KBC cuts target for Fugro stock from EUR 11.50 to EUR 9.00
Published on 10/18/2026 at 12:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget cut and reporting dates
- KBC lowered Fugro's target from EUR 11.50 to EUR 9.00 on October 13, 2026.
- First-half revenue reached EUR 920.50 million through June 30, 2026, while net income was minus EUR 62.10 million.
- Fugro's third-quarter trading update is scheduled for October 30, 2026.
Fugro (ISIN NL00150003E1) faces a lower analyst valuation after KBC Securities cut its target from EUR 11.50 to EUR 9.00 on October 13, 2026, while keeping a Hold rating, according to Beleggen.nl. The report placed the weaker order book and delayed offshore wind recovery at the center of the reassessment.
Target falls as orders weaken
KBC analyst Kristof Samoy said Fugro's order book fell 14.00 percent in the second quarter to EUR 1.28 billion. Renewable energy orders dropped 47.00 percent, while oil and gas orders declined 8.00 percent, according to Beleggen.nl.
What does the target cut imply?
The assessment points to pressure on profitability. KBC lowered its adjusted 2026 EBITDA estimate to EUR 236 million from a consensus of EUR 284 million, a gap of EUR 48 million. Fugro had also withdrawn its 2026 margin expectation, with an offshore wind recovery expected no earlier than the second half of 2027, the report said.
Fugro's first-half 2026 revenue reached EUR 920.50 million, while net income was minus EUR 62.10 million. Operating cash flow was EUR 29.80 million for the period, according to Ideal Investor.
Reporting dates set the next test
Fugro's next scheduled company event is its third-quarter 2026 trading update on October 30, 2026, at 7:00 a.m. CET. The company also lists full-year 2026 results for March 4, 2027, according to its Fugro investor page.
Market value reflects the pressure
Fugro had a market capitalization of EUR 814.4 million as of October 16, 2026. Its reported 52-week range was EUR 6.99 to EUR 12.84, putting the valuation nearer the lower end of that span than its high.
Fugro's business serves energy, infrastructure and water clients through geospatial data services and remote operations. The combination of a EUR 48 million estimate gap and a 14.00 percent order-book decline gives the October 30 update a clear financial test.
The further course of trading is shown by the continuously updated real-time quote of Fugro stock.
Fugro at a glance
- Company: Fugro N.V.
- ISIN: NL00150003E1
- Ticker: FUR.AS
- Primary exchange: Euronext Amsterdam
- Market capitalization: EUR 814.4 million (as of October 16, 2026)
- 52-week range: EUR 6.99-EUR 12.84 (as of October 16, 2026)
Market context: Market report AEX.
