Diversification Provides Solid Base for Jan De Nul in 2019
In line with previous years, 2019 remained a challenging year for international dredging activities. Market conditions have not yet revived public and private investments. On the other hand, activity in the offshore segment increased significantly. The market for offshore renewable energy is growing at a rapid pace. Moreover, this market is no longer limited to Europe: Jan De Nul Group is now building offshore wind farms in Taiwan and soon in the United States. The civil engineering activities of the Group are holding up well, thanks to a strong real estate market in combination with some important projects on the infrastructure market. The environmental activities, the smallest branch of activity of Jan De Nul Group, remains stable.
In 2019, Jan De Nul Group was therefore once again able to exceed a total turnover of 2 billion Euro. The EBITDA amounted to 342 million euro or 16.84% of our turnover, a great performance and in the leading group of the sector. Jan De Nul Group continues to distinguish itself from its competitors by its extremely strong balance sheet, with capital and reserves of over 2.9 billion euro and a solvency ratio of no less than 68%. Furthermore, the group can boast a persistently strong liquidity position with a net cash surplus of 465 million euro.
Featured Title photograph
In March and April of 2019, the 3,500 m3 TSHDs Tristão da Cunha and sister vessels Afonso de Albuquerque, Diogo Cão were delivered by Keppel Shipyard in Nantong, China.
Source Jan De Nul