Yahoo Finance 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 7.9% 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 14% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Fugro's balance sheet.
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