Fugro Sees Revenue Stabilising In 2018 As Oil And Gas Market Steadies | Gulf Coast Oil Rig Equipment & Repair
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 BOP Blow Out Preventer repair company gulf coast 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)