ENXTAM:FURConstruction
Will Offshore Wind Headwinds and Cautious Clients Change Fugro's (ENXTAM:FUR) Narrative?
Fugro recently reported stronger-than-expected core earnings, but management cautioned that difficult offshore wind market conditions and cautious spending by energy companies are likely to weigh on fourth-quarter performance.
CEO Mark Heine highlighted that the deterioration in the offshore wind sector and disciplined cash management by energy clients could have a significant impact on the company’s near-term outlook.
With management warning of pressure from the offshore wind market, let's...