Q1 2016 Trading update: Ongoing challenging oil and gas market continues to impact Fugro results
- Year-on-year revenue decline of 25.8% or 23.4% on a currency comparable basis, in line with oil and gas market developments.
- Negative low single digit EBIT margin in traditionally weak first quarter as a result of ongoing challenging market conditions.
- Positive cash flow from operating activities after investments (including proceeds from sale and lease back of a geotechnical vessel). …
