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Home » Uncategorized » Boskalis first half profits rise to €181m
Finance

Boskalis first half profits rise to €181m

SaraBy SaraAugust 17, 20232 Mins Read
Boskalis' new crane vessel Bokalift 2 has set sail to its first offshore wind transport and installation assignment in Taiwan

Net profit at Boskalis for the first half of 2023 increased by 56% to €181m, compared with €116m in the first half of 2022.

The result includes €37m in exceptional gains and losses.

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Within the company’s offshore energy division, revenue increased by 50%, while earnings before interest, tax, depreciation and amortisation rose by almost 70%.

A busy first half of the year was also reflected in a high use of large vessels.

Within the heavy lifting sub-division, the installation of the foundations of the Changfang & Xidao offshore wind project in Taiwan was completed by the crane vessel Bokalift 1.

In the United States Boskalis’ new crane vessel Bokalift 2 successfully installed all the planned monopiles at an offshore wind site.

Boskalis chief executive Peter Berdowski said: “Our Offshore Energy division was also active on numerous projects and contracts in all corners of the world.

“All our business units were busy and the vessels were well utilised.

“Earlier this year we completed the conversion of the Bokalift 2, our newest offshore crane vessel, in Schiedam, the Netherlands.

“Following the conversion she departed late May for her first wind project, Southfork in the United States. Since then, all the foundations for this project off the coast of New York have been successfully installed.

“Furthermore in Taiwan, we recently completed a large multi-year offshore wind project.

“Looking at the past six months, we can conclude that the strategic course we set several years ago to serve both the traditional offshore market and the offshore wind market is clearly bearing fruit.”

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