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

Q3 2023 Fugro NV Trading Statement Call Transcript

Oct 26, 2023 / 08:00AM GMT

Release Date Price: $15.2 (-0.33%)

Transcript

Catrien van Buttingha Wichers

Fugro N.V. - Director of IR

Good morning, everybody. This is Catrien van Buttingha Wichers, Investor Relations. Thank you for dialing in to this call. We are here to talk about our Q3 trading update, a brief presentation from Mark Heine, CEO; and Barbara P. Geelen, CFO. And after about 15 minutes, there will be room for your questions. Mark, please go ahead.

Mark Rembold Frodo Heine

Fugro N.V. - Chairman of Management Board & CEO

Yes. Thank you, Catrien. Also very welcome from my side by this Q3 2023 trading update call. If we can go to the first slide.

Highlights of the Q3 2023 performance. Obviously, we are excited that we can report another set of strong results with the revenue going up 32.6%. We are clearly successful in capturing the high client demand that we see, particularly in the energy markets.

We also can state that we realized again a substantially higher revenue in renewables, which is offshore wind. And that is now representing 1/3 or more than 1/3 of the group revenue year-to-date.

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