Fugro NV (OTCPK:FUGRF)

$ 23.75 2.05 (9.45%) Market Cap: 1.93 Bil Enterprise Value: 2.06 Bil PE Ratio: 7.30 PB Ratio: 1.42 GF Score: 73/100

Q1 2019 Fugro NV Trading Update Call Transcript

Apr 26, 2019 / 06:00AM GMT

Release Date Price: $20.8

Transcript

Operator

Good day and welcome to the Fugro First Quarter Trading Update 2019 Analyst Investor Call. (Operator Instructions). Today's conference is being recorded. Mark Heine, Fugro's CEO, and Paul Verhagen, CFO, will start today's call with a short presentation after which there will be time for questions. At this time, I would like to turn the conference over to Mark Heine. Please go ahead, sir.

Mark R. F. Heine

Fugro N.V. - Chairman of Management Board, Director of Marine Division & CEO

Thank you for participating in this call. As said, we first have a short presentation and afterwards we are happy to your questions.

I would like to start with the first slide and move forward with the highlights of the first quarter. This quarter we realized a revenue growth of 9.3%, mainly in offshore wind and oil and gas markets. We are also benefiting from higher revenue in new growth markets whilst in land business the asset integrity services are picking up. Despite continued growth of revenues EBIT in the quarter was below last year, improved results in Marine Site

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