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Fugro NV (FUGRc.AS)

FUGRc.AS on Amsterdam Stock Exchange

11.78EUR
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Fugro Wins Ørsted Contracts For Site Investigations
Friday, 1 Dec 2017 

Dec 1 (Reuters) - FUGRO NV ::WINS ØRSTED CONTRACTS FOR SITE INVESTIGATIONS AT TWO LARGE-SCALE U.S. OFFSHORE WIND PROJECTS‍​.‍SITE INVESTIGATIONS ARE DUE TO COMMENCE AT END OF NOVEMBER AND ARE EXPECTED TO CONTINUE FOR THREE MONTHS​.  Full Article

Fugro Completes Divestment Of Non-Core Trenching And Cable Laying Business
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - FUGRO NV ::DIVESTMENT NON-CORE TRENCHING AND CABLE LAYING BUSINESS FINALISED.‍DIVESTED ACTIVITIES WILL BE DECONSOLIDATED AS PER 1 DECEMBER 2017​.  Full Article

Fugro says most of impact from hurricanes was in marine business - conf call‍​
Monday, 30 Oct 2017 

Oct 30 (Reuters) - FUGRO NV ::SAYS MOST OF IMPACT FROM HURRICANES WAS IN MARINE BUSINESS - CONF CALL‍​.  Full Article

Fugro Q3 trading update, launches convertible bonds of EUR 100 million
Monday, 30 Oct 2017 

Oct 30 (Reuters) - FUGRO NV ::ANTICIPATES A DOUBLE-DIGIT DECREASE IN REVENUE, WITH ONLY A SINGLE DIGIT DECREASE IN THE FOURTH QUARTER‍​.EXPECTS EBIT MARGIN TO IMPROVE DURING THE SECOND HALF OF THE YEAR COMPARED TO THE FIRST.CASH FLOW FROM OPERATING ACTIVITIES AFTER INVESTMENTS WILL BE NEGATIVE FOR THE FULL YEAR.‍TRADING UPDATE Q3 2017: LOW SINGLE DIGIT EBIT MARGIN IN A STABILISING OIL AND GAS MARKET​.Q3 REVENUE EUR 364.0 ‍​MILLION VERSUS EUR 474.1 MILLION YEAR AGO.Q3 BACKLOG NEXT 12 MONTHS OF EUR ‍​0.87 BILLION VERSUS EUR 1.06 BILLION YEAR AGO.END-Q3 NET DEBT/EBITDA RATIO EUR 2.9 ‍MLN VERSUS EUR 1.8 MILLION YEAR AGO​.LAUNCHES A SUBORDINATED CONVERTIBLE BOND OF EUR 100 MILLION.‍​.BOND PROCEEDS WILL BE OFFERED TO THE USPP NOTEHOLDERS FOR EARLY REPAYMENT. ‍​.Q3 EBIT MARGIN WAS LOW SINGLE DIGIT, COMPARED TO MID-SINGLE DIGIT IN THE SAME PERIOD LAST YEAR. ‍​.TECHNICAL DOWNTIME OF SOME VESSELS AND HURRICANES IN AMERICAS, NEGATIVELY IMPACTING Q3 EBIT BY AROUND EUR 10 MLN‍​.  Full Article

Fugro will nominate Øystein Løseth as CEO
Monday, 16 Oct 2017 

Oct 16 (Reuters) - FUGRO NV ::FUGRO NV - FUGRO WILL NOMINATE ØYSTEIN LØSETH AS MEMBER OF THE BOARD OF MANAGEMENT AND CEO.‍WILL SUCCEED TO PAUL VAN RIEL AS OF 26 APRIL 2018​.  Full Article

