Boskalis’ offshore energy unit reported €223m in earnings before interest, tax, depreciation and amortisation (EBITDA) in 2021, up from €194m in 2020.
Revenue from the offshore energy segment amounted to €1.27bn in 2021, compared with €1bn in 2020, of which 46% was related to offshore wind (41% in 2020).
Contracting revenue increased slightly compared to last year with an underlying strong growth in the renewables revenue.
Within heavy lifting, the revenue level increased sharply with numerous offshore wind projects in Taiwan and Europe contributing to this development, stated Boskalis.
The installation of the first pin piles and jackets for the Changfang & Xidao project in Taiwan with the Bokalift 1 commenced in 2021.
Progress on projects in Taiwan was affected by continued stringent COVID-19 measures and associated operational disruptions.
Subsea cables saw its largest revenue contribution came from the cable projects Ostwind 2, Hornsea 2 and Morray East.
Boskalis chief executive Peter Berdowski said: “In Offshore Energy, our biggest project currently in execution is in Taiwan, where we are constructing two offshore wind farms.
“Our newest crane vessel, the Bokalift 2, will start working there in the coming months and she is lined up to continue work on subsequent offshore wind projects thereafter.
“This illustrates the considerable size and opportunities the offshore wind market holds for Boskalis, as long as we continue to be selective.
“The activities acquired from Rever Offshore at the end of 2020 have been fully integrated into our Subsea organisation and made an excellent contribution to the result.
“Last year we saw that Survey, Seabed Intervention and Marine Transport are in an excellent position to increasingly serve the offshore wind market in addition to our traditional offshore clients.
“With the award of a sizable offshore wind installation project off the east coast of the United States, the share of offshore wind projects is expected to increase further in the coming years.”
In other news HAL Holding announced, this morning, an intended voluntary public offer of €32.50 per ordinary share for all issued ordinary shares in the capital of Boskalis.
Boskalis said its board of management and supervisory board will carefully consider all aspects of the proposed offer in accordance with their fiduciary duties.
Boskalis will update the market if and when appropriate.