Dutch surveyor Fugro has conceded it will not be able to make its full-year financial forecasts.
“While we still expect the second half of 2025 to show a notable improvement compared to the first half, the previously anticipated 20% revenue growth is no longer realistic,” the company stated in a release today, citing many postponed projects, which have wiped around EUR100m of revenues.
Given the uncertainties, Fugro has decided to withdraw its financial guidance for the full year 2025. Acost reduction programme is underway.
