Q1 2020 Fugro NV Trading Update Call Transcript

Feb 13, 2024

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Apr 30, 2020 / 06:30AM GMT
Operator

Welcome to the Fugro analyst call in relation to the first quarter trading update which was published today. (Operator Instructions) Mark Heine, Fugro's CEO; and Paul Verhagen, CFO, will start today's call with a short introduction. Thereafter, there will be time for questions.

At this time, I would like to turn the conference over to Mr. Heine. Sir, please go ahead.

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

Thank you for participating in this call. Good morning, everybody. I'm Mark Heine, CEO; and I'm here with Paul Verhagen, the CFO; and Catrien van Buttingha from Investor Relations. As usual, I will present a few slides. It should take me probably 10 minutes. And after that, I'm happy to take any questions, so let's start. Next slide, please.

So during the past 2 years, we have made significant progress with the implementation of our path to profitable growth strategy leading to a gradual recovery of the results and cash flow. While we were anticipating further growth of our business, the sudden and

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