James Fisher & Sons ( (GB:FSJ) ) has shared an announcement.
James Fisher & Sons plc reports a successful 2024 with a solid trading performance in the second half, achieving an underlying operating profit of approximately £29 million, which is ahead of market expectations. The company’s strategic turnaround plan, including portfolio simplification and debt refinancing, has contributed to its improved financial position, with notable growth in the Energy Division and contract wins in the Defence Division. Despite challenges in maritime transport, the group has maintained a focus on capital investments to support organic growth and further strengthen its balance sheet by reducing debt through asset sales. Looking ahead to 2025, the company aims to continue its turnaround efforts and achieve a 10% operating profit margin amid supportive market conditions, while being mindful of economic uncertainties.
More about James Fisher & Sons
James Fisher & Sons plc is a leading marine services company that provides innovative solutions across the energy, defense, and maritime service sectors. The company focuses on strategic initiatives and operational efficiency to strengthen its market position and drive future growth, particularly in key sectors such as energy and defense.
YTD Price Performance: -2.86%
Average Trading Volume: 28,299
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £155.6M
For an in-depth examination of FSJ stock, go to TipRanks’ Stock Analysis page.