Outlook 2025
Following a turbulent H1, we expect a strong recovery in H2 resulting in a full-year EBIT margin of 8-11%, underpinned by revenue growth of around 20% compared to H1 2025. This outlook is supported by our robust order book and increased customer confidence, as evidenced by several recent major awards, improved geotechnical vessel utilisation, and the positive impact of our cost reduction programme.
The strength of our diversified business model and sector-agnostic assets, serving clients across different end markets and geographies, continues to provide resilience and agility. It enables us to adapt to evolving market dynamics, and recalibrate our business where needed.
We confirm our full-year capital expenditure guidance of approximately EUR 250 million, as we are committed to executing our robust order book and driving Fugro’s strategic transformation. Now that the geotechnical fleet expansion is complete, we are shifting focus toward further enhancing our uncrewed and remote operational capabilities, positioning us to seize opportunities—amongst others, within the defence sector—and realise additional operational efficiencies.
Our balance sheet remains strong, with no debt maturities until 2029.
As a result of our H1 performance, our mid-term 2027 revenue guidance of EUR 3 – 3.5 billion will be realised at a later stage. We confirm our mid-term 2027 targets for EBIT margin, free cash flow and ROCE.
Mid-term targets 2027
We have defined a set of ambitious mid-term financial targets, centred around profitability and cash flow generation.
Good governance
We’re committed to integrity, transparency, accountability, and proper supervision.