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James Fisher & Sons ( (GB:FSJ) ) has shared an update.
James Fisher and Sons plc reported solid financial results for 2024, marking the second year of its business turnaround. The company achieved an 8.6% increase in revenue, adjusted for disposals, and a 31% rise in underlying operating profit, despite an overall revenue decline. The strengthened balance sheet, reduced net debt, and improved financial position provide a platform for growth, with a focus on Energy and Defence sectors. The company has implemented a ‘One James Fisher’ operating model to enhance cohesion and customer synergies, and aims to achieve medium-term financial targets, including a 10% operating margin and 15% return on capital employed.
More about James Fisher & Sons
James Fisher and Sons plc is a leading provider of unique marine solutions in the Energy, Defence, and Maritime Transport sectors. The company is known for pioneering safe and innovative solutions that address complex customer challenges worldwide, serving industries and governments.
YTD Price Performance: 4.13%
Average Trading Volume: 28,513
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £164.1M
Learn more about FSJ stock on TipRanks’ Stock Analysis page.