Report
Fugro : Beating earnings expectations despite adverse weather
>Clearly beating our earnings expectations - Revenues. Fugro’s revenues in Q1 2021 declined by a comparable 17% to € 382.8m (no consensus, our AAOB forecast € 385.2m) still strongly affected by COVID and the related impact on the oil & gas market. Marine revenues declined by 24% to € 189.1m, in-line with our forecast, and Land revenues were up 0.7% to € 94.7m. Marine Europe-Africa suffered from adverse weather in the UK, and extreme weather in the US, as well as delay...
Underlying
Fugro N.V.
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Thijs Berkelder
Other Reports on these Companies
Other Reports from Oddo BHF
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.