Boskalis Reports Strong Growth in Half Year Figures for 2022
Key figures for first 6 months (H1) of 2022
- Revenue: EUR 1.61 billion
- (H1 2021: EUR 1.32 billion)
- EBITDA: EUR 292 million including EUR 50 million exceptional gain
- (H1 2021: EUR 226 million)
- Net profit: EUR 116 million including EUR 37 million exceptional items
- (H1 2021: EUR 72 million)
- Order book: EUR 5.37 billion
- (End of 2021: EUR 5.41 billion)
Royal Boskalis Westminster N.V. (Boskalis)) reports the conclusion of a strong first half year 2022. The utilization of the large vessels was high and with a strong increase in revenue, earnings also rose sharply, in particular due to an exceptional gain.
Compared to last year, revenue increased by 22% to EUR 1.61 billion, which, adjusted for (de)consolidation and currency effects, shows revenue growth of 20%.
Net profit amounted to EUR 116 million, including EUR 37 million in exceptional items, whereas a year ago a net profit of EUR 72 million was reported.
Offshore Energy revenue increased by 3% and the EBITDA result increased by 29%. A sharp decline in the contracting activities, partly due to a volume decline at Subsea Cables, was more than offset by a good half year at the services part of the division. The utilization of the heavy transport vessels in Marine Transport & Services was exceptionally high and also Subsea Services and Marine Survey had a very good operational half year. The strong demand from both the offshore wind market and the traditional oil and gas market was partly causing this. In the second quarter the new crane vessel Bokalift 2 was commissioned and has since been working on the sizable Changfang & Xidao offshore wind project in Taiwan.
Follow the link here for the full Half Year Report 2022
Featured Title photograph
The BOKA Vanguard transporting the 70,000t FPSO Johan Castberg from Singapore to Norway
All photographs courtesy of Boskalis