Fugro NV 2016 Annual Report with Sustainability Disclosures
Company: Fugro NV
Sector: Professional & technical services
Country: Netherlands
Year: 2016
Type: Annual Report with Sustainability Disclosures
Pages: 196
The report describes a severe 2016 downturn in Fugro's oil-and-gas market, with revenue declining and continued pressure on work volumes and pricing. The company responded through cost reductions, capacity changes, positive cash flow after investments and significant debt reduction. Its sustainability section established a materiality matrix based on stakeholder engagement and economic, environmental and social topics. Safety performance remained a major concern after one fatal incident during the year.
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