Fugro was scheduled to release its 1Q25 results on April 24. Following the distribution of the company-compiled consensus on Monday after close, Fugro issued a profit warning yesterday. Compared to an exceptionally strong 1Q24, where revenues grew by 9%, the 1Q25 consensus anticipated a -4.8% revenue decline (KBCS -4.0% est.), but the actual decline was -11%. The 1Q25 EBIT consensus called for €28m (KBCS €29m est.), which turned out to be only slightly positive. Given the current US stance on o...
Fugro was scheduled to release its 1Q25 results on April 24. Following the distribution of the company-compiled consensus on Monday after close, Fugro issued a profit warning yesterday. Compared to an exceptionally strong 1Q24, where revenues grew by 9%, the 1Q25 consensus anticipated a -4.8% revenue decline (KBCS -4.0% est.), but the actual decline was -11%. The 1Q25 EBIT consensus called for €28m (KBCS €29m est.), which turned out to be only slightly positive. Given the current US stance on of...
Fugro was scheduled to release 1Q25 numbers on April 24. Following the distribution of the company compiled consensus yesterday after close, Fugro issued a profit warning this morning. Compared to an exceptionally strong 1Q24 where revenues grew 9%, 1Q25 consensus was banking on a -4.8% revenue decline (KBC -4.0%) with an actual decline posted of -11%. 1Q25 EBIT CSS called for €28m (€29m KBCS) which turns out to have been only slightly positive. Given the US stance on offshore wind and the econo...
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