Q3 2019 Fugro NV Trading Update Call Transcript

Oct 25, 2019 / 07:00AM GMT
Operator

Good day, and welcome to the Fugro Analyst Q2 Trading Update Conference Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Mark Heine. Please go ahead, sir.

Mark R. F. Heine - Fugro N.V. - Chairman of Management Board & CEO

Thank you for participating in this call. I'm Mark Heine, CEO. I'm here with Paul Verhagen, CFO; and Catrien Buttingha from Investor Relations.

And as usual, first, Paul and I will present a couple of slides, and this should take 10 to 15 minutes. And afterwards, we're happy to take your questions. Next slide, please.

So this quarter, we realized a high single-digit margin from continuing operations compared to mid-single-digit margin last year. This was the seventh consecutive quarter of EBIT improvement for our continuing business, in other words, excluding Seabed Geosolutions, which is held for sale. So this is excluded in the 7 consecutive quarters. This continued recovery of our result is supported by most regions and business lines. I will come back to

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