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Fugro NV (FUGRc.AS)

FUGRc.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Fugro Q1 Revenue Up At 395.0 Million Euros
Friday, 26 Apr 2019 

April 26 (Reuters) - FUGRO NV ::TRADING UPDATE Q1 2019: FUGRO REPORTS CONTINUED REVENUE GROWTH.OUTLOOK 2019 UNCHANGED: CONTINUED REVENUE GROWTH, FURTHER IMPROVEMENT OF EBIT MARGIN AND POSITIVE CASH FLOW FROM OPERATING ACTIVITIES AFTER INVESTMENTS.IN Q1 MARINE SITE CHARACTERISATION AND LAND ASSET INTEGRITY BACKLOG GREW, WHILST IT DECLINED IN MARINE ASSET INTEGRITY AND LAND SITE CHARACTERISATION. OVERALL, THE QUALITY OF THE BACKLOG IMPROVED..Q1 REVENUE EUR 395.0 MILLION VERSUS EUR 350.4 MILLION YEAR AGO.NET DEBT/EBITDA WAS 2.8 AND IS EXPECTED TO IMPROVE IN THE COURSE OF THIS YEAR, TO A LEVEL AT YEAR-END BELOW THAT OF DEC 2018.  Full Article

Fugro Awarded Marine Site Characterisation Project Off Dutch Coast
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - FUGRO NV ::AWARDED A FURTHER SUBSTANTIAL MARINE SITE CHARACTERISATION PROJECT OFF THE DUTCH COAST.TO APPLY SPECIALIST GEODATA SERVICES IN A RETURN TO HOLLANDSE KUST (ZUID) WIND FARM DEVELOPMENT.  Full Article

Fugro Wins Geotechnical Contract For California WaterFix Project
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - FUGRO NV ::FUGRO AWARDED LARGE GEOTECHNICAL INVESTIGATION TO SUPPORT CALIFORNIA WATERFIX PROJECT.FIVE-YEAR CONTRACT FOR FUGRO AND ITS PARTNERS IS VALUED AT $75 MILLION.FUGRO IS LEADING A CONSORTIUM PROVIDING GEOTECHNICAL INVESTIGATIONS FOR THE LANDMARK CALIFORNIA WATERFIX (CWF) PROJECT IN THE SACRAMENTO-SAN JOAQUIN DELTA REGION.THE FUGRO TEAM FOR THIS CONTRACT INCLUDES FIVE SUBCONSULTANTS AS WELL AS OVER 35 SPECIALTY SUB-CONTRACTORS.  Full Article

Fugro Awarded Five-Year Framework Agreement By Network Rail
Monday, 14 Jan 2019 

Jan 14 (Reuters) - FUGRO NV ::FUGRO TO DEPLOY UNIQUE RILA TECHNOLOGY IN NETWORK RAIL CONTRACT WIN.AWARDED A FIVE-YEAR FRAMEWORK AGREEMENT BY NETWORK RAIL.AGREEMENT TO CARRY OUT SURVEY DATA ACQUISITION AND ANALYSIS FOR ALL HIGH OUTPUT TRACK RENEWAL SITES ACROSS BRITAIN.  Full Article

Fugro Awarded Contract To Survey Polynesian Island Country Of Tuvalu
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - FUGRO NV ::AWARDED A CONTRACT BY THE UNITED NATIONS DEVELOPMENT PROGRAMME (UNDP) TO SURVEY THE POLYNESIAN ISLAND COUNTRY OF TUVALU..  Full Article

Fugro Mid-Tern Targets (2021-2023): Roce 10 - 15%; EBIT Margin 8 - 12%; Free Cash Flow 4 - 7% Of Revenue
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - FUGRO NV ::MID-TERM TARGETS (2021-2023): ROCE 10 - 15%; EBIT MARGIN 8 - 12%; FREE CASH FLOW 4 - 7% OF REVENUE.EXPECTS AVERAGE ANNUAL CAPITAL EXPENDITURE OF AROUND EUR 100 TO 130 MILLION.SEES SIGNIFICANT IMPROVEMENTS IN ROCE EBIT AND CASH FLOW IN MID-TERM WITH EXPECTED REVENUE LEVEL OF EUR 2 – 2.5 BILLION.TARGETS ANNUAL POSITIVE FREE CASH FLOW RESULTING IN DELEVERAGING OF THE BALANCE SHEET AND CONSEQUENTLY NET DEBT/EBITDA RATIO BELOW 1.5.NET DEBT/EBITDA RATIO BELOW 1.5. DIVIDEND PAYMENTS WILL BE RESUMED ONCE LEVERAGE ALLOWS.IMPLEMENTATION OF NEW IFRS 16 STANDARD ON LEASING ON 1 JANUARY 2019 IS EXPECTED TO RESULT IN AN ON-BALANCE SHEET INCREASE IN NET DEBT FROM LONG TERM LEASE LIABILITIES OF AROUND EUR 200 - 225 MILLION.RECLASSIFICATION OF RELATED LEASE EXPENSES IS EXPECTED TO HAVE A POSITIVE IMPACT ON EBITDA OF EUR 35 - 45 MILLION AND ON EBIT OF EUR 5 - 10 MILLION.DUE TO FRONT LOADING OF INTEREST EXPENSES, EARNINGS BEFORE TAX (EBT) WILL DECREASE IN THE EARLY YEARS BY AROUND EUR 5 MILLION PER ANNUM.THIS CHANGE IS AN ACCOUNTING CHANGE ONLY AND HAS NO IMPACT ON THE ECONOMICS OF THE COMPANY. FURTHERMORE, THERE IS ALSO NO IMPACT ON COVENANTS AS THESE ARE BASED ON “FROZEN GAAP”.  Full Article

Fugro Announces Agreement With L3 ASV To Develop Next-Generation Autonomy For Commercial Survey
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - FUGRO NV ::FUGRO ANNOUNCES AGREEMENT WITH L3 ASV TO DEVELOP NEXT-GENERATION AUTONOMY FOR COMMERCIAL SURVEY.DELIVERY OF FIRST USV IS SCHEDULED FOR Q2 2019.  Full Article

Fugro Announces Seabed Geosolutions Red Sea Contract Win
Monday, 22 Oct 2018 

Oct 22 (Reuters) - FUGRO NV ::SEABED GEOSOLUTIONS WINS SIGNIFICANT RED SEA OCEAN BOTTOM NODE CONTRACT.SURVEYS ARE SCHEDULED TO COMMENCE EARLY 2019.CONTRACT WILL BE JOINTLY EXECUTED AND SHARED WITH SEABED'S PARTNER IN MIDDLE EAST ARGAS, WHO IS CONTRACT HOLDER.  Full Article

Fugro Secures E&P Support Contracts In Trinidad And Gulf Of Mexico
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - FUGRO NV ::FUGRO SECURES E&P SUPPORT CONTRACTS IN TRINIDAD AND GULF OF MEXICO.WON THREE CONTRACTS WITH BHP PETROLEUM (DEEPWATER) INC..  Full Article

Fugro Starts Marine Site Characterisation Work At Hornsea Two Offshore Wind Farm Site
Friday, 6 Jul 2018 

July 6 (Reuters) - Fugro NV ::COMMENCED MARINE SITE CHARACTERISATION WORK AT THE HORNSEA TWO OFFSHORE WIND FARM SITE.CONTRACT, AWARDED BY RENEWABLE ENERGY COMPANY ØRSTED, COVERS GEOTECHNICAL SITE INVESTIGATION.  Full Article