Sunday 28 May 2017

Fugro annual report 2016

Front page of the annual 2016 report from Fugro

For the report in full please go here and to see my previous summary then visit Fugro annual report 2016 and to find out more about Fugro then please click on analysis of Fugro 2016.

In the financial statement below it becomes very clear that the struggle for Fugro is not yet over. Revenue was down by almost -25% to 1.8 billion €. Their backlog keep decreasing year after year as do the equity that was built up from retained earnings. For the full year they reported a loss in the size of 300 million €.

Financial statement for Fugro 2016

Conclusion: The tough life continues for Fugro even though the energy companies have started to show some positive values. To me the question becomes how long behind the service companies will be lagging and have some of them started to throw in the towels? I will remain a grumpy shareholder.

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