Fugro Withdraws Financial FY Guidance, Plans Additional 300 Job Cuts

Fugro NV FUR:

• WITHDRAWS FINANCIAL GUIDANCE FOR 2025

• STILL SEES H2 TO SHOW A NOTABLE IMPROVEMENT COMPARED TO H1

• PREVIOUSLY ANTICIPATED 20% REVENUE GROWTH IS NO LONGER REALISTIC

• PROJECTS POSTPONEMENT RESULTS IN ESTIMATED REVENUE IMPACT OF AROUND EUR 100 MILLION

• IMPLEMENTING ADDITIONAL REDUCTION OF 300 FTE, ON TOP OF THE EARLIER COMMUNICATED 750 FTE

• ADDITIONAL COST REDUCTION MEASURES WILL START TO TAKE EFFECT IN LATE 2025, WITH FULL IMPACT EXPECTED TO BE REALISED IN 2026

• TO PROTECT FCF, COMPANY WILL SIGNIFICANTLY REDUCE CAPEX FOR 2026