Fugro NV 2016 AR2
The report highlights Fugro's performance and strategic progress during 2016, a year marked by a continued downturn in the oil and gas services market. To mitigate these challenges, the company adapted its capacity and cost base, reducing headcount by 12% and its vessel fleet by five, while successfully generating positive cash flow and reducing net debt. Fugro also restructured its operations into Marine and Land divisions to enhance client focus and service integration. Despite a challenging year with a reported net loss of EUR 308.9 million, the company continued to invest in key innovations and expanded its presence in renewable energy markets, such as offshore wind.
Company: Fugro NV
Sector: Professional & technical services
Country: Netherlands
Year: 2016
Type: AR2
Pages: 196
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Fugro NV
Annual Report
The report highlights Fugro's performance and strategic progress during 2016, a year marked by a continued downturn in the oil and gas services market. To mitigate these challenges, the company adapted its capacity and cost base, reducing headcount by 12% and its vessel fleet by five, while successfully generating positive cash flow and reducing net debt. Fugro also restructured its operations into Marine and Land divisions to enhance client focus and service integration. Despite a challenging year with a reported net loss of EUR 308.9 million, the company continued to invest in key innovations and expanded its presence in renewable energy markets, such as offshore wind.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Workplace Fatalities
Employees