Ackermans & van Haaren: Good Start in 2014 for DEME

Ackermans & van Haaren, a diversified group active in 5 key segments: Marine Engineering & Infrastructure, Private Banking, Real Estate, Leisure & Senior Care, Energy & Resources and Development Capital, has announced its interim financial report for the first quarter of 2014.

Marine Engineering & Infrastructure

DEME

DEME (AvH 60.40%) made a good start in 2014 with an increase in economic turnover to 600.5 million euros compared to 525.1 million euros in the first quarter of 2013. As a result of the application, as of 2014, of the new accounting standard IFRS 11, the consolidated turnover will amount to 549.0 million euros.

The order book amounted to 2.8 billion euros at the end of March (compared to 3.0 billion euros at year-end 2013). DEME remains fairly optimistic about the prospect of adding new orders to this order book. In Singapore, the implementation of the Jurong Island Westward Extension contract was begun. The execution of the large projects in Qatar and Australia goes according to plan.

In the first quarter of 2014, GeoSea launched the installation works of the Westermost Rough wind farm (210 MW), 9 km off the coast of Hull (United Kingdom).

CFE

CFE (AvH 60.40%) realized a turnover of 269.4 million euros (excluding DEME). This is a 29% increase which is primarily attributable to a higher turnover in the construction division.

On 11 February 2014, as a result of exceeding the 30% threshold of the voting shares of CFE, AvH launched a mandatory public bid for all publicly held CFE shares. The public bid was launched at the same price as the issue price of the capital increase of CFE, i.e. 45 euros per share.

As was expected, only a limited number of shares were offered at the closing of the bid on 5 March 2014.

More info

Press Release, May 16, 2014

Share this article

Follow Dredging Today

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

Eastern Chapter WEDA Fall 2019 Conference

Wednesday (10/16/19) afternoon will start the program with an opportunity to take the Dredging 101 course.

read more >

22nd World Dredging Congress & Exposition (WODCON XXII)

The event is being organized by the World Organization of Dredging Associations (WODA), China Dredging Association (CHIDA) and Eastern…

read more >

Wave Action on Coastal Structures

This course will teach the theory and methods necessary for delivering alternative solutions to coastal problems.

read more >

IADC SEMINAR ON DREDGING AND RECLAMATION IN DELFT

This five-day course strives to provide an understanding through lectures by experts in the field and workshops…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply