Brief: Fugro Q1 Revenue Down 2.1% To EUR 418.3 Mln
23/04/2026 06:11
April 23 (Reuters) - Fugro NV FUGR.AS: Q1 REVENUE DECLINE OF 2.1% IN SEASONALLY LOW QUARTER CONTINUED GEOPOLITICAL AND MACROECONOMIC UNCERTAINTY LEADING TO SLOWER AWARD DECISIONS AND HEIGHTENED CLIENT FOCUS ON COST AND CASH DISCIPLINE EUR 120 MILLION COST REDUCTION PROGRAMME COMPLETED; ADDITIONAL MEASURES WILL BE TAKEN IF REQUIRED Q1 EBITDA MARGIN OF 10.4% VERSUS 9.8% YOY AND EBIT MARGIN IN LINE WITH LAST YEAR FUGRO NV - Q1 OPERATING CASH FLOW BEFORE CHANGES IN WORKING CAPITAL OF EUR 13 MN VERSUS EUR 21 MN LAST YEAR FUGRO NV - INCREASED WORKING CAPITAL DUE TO HIGHER BILLING DRIVEN BY INCREASED ACTIVITY TOWARDS END OF QUARTE OUTLOOK 2026: MARGIN IMPROVEMENT DRIVEN BY IMPLEMENTED COST SAVINGS AND OPERATIONAL EFFICIENCIES OUTLOOK 2026: TO SUPPORT FREE CASH FLOW, CAPEX FOR YEAR WILL BE EUR 150-165 MILLION, ALONG WITH LOWER WORKING CAPITAL Q1 REVENUE EUR 418.3 MILLION Q1 EBITDA 43.3 MILLION Q1 EBIT -1.9 MILLION BACKLOG NEXT 12 MONTHS EUR 1.39 BILLION Source text: tinyurl.com/ad6sjh39 Further company coverage: FUGR.AS (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48587696600;;))