BNP ups Fugro on expected 'H2 bounce back', shares rise

Fugro NV

22/08/2025 10:23

August 22 (Reuters) -    ** Exane BNP Paribas upgrades Dutch geo-data specialist Fugro FUGR.AS to "Outperform" from "Neutral", as Q2 update and FY guidance point to profit recovery

** Despite a miss across the board in H1, Fugro's Q2 update allows to expect a rebound in the second half of the year and a progressive recovery in the following quarters, the broker said in a note to investors

** "2025 guidance, driven by top line growth and cost cutting, implies a substantial improvement in operating performance and net debt", it adds

** BNP analysts expect EBIT to increase sequentially by more than 7 times in H2, while cost reduction measures should support margins improvement

** Out of eight analysts covering the stock, three rate it "Buy", four rate "Hold" and one gives a "sell" recommendation - LSEG data

** Shares rise 5.3%, on track for a best day since November 18 2025, if gains hold

 (Reporting by Alban Kacher)

 ((Alban.kacher@thomsonreuters.com; +48 58 769 65 87))