Leading maritime company, Royal Boskalis B.V. (Boskalis), is celebrating a successful first half of 2023, marked by impressive financial growth.
Key Figures
- Revenue: EUR 1.97 billion (H1 2022: EUR 1.61 billion)
- EBITDA: EUR 370 million (H1 2022: EUR 292 million, incl. EUR 50 million gain)
- Net Profit: EUR 181 million (H1 2022: EUR 116 million, incl. EUR 37 million exceptional items)
- Order Book: EUR 6.0 billion (End of 2022: EUR 6.1 billion)
Revenue and Earnings Surge
Boskalis reported a remarkable 22% increase in revenue to EUR 1.97 billion, compared to the same period last year. EBITDA grew by 27% to EUR 370 million, reaching an impressive 53% growth when adjusted for a EUR 50 million book gain. Net profit soared by 56% to EUR 181 million.
CEO’s Perspective
Peter Berdowski, CEO of Boskalis, expressed satisfaction with the company’s operational and financial achievements, citing a strong revenue increase and net profit growth.
Diverse Achievements
The Dredging division thrived with busy activity in the Middle and Far East. Notable successes included progress on the Manila International Airport platform and the Fehmarnbelt tunnel. Boskalis also excelled in challenging salvage operations, preventing potential environmental disasters.
Boskalis’ Offshore Energy division showcased accomplishments such as the Bokalift 2 conversion and foundation installations for the Southfork wind project.
Positive Outlook
Boskalis maintains a sturdy order book of EUR 6 billion, instilling confidence in its future. The company’s strategic focus on both traditional offshore and offshore wind markets bodes well for 2024.
Commitment to Safety
Boskalis prioritizes safety through its NINA program, ensuring employees’ well-being. The company boasts a commendable safety record, with a low Lost Time Injury Frequency of 0.01 per 200,000 hours worked.
Financial Stability
Boskalis’ solid financial position is underpinned by a high solvency ratio of 49%. The recent repayment of its USD 297 million loan further enhances its stability.
Promising Future
Boskalis’ stable order book, valued at EUR 6.0 billion, positions the company for sustained growth. With a strong focus on offshore wind activities, Boskalis is well-prepared for continued success in 2024.
