Fugro N.V. (0LNT) Q4 2024 Earnings Call

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WEBVTT 00:00:00.470 -- 00:00:05.979 Very welcome to the 2024 full year results presentation of Fugro. 00:00:05.979 -- 00:00:09.825 Very welcome to everyone here in the room, but also online. 00:00:09.825 -- 00:00:12.209 Thank you for dialing in. 00:00:12.209 -- 00:00:16.195 We'll take you through a presentation today as normal. 00:00:16.195 -- 00:00:21.698 And then after that, we open up for questions for the people here available in the room. 00:00:21.698 -- 00:00:28.385 So let me start first by giving you a few highlights of the financials for 2024. 00:00:28.869 -- 00:00:34.177 We improved our margins significantly in the year, and Barbara 00:00:34.177 -- 00:00:38.544 will dive into some of the details showing you the regional split, but I can already 00:00:38.544 -- 00:00:43.852 say that we're very pleased that three out of the four regions actually produced double-digit 00:00:43.852 -- 00:00:48.639 margins. So this is good to see and also 00:00:48.639 -- 00:00:53.066 good to mention that both land and marine have improved actually the margins compared 00:00:53.066 -- 00:00:58.114 to last year. Operating cash flow increased by 20%, also very 00:00:58.114 -- 00:01:03.161 good, and obviously as a result of a good net result and cash generation, we are 00:01:03.161 -- 00:01:07.268 very pleased to announce the increase in the dividends to 75 00:01:07.268 -- 00:01:12.762 cents, euro cents per share compared to obviously 40 cents last year. 00:01:12.762 -- 00:01:17.907 The strong EBIT improvement also was developed with actually 00:01:17.907 -- 00:01:21.230 some headwinds in the Americas and the Middle East markets. 00:01:21.230 -- 00:01:26.274 In the Americas obviously we were confronted with lower activity in the United 00:01:26.274 -- 00:01:30.098 States specifically...