KBC Securities - FUGRO NV (FUR) Fugro Announcing €50m SBB

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KBC Securities

Kristof Samoy

Fugro Announcing €50m SBB

Fugro announced it will implement a share buyback programme for an amount of € 50m. The programme will result in a reduction of the company's share capital by cancelling all shares acquired through the repurchase programme, also offsetting dilution from the recently matured convertible bonds. A welcome announcement following the unwarranted sell off in the name. Buy and €28.5 TP reiterated.

18/11/2024 1 EN

Underlying

FUGRO NV

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NL00150003E1 Euronext Amsterdam Netherlands

Provider

KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

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Analysts

Kristof Samoy

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Fugro Announcing €50m SBB

We are a financial services provider for several types of professional clients, each with distinct needs.

Benelux Morning Notes

Morning Notes : FUR NA, IBAB BB, RET BB

Bekaert Feedback conference call

Inventiva FIRST LOOK: 3Q24 update holds no surprises, NATiV3 timelines reiterated

Ackermans & van Haaren 3Q FY24: Major Participations Continue To Post Robust Results

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