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Fugro N.V. (OTCPK:FUGRF) Q3 2025 Sales Call October 31, 2025 4:30 AM EDT
Company Participants
Catrien van Buttingha Wichers – Director of Investor Relations
Mark Heine – Chairman of Management Board & CEO
Barbara P. Geelen – CFO & Member of Board Management
Conference Call Participants
Luuk Van Beek – Banque Degroof Petercam S.A., Research Division
David Kerstens – Jefferies LLC, Research Division
Philip Ngotho – Kepler Cheuvreux, Research Division
Jeremy Kincaid
Thijs Berkelder – ODDO BHF Corporate & Markets, Research Division
Quirijn Mulder – ING Groep N.V., Research Division
Thomas Martin – BNP Paribas, Research Division
Presentation
Catrien van Buttingha Wichers
Director of Investor Relations
Good morning, everyone. I’m Catrien van Buttingha, Fugro Investor Relations. Thank you for attending this Q3 Trading Update Webcast and Analyst Call. [Operator Instructions] Mark Heine, CEO; and Barbara Geelen, CFO. I think that, that will last around 20 minutes or so and thereafter, there will be room for your questions.
Mark, I’d like to hand over to you now, please.
Mark Heine
Chairman of Management Board & CEO
Yes. Thank you, Catrien. Good morning, good afternoon, everyone. Welcome to the Q3 2025 trading update. So we start with the first slide and have a look at the key financial headlines of our results.
The year 2025 has turned out to be a difficult year up to now with lower revenue against a very volatile market backdrop, something I will elaborate on a little bit more shortly. Still, the third quarter did show an anticipated performance improvement compared to the first half of the year, and we’re now at 12.9% for Q3. The EBIT margin reflects a notable improvement, obviously, compared to the first quarter where we have a margin around 0 and a 4.3% margin in the second quarter.
Compared to Q3 2024, however, the decline was primarily driven by a lower
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