Fugro: 2015 Results – Strong cash flow and debt reduction
Highlights full year EUR 314.7 million cash flow from operating activities after investments driven by improved EBIT margin, curtailed investments, lower working capital, sale of multi-client data library, and sale and lease back of a vessel. EBIT margin (before exceptional items) increased from 3.2% to 4.8% due to strong improvement …
Fugro: Brice Bouffard Elected to the Board
Brice Bouffard (45) most recently worked at Weatherford, a large US based multinational oilfield services company, where he held positions first as Global Vice President Petroleum Consulting and later as Global Vice President Wireline and Testing, a large business with activities in more than 50 countries. Prior to Weatherford, he …
Fugro Divests Multi Client Seismic to Spectrum ASA
Fugro has signed an agreement to divest its multi-client data library to Spectrum ASA, a Norwegian multi-client seismic data specialist supplying the global oil and gas industry with sub-surface imagery on a non-exclusive basis, for a cash consideration of US$ 115 million (approximately EUR 100 million) The multi-client library business …