Fugro N.V. (0LNT) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

You have dialed into the Fugro Q3 trading update for the webcast. At this time, all participants are in listen and limo. Mark Heine and Barbara Geelen will present the results, which will take around 20 minutes. Thereafter, there will be time for questions. You will be put on hold until the start of the webcast. Thank you. © transcript Emily Beynon Thank you. Thank you. © transcript Emily Beynon Good morning. This is Katrien van Buitenkraai, Investor Relations Pugo. Thank you for dialing in to this webcast. I'm here with Mark Heine, CEO, and Barbara Geelen, CFO. They will present our third quarter trading update. It will take about 20 minutes, and thereafter we'd be happy to take and answer your questions. Mark, please go ahead. Thank you very much, Katrien. Good morning, everyone. Good afternoon, maybe for some of you. Welcome to the third quarter results webcast. So, as usual, we start with a bit of a brief overview of the headlines of the results. You have seen the header there. Quarter three, we have put an increased margin. A robust cash flow and also a further growth in the backlog. On the other hand, it's a bit of a two-sided story. On the one hand, we see strong growth in two regions, Europe, Africa being the largest region with most of our assets, where we see growth close to 10% with markets growing as before, and also in Asia Pacific where we see a more than 30% growth with growth across the board in various markets. And we'll come back on that a little bit later. On the other hand, we see our business in the Americas was held back by short-term market-driven challenges. Short-term, we will emphasize that later on as well. And in the Middle East, as you can imagine, we have the ongoing conflicts that have some impact on that region, also coming from a high...