Revenues rose 1% to €3.2 billion while ebidta climbed 25% to €946 million for the Papendrecht, Netherlands-based contractor, which had forecast annual net profit of €450 million in November.
Boskalis chief executive Peter Berdowski said that the company has strengthened its balance sheet thanks to the year’s strong results and is well positioned into a turbulent period.
“The current market environment offers a mixed picture, with stability for both dredging & inland infrastructure and towage, but challenging conditions for offshore energy in the capacity-driven spot markets, especially at subsea services as well as parts of transport,” he said.
Marine
