. Differentiating by integrated digital Geo-data solutions
Today, Fugro presents the outcome of its strategy update ‘Path to Profitable Growth’ at its Capital Markets Day in Amsterdam.

Highlights
? Recovery of the oil and gas market and ongoing growth in offshore wind and infrastructure markets
create ample opportunities for Fugro.
? Fugro has transformed during the recent oil and gas downturn and is well positioned, as the world’s
leading Geo-data specialist, to capitalise on these market trends.
? ‘Path to Profitable Growth’ strategy is based on three objectives:
o Capture the upturn in energy and infrastructure
o Differentiate by integrated digital solutions
o Leverage core expertise in new growth markets
? Disciplined execution will lead to significant improvements in Return On Capital Employed (ROCE),
EBIT and cash flow in the mid-term with an expected revenue level of EUR 2 – 2.5 billion.
Mid-term targets1
(2021-2023):
o ROCE 10 - 15%
o EBIT margin 8 - 12%
o Free cash flow 4 - 7% of revenue
? Capital allocation: priority to organic growth and deleveraging.


Mark Heine, CEO: “Today we present our updated strategy, which builds on our unique position as the world’s leading Geo-data specialist. Through integrated data acquisition, analysis and advice, we unlock insights from Geo-data to help our clients design, build and operate their assets in a safe and sustainable manner. Our clients value the deep expertise and commitment of our employees, our advanced technologies and assets, our integrated offering, high safety standards and global footprint. Through our integrated digital solutions we can support clients better, faster and more efficiently in dealing with the challenges of today’s world, like climate change and urbanisation.

We are ready to capture the upturn in the oil and gas market and the continued growth in offshore wind and infrastructure markets. The year 2018 marks the turning point in our results, driven by sharp growth and improving prices in our early cyclical marine site characterisation activities. Still, it is obvious that our results need further improvement. Our ‘Path to Profitable Growth’ strategy targets volume growth, while operating leverage, increased prices and improved productivity will push our margins. Applying robotics, digitalisation and advanced analytics will increase efficiency and allow for more remote, lightly manned and autonomous operations, reducing field exposure and increasing safety.

We as team Fugro look forward to working with our clients and other stakeholders to implement our strategic road map, leading to profitable growth in the years ahead.”

see & read more on
http://files.smart.pr/a9/cd77f0e75d11e88c94d51cedeec544/181114-Fugro-press-release---Fugro-presents-_Path-to-Profitable-Growth_.pdf

tijd 09.10
Fugro EUR 10,455 +14ct vol. 87.000