Fugro's ongoing expansion in the offshore wind sector helped boost revenue to almost €435m in the third quarter of 2018, up over 19% on the €364m posted in the same period last year.
The company experienced revenue growth in both its marine and land divisions, however, delays in the start of projects hit Fugro's Geoscience unit.
Only one geoscience crew was active in the third quarter, it said. Two other crews are expected to start operations during the fourth quarter of the year, Fugro added.
Fugro chief executive Mark Heine said: “I am pleased to report the third consecutive quarter of top-line growth driven by the ongoing expansion of offshore wind developments and recovery of the global oil and gas market.”
“In our early cyclical marine site characterisation activities we are experiencing sharp growth and improving prices, resulting in strongly improved profitability.”
Source:renews
