Fugro HY 2016: Ongoing decline oil & gas market continues to impact results

Fugro revenues were down over 25 percent in HY 2016

Fugro released their financial results for HY 2016. I’m going to guess that’s the Dutch equivalent of FY 2016. It’s been a tough year for them it looks like, thanks largely to the depressed oil and gas market. Their sales revenues were down over 25 percent from 2015. [Source: Read the full press release from Fugro.com. Image: Fugro]