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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 enters into a partnership agreement to provide support in Amsterdam
Friday, 19 May 2017 07:23am EDT 

May 19 (Reuters) - FUGRO NV :HAS ENTERED A PARTNERSHIP AGREEMENT TO PROVIDE CIVIL ENGINEERING SUPPORT IN THE CITY OF AMSTERDAM..TOGETHER WITH ENGINEERING CONSULTANCY FIRM SWECO, FUGRO WILL SUPPORT DEVELOPMENT IN THREE LOCATIONS IN THE EASTERN PART OF AMSTERDAM.THE PARTNERSHIP AGREEMENT RUNS UNTIL APRIL 2021 WITH AN OPTION FOR FOUR ONE-YEAR EXTENSIONS.CITY OF AMSTERDAM ESTIMATES CONTRACT VALUE AT EUR1 MILLION PER YEAR..  Full Article

Fugro Q1 revenue down at 376.7 million euros
Tuesday, 2 May 2017 01:12am EDT 

May 2 (Reuters) - Fugro Nv : :Q1 revenue 376.7 million euros ($411.13 million) versus 441.1 million euros year ago.Backlog for the next 12 months has stabilised since mid-2016. Compared to the same quarter last year, backlog decreased by 12.9 pct on a currency comparable basis..Outlook 2017: for the first half of the year Fugro continues to anticipate a significant decline in revenue, however less severe than in the same period of 2016.Outlook 2017: for the first half of the year Fugro continues to expect negative low single digit EBIT margin (excluding exceptional items).Backlog next 12 mths 1.05 billion euros versus 1.18 billion euros year ago.Outlook 2017: revenue decline is expected to bottom out towards the latter part of the year. Full year cash flow is expected to be positive..The outlook for 2017 is unchanged.  Full Article

Fugro signs strategic alliance with Ground Structures Engineering Consultants Ltd in Guyana
Wednesday, 29 Mar 2017 07:28am EDT 

Fugro NV : New strategic alliance with Ground Structures Engineering Consultants Ltd in republic of Guyana .Marine site characterisation project is scheduled to begin in April 2017.  Full Article

Boskalis sells remaining holding in Fugro
Wednesday, 1 Mar 2017 03:44am EST 

Koninklijke Boskalis Westminster NV :Boskalis announced on Tuesday it sold remaining holding in Fugro Full Article

Boskalis sells remaining holding in Fugro
Tuesday, 28 Feb 2017 02:44pm EST 

Koninklijke Boskalis Westminster NV :Boskalis announced on Tuesday it sold remaining holding in Fugro Full Article

Fugro says bookrunner to place 7.9 mln shares worth $126 mln
Tuesday, 28 Feb 2017 11:50am EST 

Fugro Nv : Bookrunner - accelerated bookbuilt offering of 7,932,532 ordinary shares of Fugro N.V. . Bookrunner - accelerated bookbuilt offering size: 7,932,532 shares representing c.120 mln euros / $126 mln based on the closing price of 15.035 euros on Feb. 28 2017 Further company coverage: [FUGRc.AS] (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

Fugro says it does not see any reason for a slowdown in offshore wind - conf call
Friday, 24 Feb 2017 07:00am EST 

Fugro NV : Says it does not see any reason for a slowdown in offshore wind - conference call Further company coverage: [FUGRc.AS] (Gdynia Newsroom:) ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;)).  Full Article

Fugro FY revenue at 1.78 billion euros, in line with Reuters poll
Friday, 24 Feb 2017 01:45am EST 

Fugro NV : FY revenue 1.78 billion euros ($1.88 billion) versus 1.76 billion euros in Reuters poll . FY net loss 308.9 million euros versus loss of 235 million euros in Reuters poll . FY EBITDA 189.5 million euros versus 182 million euros in Reuters poll . Anticipates that, for the first half of 2017, the offshore oil and gas market will continue to decline significantly . Stabilisation of co's backlog over the last few months and clear signs that pressure on oil supply side is beginning to build, indicate that market may bottom out towards year end . Backlog for the next 12 months down 11.6 percent on a currency comparable basis compared to a year ago and up by 7.3 percent compared to the third quarter of 2016 . For the first half of the year, expects further significant decline in revenue, however less severe than in 2016, with ongoing margin pressure . Expects revenue decline bottoming out towards the latter part of the year .Expects positive cash flow for the full year.  Full Article

Fugro has been awarded contract by Shell/BG Kenya
Tuesday, 21 Feb 2017 05:08am EST 

Fugro NV :Has been awarded a contract by Shell/BG Kenya for the execution of a seabed survey to detect natural leakages of hydrocarbons.  Full Article

Pakistan chooses Fugro for minerals exploration in Punjab
Friday, 3 Feb 2017 10:47am EST 

Fugro NV : Pakistan government chooses Fugro NV for extensive minerals exploration in Punjab, for iron ore and other minerals .A 10 million euros ($10.79 million) contract with Fugro NV was signed in Lahore, in January.  Full Article

More From Around the Web

UPDATE 1-Fugro sees further market decline in first half of 2017

Feb 24 Dutch deep-sea energy prospector Fugro said it expects a further significant decline in the offshore oil and gas services market in the first half of 2017 before oil companies prepare for new investments later in the year.