Fugro NV shares tumbled nearly 9% on Friday as the surprise departure of its CFO overshadowed strong but challenging full-year results, highlighting the market's sensitivity to leadership changes at a company struggling with offshore wind headwinds.

Despite a 19% revenue drop to €1.85 billion and a 71% YoY plunge in adjusted EBIT to €90.9 million, the Dutch geo-data specialist beat analyst expectations by €7 million. The company declared €120 million in annualized cost savings through a 10% workforce reduction of 1,050 employees, yet the CFO's exit overshadowed these efforts, reflecting investor concern over stability. Fourth-quarter EBIT fell 92% to €5.5 million due to a difficult winter season.

CEO Mark Heine acknowledged the transition, stating the company is "leaner, more focused and more resilient" after cost-cutting, while forecasting margin improvement and lower capital expenditure (€150-165 million vs €248 million in 2025). Early signs of offshore wind recovery in Europe offer cautious optimism, though the 9.8% share drop underscores the immediate market impact of the leadership change.