 2023.
The 12-month order backlog grew by 4.3% to EUR 1,577 million, supported by continued expansion in Europe-Africa and renewed growth in the Middle East & India.
The outlook for 2025 includes ongoing progress towards mid-term targets, with the EBIT margin expected to remain within the mid-term range of 11-15% and full-year revenue growth anticipated.
