Brief: Fugro Q2 Revenue €502.2 Million
BRIEF-Fugro Q2 Revenue €502.2 Million July 31 (Reuters) - Fugro NV FUGR.AS:
Q2 REVENUE EUR 502.2 MILLION
Q2 EBIT 39.8 MILLION
OUTLOOK 2026: TO SUPPORT FREE CASH FLOW, CAPEX FOR YEAR WILL BE REDUCED TO AROUND EUR 150 MILLION, ALONG WITH LOWER WORKING CAPITAL
OUTLOOK 2026 : MARKET UNCERTAINTY EXPECTED TO PERSIST, LEADING TO CUSTOMER CAUTION AND INDUSTRY OVER-CAPACITY
OUTLOOK 2026: PRICING PRESSURE AND SHORTER BACKLOG VISIBILITY IMPACT OUR PERFORMANCE IN SHORT-TERM, MAKING EARLIER EXPECTED MARGIN IMPROVEMENT FOR FULL YEAR UNLIKELY
H1 FREE CASH FLOW EUR -38 MILLION
H1 NET LOSS EUR 62 MILLION
12-MONTH BACKLOG DECLINES BY 13.9%, WITH A 47% REDUCTION IN RENEWABLES
Source text: https://tinyurl.com/yny6vfc7
Further company coverage: FUGR.AS
(Gdansk Newsroom)
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