Boskalis has posted a “historically” good first half of the year, with net profit up to €298m from €181m in the same period last year.
In the company’s offshore energy division, revenue increased on higher earnings before income tax, debt, and amortization (EBITDA).
Approximately half of the revenue was related to offshore wind projects. In the United States, the crane vessels were busy installing monopile foundations that had previously been delivered by our heavy transport vessels, the company said.
In Europe, the cable-laying vessels were working on projects including Hollandse Kust West Beta (Netherlands) and Borkum Riffgrund 3 & Godewind 3 (Germany).
“At Offshore Energy, we have invested heavily in recent years in equipment that can be deployed in both the offshore wind market and the traditional fossil energy market,” Boskalis CEO Peter Berdowski said.
“This has given us a strong position in the lifecycle chain from development, installation and maintenance to decommissioning of offshore structures.”
In addition to profit increases, overall revenue was up to €2.07b from €1.97 a year ago, while the company’s order book was down to €5.3b from €6b last year.
“The volume of work in the order book is still at a healthy level. With 5.3 billion euros of work in the portfolio and a strong financial position, we look to the future with confidence,” Berdowski said.