Fugro Sees Revenue Stabilising In 2018 As Oil And Gas Market Steadies



Reuters

Feb 22 (Reuters) - Dutch deep-sea energy prospector Fugro said on Thursday it expects revenue to stabilise in 2018 as a result of the steadying oil and gas market.

For 2018, it said it also expects an improved EBIT margin and positive cash flow from operating activities after investments.

The company reported full-year 2017 core profit (EBITDA), excluding exceptional items, of 100.8 million euros, down 46.8 percent.

(Reporting by Alan Charlish; Editing by Sunil Nair)



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