Fugro provides financial update for the first quarter of 2025
Rapidly increased geopolitical and economic uncertainties are influencing client investment behaviour worldwide. This adds to the challenges posed by adverse developments in the US market, in particular in offshore wind. As a result, Fugro expects to report lower revenue and EBIT compared to a strong first quarter of 2024. By implementing measures to protect our profitability, we remain confident that we will deliver within our mid-term EBIT margin target range of 11-15% for the full-year 2025.
