Company profits were down from the €311 million generated in 2010, while revenue was higher in 2011, to €2.8 billion from €2.7 billion the year before.
The dredging and maritime infrastructure services company put the revenue increase down to consolidation of the remaining Smit assets, with higher revenue generated from its Dutch, African, Australasian and American interests.
The dredging and maritime infrastructure services company said its markets were driven by growth in global trade and energy consumption, but the company was seeing stagnation of demand in the short term.
“Given
