Half Year 2025 Fugro NV Earnings Call Transcript

Aug 1, 2025 / 09:00 AM GMT

Release Date Price: €11.19 (-11.33%)

Transcript

Key Points

Positve

Fugro NV (FUGRF) expects a strong recovery in the second half of 2025, with an overall EBIT margin for the full year projected between 8% to 11%.
The company has a strong backlog of projects, which is expected to underpin future growth and provide confidence in the second half of the year.
Fugro NV (FUGRF) is implementing a comprehensive cost reduction program, aiming for annualized savings of 80 to 100 million, which should positively impact the second half of the year.
The company is diversifying its business, reducing dependency on the offshore wind market by shifting assets and personnel to other markets like oil and gas and infrastructure.
Fugro NV (FUGRF) is investing in innovative technologies, such as the Blue Dragon seabed drill and Ground IQ for land projects, which could enhance future capabilities and market position.

Negative

The first half of 2025 was disappointing, with a revenue drop of 186 million, primarily due to a significant decline in the renewables sector.
The offshore wind market, particularly in the US, has collapsed, with Fugro NV (FUGRF) experiencing a substantial reduction in wind projects.
High inflation and supply chain disruptions have negatively impacted economic certainty and slowed down market activities.
The company faces challenges in maintaining vessel utilization, which dropped to 66% compared to 69% last year.
Fugro NV (FUGRF) is dealing with limited geotechnical vessel availability, affecting project execution and revenue generation.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FUGR.AS - Fugro NV
Half Year 2025 Fugro NV Earnings Call
Aug 01, 2025 / 09:00AM GMT

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Presentation
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I don't need the introduction.

Yeah Good morning, good afternoon, good evening for some of you. Welcome to the first half of 2025 result presentation of Firo. Welcome, thank you for joining.

We're going to give a presentation, Barbara and myself, and then thereafter is room for questions for the people here in the room.

First half of the year of

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