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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Fugro N.V.    FUR   NL0000352565

FUGRO N.V.

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Fugro N : wins 3-year ProRail framework contract for geotechnical investigations

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05/28/2020 | 04:58am EDT

Within the framework contract, Fugro will be working closely with ProRail to identify and develop innovative solutions, such as faster cone penetration test (CPT) techniques, that will increase efficiencies and reduce the overall number of line closures.

Fugro has been working with ProRail on rail safety and efficiency for more than 10 years and their geotechnical investigations, such as CPTs, drilling and laboratory testing, provide vital insight into the subsurface conditions of the rail lines. The Geo-data acquired from Fugro's investigations also help reduce delays and geotechnical risk during renewal works.

ProRail's Geotechnical System Specialist, Stephan van Eeten, said: 'This framework agreement gives ProRail and the contract holders the flexibility to execute geotechnical projects quickly whilst still delivering high-quality investigations. The agreement also encourages our partners to innovate with creative solutions in response to the changing needs of our network.'

Leonard Sands, Fugro's Director for Land Site Characterisation in Europe and Africa, said: 'This contract aligns with Fugro's rail strategy. In conjunction with other ongoing framework contracts, it is a great opportunity for Fugro to offer ProRail the benefits of our expertise to contribute to broader issues such as the growing number of rail passengers.'

Disclaimer

Fugro NV published this content on 28 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 May 2020 08:57:00 UTC

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Financials
Sales 2020 1 474 M 1 664 M 1 664 M
Net income 2020 - - -
Net Debt 2020 594 M 671 M 671 M
P/E ratio 2020 -2,35x
Yield 2020 -
Capitalization 314 M 355 M 355 M
EV / Sales 2019
EV / Sales 2020 0,62x
Nbr of Employees 9 652
Free-Float 94,8%
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Mean consensus HOLD
Number of Analysts 4
Average target price 5,91 €
Last Close Price 3,55 €
Spread / Highest target 280%
Spread / Average Target 66,4%
Spread / Lowest Target -52,1%
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Mark R. F. Heine Chief Executive Officer
Harrie L. J. Noy Chairman-Supervisory Board
Paul A. H. Verhagen Chief Financial Officer
Jan Carel Maarten Schönfeld Vice Chairman-Supervisory Board
Antonio Jose Campo Mejia Member-Supervisory Board
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