Fugro posted both improved revenue and earnings in 2018, compared with the previous year, helped by a growing presence in the offshore wind sector.
Earnings before interest, tax, depreciation and amortisation (EBITDA), excluding exceptional items, were €117.8m last year, up from €100.8m in 2017.
Revenue in 2018 was €1650m compared with €1497m for the previous year, growth of 19.2% compared with 13.2% in 2017.
The company said all its divisions showed growth, particularly marine.
Marine revenue was almost €1.1bn last year, up from just over €947m in 2017.
Chief executive Mark Heine said: “The year 2018 marks a turning point in our results.We have benefited from the gradual recovery of the oil and gas market and the ongoing expansion of offshore wind, which were the key drivers behind the sharp growth and improving prices in early cyclical marine site characterisation activities.
“This resulted in a strong increase in revenue and profitability, partly offset by disappointing results in Seabed and lagging profitability of our late cyclical marine asset integrity services.”