Good Third Quarter for Boskalis

Royal Boskalis Westminster N.V. said that they have realized a good third quarter.

Quarterly revenue slightly exceeded the average quarterly revenue in the first half of the year. Cumulative revenue for the past three quarters was stable compared to the same period last year when adjusted for (de)consolidation and currency effects.

In line with expectations, operating profit for the third quarter was lower than the exceptionally high average quarterly result achieved in the first half of the year, which was characterized by a high fleet utilization and exceptionally good project margins.

Operating profit was also lower than the level achieved in the third quarter of last year which was positively impacted by substantial settlement results on old dredging projects.

The outlook for the remainder of the year is unchanged and the full-year net profit forecast has therefore been maintained. Boskalis expects 2015 to be another good year, with a full-year net profit, including their stake in the result of joint ventures and associated companies, below the record level realized in 2014 (EUR 490 million).

Operational developments

In dredging, the third quarter was again good after an exceptionally strong first half of the year.

The revenue was at a high level as a result of a strong hopper fleet utilization that even exceeded the level achieved in the first half of the year, with the large trailing suction hopper dredgers nearly fully utilized.

After a fully utilized cutter fleet in the first half of the year, part of the fleet was idle for scheduled maintenance. The results and margins of ongoing projects were good across the board.

In the third quarter projects were taken on in the Netherlands (Marker Wadden, Markermeerdijken, IJmuiden sea lock), the Middle East and Central and South America, among other places.

Due in part to the completion of the Suez Canal project the order book fell around 3% compared to mid-2015.

 

Share this article

Follow Dredging Today

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 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

3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

read more >

Jobs>

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

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