Ackermans & van Haaren: Interim Statement First Quarter 2013
Ackermans & van Haaren has announced its interim financial report for the first quarter of 2013.
In Belgium, the works for the offshore wind farm of Northwind were started up, while those for the third phase of C-Power continued. Several other large sites where DEME (AvI I 50%) will be active in 2013 (such as Now Doha Port, Wheatstone) were started up towards the end of the first quarter, which will lead to a good occupation of the fleet from the second quarter onwards.
DEME succeeded in winning several new orders in 1Q13 in dredging, environmental and tailpipe activities. At the end of the first quarter of 2013, the order book was worth 3,186 million euros (compared to 3,317 million euros at year-end 2012). In 2Q13, GeoSea won two major new contracts for offshore wind farms Westermost Rough in the United Kingdom and Borkum Riffgrund 1 in Germany.
At the end of January 2013, DEME successfully issued a retail bond for six years with a gross annual interest rate of 4.145%. It was fully subscribed within one day up to the maximum amount of 200 million euros. The bonds are quoted on Alternext Brussels.
Press Release, May 15, 2013