HC2 HOLDINGS SAYS ITS UNIT TO ACQUIRE ONE OF FUGRO N.V.'S BUSINESSES
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - HC2 Holdings Inc ::HC2 PORTFOLIO COMPANY GLOBAL MARINE GROUP TO ACQUIRE FUGRO’S TRENCHING AND CABLE LAYING BUSINESS.HC2 HOLDINGS INC - DEAL FOR ‍APPROXIMATELY $73 MILLION​.HC2 HOLDINGS-DEAL ‍CONSISTS OF ISSUANCE TO A UNIT OF FUGRO OF A 23.6% EQUITY INTEREST IN GLOBAL MARINE HOLDINGS VALUED AT $65 MILLION​.HC2 HOLDINGS INC - ‍ACQUISITION, WHICH GMG BELIEVES WILL BE ACCRETIVE.HC2 HOLDINGS INC - DEAL INCLUDES ‍AN OBLIGATION OF GMSL TO PAY FUGRO $7.5 MILLION WITHIN ONE YEAR PURSUANT TO A SECURED VENDOR LOAN​.HC2 HOLDINGS INC - ‍AS PART OF TRANSACTION, FUGRO WILL BECOME PREFERRED PROVIDER OF MARINE SITE CHARACTERIZATION AND ASSET INTEGRITY SERVICES TO GMG​.  Full Article

Fugro divests non-core trenching and cable laying business to Global Marine Group
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - FUGRO NV ::FUGRO DIVESTS NON-CORE TRENCHING AND CABLE LAYING BUSINESS TO GLOBAL MARINE GROUP‍​.THE TRANSACTION INVOLVES THE TRANSFER OF 23 ABERDEEN BASED EMPLOYEES, 1 VESSEL, 2 TRENCHERS AND 2 REMOTELY OPERATED VEHICLES..TO CONTRIBUTE ITS TRENCHING AND CABLE LAYING BUSINESS TO GMG IN RETURN FOR EQUITY INTEREST OF CA. 24% IN COMBINED BUSINESS AND $7.5 MILLION SECURED VENDOR LOAN.WILL PARTICIPATE IN A DIVERSIFIED SUBSEA CABLE INSTALLATION, MAINTENANCE AND MARINE TELECOM COMPONENT MANUFACTURING AND CABLE INTEGRATION BUSINESS.WILL ALSO BECOME GMG’S PREFERRED PROVIDER OF SITE CHARACTERISATION AND ASSET INTEGRITY SERVICES.TOTAL TRANSACTION VALUE IS APPROXIMATELY US$ 73 MILLION.FUGRO WILL REALISE A GAIN ON THIS TRANSACTION.EXPECTATION IS THAT THE TRANSACTION WILL BE CLOSED IN THE FOURTH QUARTER OF 2017.  Full Article

Fugro acquires REM Etive IRM support vessel
Tuesday, 14 Feb 2017 

Fugro NV :Acquires REM Etive IRM support vessel to service multiple contracts in Southeast Asia.  Full Article

Fugro Seabed Geosolutions, in cooperation with CGG, secured continuity in the Middle East
Thursday, 6 Oct 2016 

Fugro NV : Seabed Geosolutions, in cooperation with CGG, secured a new extension to its ongoing shallow water operations in the U.A.E. . Variation order from Abu Dhabi National Oil Company (ADNOC) covers Phase-II of Ghasha Field project. . This new survey is due to start in Otober and is expected to take approximately 9 months. It has a value of around USD 60 million. .Seabed Geosolutions is a joint venture between Fugro and CGG..  Full Article

Fugro divests Asia Pacific subsea services business to Shelf Subsea
Thursday, 4 Aug 2016 

Fugro Nv : Divests Asia Pacific subsea services business to Shelf Subsea . Transfer of 1 owned vessel, 3 chartered vessels and 18 rovs . Acquires equity interest of around 25 pct in Shelf Subsea in addition to receiving cash proceeds of AUS 20 million (around 14 million euros ($15.60 million)) . Transfer of approximately 285 Fugro employees .Transfer of Fugro subsea offices in Perth and Singapore.  Full Article

Oil explorer Finder seeks $150 mln for Australia drilling

LONDON, Nov 15 Australia-focused oil and gas explorer Finder Exploration is seeking to raise $150 million for the drilling of five wells off the country's northwest coast, a document seen by Reuters showed.