Bart Meerdink schreef op 28 februari 2025 09:32:
Reuters heeft een wat negatiever klinkend stukje, voor wie zich afvraagt waarom de koers niet hoger staat:
Fugro warns of U.S. headwinds weighing on 2025 revenue
08:05 28/02/2025 Fugro NV
By Alban Kacher and Anna Peverieri
Feb 28 (Reuters) - Dutch geological data specialist Fugro said its fourth-quarter revenue was affected by political uncertainties in the U.S., with further setbacks anticipated over the coming year.
Fugro, which provides geotechnical, survey, subsea and geosciences services, recorded fourth-quarter revenue at 587.8 million euros ($610.37 million), slightly below market expectations of 589 million euros, as it faced headwinds in the Americas, Middle East and India.
In the Americas, which makes up 22% of the group revenue, sales were down 11.5% organically in the fourth quarter at 137.8 million euros, due to uncertainty associated with U.S. elections and potential policy changes, impacting the geophysical business line in particular.
"In addition, the slow restart of North American LNG business continues to impact nearshore activity in the Gulf of Mexico and the US," the group said in a statement.
In November Fugro reported a muted performance in the Americas and Middle East regions, citing the postponments of projects in the U.S.
CEO Mark Heine said then he expected the U.S. presidential elections to unlock multiple projects that had been put on hold.
Fugro expects its 2025 earnings before interest and taxes (EBIT) margin to come in a range of 11% to 15%. The group anticipates the setbacks on the U.S. market to weigh on revenue growth, especially in the first half of the year.
It posted adjusted EBIT at 71.8 million euros in the fourth quarter, ahead of a company-compiled consensus of 54 million euros.
The group also said it will propose a dividend of 0.75 euro per share, an 87.5% increase compared with a year ago.
(Reporting by Anna Peverieri and Alban Kacher; Editing by Himani Sarkar, Mrigank Dhaniwala, Philippa Fletcher)