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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For further details see:
Expro Group Q4: Offshore Projects' Strength Will Continue To Fuel Growth