Q4 2024 Fugro NV Earnings Call Transcript

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Feb 28, 2025

Feb 28, 2025 / 10:00AM GMT
Mark Heine Fugro NV-CEO

Very welcome to the 2024 full year results presentation of Fugro. Very welcome to everyone here in the room, but also online. Thank you for dialing in. We'll take you through a presentation today as normal, and then after, that we open up for questions for the people here available in the room.

So, let me start first by giving you a few highlights of the financials for 2024. We improved our margins significantly in the year, and Barbara will dive into some of the details showing you the regional split, but I can already say that we're very pleased that 3 out of the 4 regions actually produce double digit margins. So this is good to see, and also, it's good to mention that both land and marine have improved actually the margins compared to last year.

Operating cash flow increased by 20%, also very good, and obviously, as a result of a good net result and cash generation, we are very pleased to announce the increase in the dividends to EUR0.75 per share compared to obviously $0.40 last year. The strong EBIT improvement also was developed with actually some

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