Oddo BHF - FUGRO NV (FUR) Fugro : European offshore wind blows slow US, Middle East and Land away

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Oddo BHF

Thijs Berkelder

Fugro : European offshore wind blows slow US, Middle East and Land away

>Feedback analyst conference call - Europe & Asia Pacific prime growth drivers. Strong growth Europe (offshore wind) and Asia Pacific (offshore wind + gas), but temporary stagnation in US (Biden ban on LNG export + offshore wind delays) and Middle East (two Gaza projects halted = c. € 20m orders + Saudi's changing NEOM plans = c. € 20-30m). So Fugro for instance is bringing one US high end vessel to Europe.Offshore wind now close to 40% of revenues. Offshore wind...

29/04/2024 1 EN

Underlying

FUGRO NV

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NL00150003E1 Euronext Amsterdam Netherlands

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.

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Analysts

Thijs Berkelder

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Fugro : European offshore wind blows slow US, Middle East and Land away

Dynamic Top Pick List Update May 2024 : Adding Fugro, Removing Arcadis

Morning Notes : ARCAD NA, DIE BB, FUR NA, TESB BB, TINC BB, UCB BB

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