Outlook

Employees discussing a rock sample in the Curitiba office in Brazil

In line with the new strategy Towards Full Potential and related mid-term guidance, Fugro expects for 2024:

  • Continued revenue growth, primarily driven by the energy markets

  • EBIT margin within mid-term target range of 11-15%

  • Ongoing investments in assets, technology, people and execution excellence

  • Capex of around EUR 250 million.

Blue Essence remote control centre.

Mid-term targets 2027

Expected revenue growth from an annual level of EUR 2.1 billion today to EUR 3.0-3.5 billion in 2027

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Fugro Explorer, Manhattan, New York.

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