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home / news releases / expro group q4 offshore projects strength will conti

XPRO - Expro Group Q4: Offshore Projects' Strength Will Continue To Fuel Growth

Expro Group Holdings NV Ord

2024-03-06 11:18:47 ET

Summary

  • Expro Group Holdings' end market supports growth with significant global offshore FIDs and a committed project pipeline through 2030.
  • The company's recent acquisition of Coretrax strengthens its well construction and intervention portfolio.
  • XPRO saw significant improvement in cash flows while its liquidity was robust in FY2023.

Several Factors Support XPRO's Gains

In my previous article on December 12, 2023, I discussed Expro Group Holdings N.V.'s ( XPRO ) strategies. With significant global offshore FIDs in 2024 and 2025 and committed and sanctioned projects in the pipeline through 2030, the company's end market continues to support a growth thesis. In particular, its production optimization-related activities and well-intervention product lines will see solid growth in international markets. Recently, it acquired Coretrax, strengthening its well construction and well intervention & integrity portfolio....

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Expro Group Q4: Offshore Projects' Strength Will Continue To Fuel Growth
Stock Information
Company Name: Expro Group Holdings NV Ord
Stock Symbol: XPRO
Market: NYSE
Website: expro.com
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