Fugro shares tumble on FY loss, CFO exit

Fugro NV

27/02/2026 08:40

** Shares in Dutch geo-data specialist Fugro FUGR.AS fall around 10% after posting an FY loss while also announcing that its CFO will step down in April

* Share on track for their worst day since April 2025, if losses hold

** KBC Securities says Fugro had a "challenging 4Q25 materially affected by descopings and postponements", as the group was dogged by project postponements and a 40% drop in revenue from its renewables business

** Broker notes a structural re-rating for the stock will only occur once there are "reliable indications that the topline bleeding has stopped", estimating that visibility will remain low until the release of H1 results

($1 = 0.8426 euros)

 (Reporting by Jerome Terroy)

 ((jerome.terroy@thomsonreuters.com))