Descripción
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Fugro’s updated strategy, “Building on Strength”, is fully focused on improving profitability, return on capital and cash flow generation, while protecting our strong leadership positions.
The oil and gas markets, representing around 75% of Fugro’s revenue, has compelling long- term potential but challenging medium-term conditions. In 2014 we have been faced with a rapid deterioration of the oil and gas markets resulting in project delays, postponements and cancellations, as IOCs and large independents cut back on investments, exacerbated by the significant drop in oil price.
- Review options for underperforming or subscale businesses
- Implement stepped-up performance improvement programmes across all divisions
- Continue our efforts towards organisational simplification and standardisation
- Focus on cash generation, by significantly scaling down investments and implementation of a working capital improvement program.
Más información sobre este producto consulte en: http://www.fugro.com/about-fugro/group-overview/our-strategy
