Nog meer banen weg bij Fugro

5 augustus 2016 – Bodemonderzoeker Fugro moet meer mensen ontslaan. Na de al aangekondigde 600 banen  worden nu nog eens 400 geschrapt wegens slechte resultaten in de eerste helft van 2016.

Doordat opdrachtgevers door de malaise in de olie- en gasindustrie opdrachten schrappen of uitstellen kelderde bij Fugro de omzet met 27% en werd er een nettoverlies van 202 mln euro geleden.
Fugro stoot alle onderwateractiviteiten nu af.
Het bedrijf verwacht volgend jaar wel een herstel voor de olie- en gasindustrie, maar weet niet wanneer het daar dan zelf van kan profiteren.

Uit het persbericht van Fugro
‘(…) Paul van Riel, CEO: ‘In the first half of this year, budgets of our oil & gas clients again declined significantly, with new projects being deferred or cancelled and strong price pressure as a result of overcapacity. We are continuing to adjust our cost base and capacity to market reality. This enables us to largely counter the lower volumes; the strong rate reductions, however, result in severe margin pressure. The building, infrastructure and power markets continue to provide good opportunities except in the countries that are hit hard by low oil and gas and other commodity prices. I am pleased that we reached an agreement on the divestment of our Asia Pacific subsea business. That fits in our strategy to focus on our core business while the minority stake we obtain in the acquiring entity allows us to participate in the benefits once the market recovers. Our key priorities remain generating positive cash flow to delever the balance sheet and a further strengthening of our market leading positions. The price reductions and efficiency gains throughout the supply chain are significantly lowering the oil price required to justify investments. In combination with increasing evidence that a balance between oil supply and demand will be achieved in the course of next year, this is expected to spur project approvals, also in a lower oil price environment. It is, however, still uncertain when this will have positive impact on our business.’ (…)’

Bronnen
Fugro, 4 augustus 2016: Ongoing decline oil & gas market continues to impact results
Foto: Fugro