Fugro presents strategy update Towards Full Potential


14 Nov 2023 07:00 CET


Leidschendam, the Netherlands

Major global trends bolster Fugro's profitable growth ambitions towards 2027

  • Increasing need for Geo-data insights in the energy, infrastructure and water markets leads to significant opportunities

  • Fugro is well positioned as the global Geo-data leader to take advantage of the energy transition, massive infrastructure investments and climate change adaptation

  • Updated strategy centred around three priorities:
    - Grow and transform current business
    - Expand into developing segments
    - Increase recurring revenues with Geo-data as a service

  • Ambitions supported by updated financial targets for 2027:
    - EBIT margin of 11-15%
    - Free cash flow as percentage of revenue of 6-9%*
    - Return on capital employed >15%

  • Efficient asset management with disciplined capital allocation focused on:
    - Investment in gradual shift of its asset base towards asset lighter and low carbon solutions, while ensuring sufficient capacity for future demand
    - Strong balance sheet
    - Annual dividend payments

Mark Heine, CEO: “Over the past years, we have successfully transitioned into a resilient, highly diversified company with significantly improved results. We have created a solid foundation for future growth and we are ready to capture the exciting opportunities in our markets.

We are living in rapidly evolving times with big societal challenges, resulting in strong demand for Geo-data. Fugro has been supporting clients across the globe for over six decades by turning data on (sub)surface conditions into practical insights for safe and efficient design, construction and maintenance of assets. With our unique map, model and monitor solutions we offer project critical insights into the built and natural environment, in line with our purpose to help create a safe and liveable world and our pledge to support UN’s Sustainable Development Goals.

Fugro’s updated strategy builds on our highly skilled people, market-agnostic assets and innovative scalable technology. Whilst capturing the growth in our markets, we will continue to implement more efficient and safer ways of working, with lower emissions, and a faster and better delivery of our value-adding solutions.”

Press release

Fugro presents strategy update Towards Full Potential

*Cash flow from operating activities after investing activities, as percentage of revenue, before leases

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Catrien van Buttingha Wichers

Director Investor Relations

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Serge van de Ven

Director Corporate Communications

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