Mark Heine
Chairman of Management Board & CEO
Good morning. Thank you for dialing in this morning. This is Mark Heine, CEO of Fugro. I’m together here with Barbara Geelen, our CFO. I would like to give you a short update before we open up for questions on the press release that we had to issue this morning.
Unfortunately, Fugro has to withdraw its financial guidance for the full year 2025, and this is following significant changes in the market conditions, specifically focused on what has happened over the last recent weeks. We still expect a notable improvement in the second half of the year compared to the first half of the year, but the previously anticipated 20% revenue growth is no longer realistic.
And this is all to do with projects that have been postponed and some also descoped and moved to 2026. We will provide a further update at our normal Q3 trading update on the 31st of October. And therefore, we’ll try to answer as many questions as we can, but we’ll probably keep it quite short and refer also to the normal update that will come out soon.
The recent developments, obviously, are visible in offshore wind, and you have seen all the news. But moreover, we see the impact in the oil and gas market, where we still expect that
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