5th Feb 2025 11:57
(Alliance News) - James Fisher & Sons PLC on Wednesday said its key markets, especially the energy sector, kept its results on track in the second half of 2024.
The Barrow-in-Furness, England-based marine services firm hailed a "solid overall trading performance".
James Fisher expects underlying operating profit of around GBP29 million, ahead of current market expectations, for 2024. This would be similar to GBP29.6 million the company had reported for 2023 in underlying operating profit from continuing operations.
"Our key end markets, particularly within the energy sector, remained supportive through the second half enabling the group to deliver encouraging year-on-year revenue performance in 2024," the company said.
Chief Executive Officer Jean Vernet said: "I am encouraged by our 2024 performance which will show underlying profit ahead of expectations together with an improved cash position. We ended the year in a stronger position having continued to execute on our turnaround strategy, including undertaking disposals and refinancing our debt facilities. As a result, we are now beginning to see the benefits of our transformation programme coming through."
James Fisher will release 2024 results on March 20.
James Fisher shares were up 9.0% to 333.55 pence each late Wednesday morning in London.
By Tom Budszus, Alliance News slot editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.