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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 Wins Ørsted Contracts For Site Investigations
Friday, 1 Dec 2017 04:08am EST 

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 12:21pm EST 

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 05:18am EDT 

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 02:16am EDT 

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 01:02am EDT 

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 06:30am EDT 

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 wins highway data collection contract for state of Alaska
Friday, 22 Sep 2017 05:21am EDT 

Sept 22 (Reuters) - FUGRO NV ::WINS HIGHWAY DATA COLLECTION CONTRACT FOR STATE OF ALASKA.WORK ON THE CONTRACT IS SLATED TO BEGIN THIS MONTH‍​.WORK ON ALASKA DATE COLLECTION CONTRACT TO BEGIN THIS MONTH.AFTER ACCEPTANCE OF PILOT PROGRAMME, PHASE-II WILL COMMENCE IN 2018 AND CONTINUE THROUGH 2021.  Full Article

Fugro H1 reports net loss at 96.4 million euros
Thursday, 3 Aug 2017 01:39am EDT 

Aug 3 (Reuters) - FUGRO NV ::H1 2017: SLOWER THAN ANTICIPATED BOTTOMING OUT OF OIL AND GAS MARKET IMPACTS RESULTS‍​.OUTLOOK 2017: FOR THE FULL YEAR FUGRO ANTICIPATES A DECREASE IN REVENUE, HOWEVER LESS SEVERE THAN DURING THE FIRST HALF‍​.H1 REVENUE EUR 774.3 MILLION VERSUS EUR 904.9 MILLION YEAR AGO.H1 ADJUSTED EBITDA EUR 46.6 MILLION VERSUS EUR 98.9 MILLION YEAR AGO.H1 NET LOSS EUR 96.4 ‍​ MILLION VERSUS LOSS OF EUR 202.1 MILLION YEAR AGO.BACKLOG FOR NEXT 12 MONTHS AT END OF H1 EUR 971.2 MILLION VERSUS EUR 1.07 BILLION YEAR AGO.FOR FY 2017 EBIT MARGIN IS EXPECTED TO IMPROVE SIGNIFICANTLY DURING H2 COMPARED TO H1, RESULTING IN A NEGATIVE LOW SINGLE DIGIT MARGIN (EXCLUDING EXCEPTIONAL ITEMS) FOR FY.MARINE SITE CHARACTERISATION ACTIVITIES PERFORMED BELOW LAST YEAR MAINLY DUE TO PRICING PRESSURE -CEO.FOR 2017 CASH FLOW FROM OPERATING ACTIVITIES AFTER INVESTMENTS IS ANTICIPATED TO BE POSITIVE EXCLUDING THE PURCHASE OF THE REM ETIVE VESSEL.ADDITIONAL MEASURES BEING IMPLEMENTED TO STREAMLINE BUSINESS PROCESSES AND FURTHER REDUCE COST, IN ORDER TO RESTORE PROFITABILITY.‍​.  Full Article

CGG wins Brazil data processing contract for world's largest seabed seismic survey
Wednesday, 19 Jul 2017 01:30am EDT 

July 19 (Reuters) - CGG : :PRESS RELEASE REG-CGG: WINS BRAZIL DATA PROCESSING CONTRACT FOR WORLD'S LARGEST SEABED SEISMIC SURVEY.‍SURVEY WILL BE ACQUIRED BY SEABED GEOSOLUTIONS, CGG'S JOINT VENTURE WITH FUGRO​.  Full Article

Fugro to install new undersea power cable in South Australia​
Monday, 17 Jul 2017 11:10am EDT 

July 17 (Reuters) - FUGRO NV ::‍FUGRO TO INSTALL NEW UNDERSEA POWER CABLE IN SOUTH AUSTRALIA​.CONTRACT TO INSTALL A SUBSEA POWER CABLE FOR SOUTH AUSTRALIA’S DISTRIBUTION NETWORK MANAGEMENT COMPANY, SA POWER NETWORKS.NEW CABLE IS EXPECTED TO BE OPERATIONAL BY MIDDLE OF 2018.  Full Article

Fugro says former Vattenfall head Oystein Loseth to replace retiring CEO

AMSTERDAM, Oct 16 Surveying and marine floor services company Fugro NV on Monday said the former head of Swedish energy company Vattenfall, Oystein Loseth, would replace Paul van Riel who is retiring on April 26, 2018.