Brief: Fugro Withdraws Financial FY Guidance, Plans Additional 300 Job Cuts
22/09/2025 07:36
Sept 22 (Reuters) - Fugro NV FUGR.AS: WITHDRAWS FINANCIAL GUIDANCE FOR 2025 STILL SEES H2 TO SHOW A NOTABLE IMPROVEMENT COMPARED TO H1 PREVIOUSLY ANTICIPATED 20% REVENUE GROWTH IS NO LONGER REALISTIC PROJECTS POSTPONEMENT RESULTS IN ESTIMATED REVENUE IMPACT OF AROUND EUR 100 MILLION IMPLEMENTING ADDITIONAL REDUCTION OF 300 FTE, ON TOP OF THE EARLIER COMMUNICATED 750 FTE ADDITIONAL COST REDUCTION MEASURES WILL START TO TAKE EFFECT IN LATE 2025, WITH FULL IMPACT EXPECTED TO BE REALISED IN 2026 TO PROTECT FCF, COMPANY WILL SIGNIFICANTLY REDUCE CAPEX FOR 2026 Source text: here Further company coverage: FUGR.AS (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))