Q1 2017 Trading update

2 mei 2017
Fugro

• Year-on-year revenue decline of 14.6% or 16.3% on a currency comparable basis, which is less severe than last year, reflecting continued underinvestment in the offshore oil and gas market
• Negative high-single digit EBIT margin (excluding exceptional items) in seasonally weak first quarter, compounded by the impact of challenging market conditions
• Net debt/EBITDA of 1.3 well below covenant requirement of under 3.0 …. [Persbericht]