Van Oord, a leading international contractor specialising in dredging, marine engineering and offshore projects, published its annual report 2013 today.
“Our company had a better year in 2013 than in 2012. We closed the year with the slightly lower turnover of EUR 1,641 million (2012: EUR 1,676 million). At EUR 130 million, our net profit was considerably higher than in 2012 (EUR 98 million), and our order portfolio was also better than in the previous year. Our net profit was positively affected by the settlement of a number of outstanding claims in Dubai dating from 2005-2008,” said CEO Pieter van Oord.
The past year was dominated by difficult market circumstances.
“The order portfolio grew slightly to EUR 1.944 billion (2012: EUR 1.924 billion). After many years of negotiations, we reached agreement with our Dubai client Nakheel about the amount to be paid for extra work carried out in the past. Our fleet modernisation program focuses not only on technical and economic equipment innovation but also on reducing CO2 emissions within the context of our sustainability policy,” said the Executive Board’s Report.
Press Release, April 25, 2014