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Home » Uncategorized » Boskalis toasts strong 2022
Finance

Boskalis toasts strong 2022

SaraBy SaraMarch 9, 20232 Mins Read
Tough year for Boskalis

Boskalis reported a 30% increase in EBITDA to €604m in 2021, compared with €462m in 2021.

Operating profit increased by 36.6% to €271m in 2022, compared with €199m in 2021.

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In the company’s Offshore Energy business, revenue increased by 14% on a 33% higher EBITDA.

As a result of a quiet year at Subsea Cables, revenue and earnings from the contracting business declined.

This decline was offset by the services cluster, with Marine Transport & Services, Subsea Services and Marine Survey all having a very strong year.

Boskalis CEO Peter Berdowski said: “Offshore Energy had a good year despite the turmoil in the energy market.

“We were busy in the offshore wind market in Taiwan, France, Germany and the United States.

“Mid-2022 we also commissioned our newest crane vessel the Bokalift 2. This is now being modified in Rotterdam, after which she will leave for three wind projects in the United States.

“Our latest additions to the company, Marine Survey and Subsea Services, had a strong year. At Marine Survey we are seeing strong growth in demand in the offshore wind sector and at Subsea Services in the decommissioning market for old offshore installations.

“Looking ahead, I am proud to state that our offshore order book not only reached a record high, but that 75% of the backlog is comprised of renewable energy projects.

“We recently acquired our 100th offshore wind farm project and we have been involved in the realization of nearly half of all offshore wind farms worldwide over the past decade.”

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