Report
Kristof Samoy

Fugro Key take-aways CMD

Yesterday Fugro hosted an insightful CMD detailing its strategy update “Towards full potential” as well as the sizeable update of financial targets & guidance for 2027 exceeding our expectations. Our earnings model (updated last Friday) does not yet reflect any changes linked to CMD and pencils in adj. EBIT margins of 11.2% by 2027. Comments and data shared confirm our scenario that offshore wind will continue to be a growth driver going forward despite all recent negative sector news flow. Buy reiterated
Underlying
FUGRO NV

Provider
KBC Securities
KBC Securities

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

 

Analysts
Kristof Samoy

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