Boskalis has seen its net profit rise 65 percent year-on-year to EUR 298 million (USD 327 million) in the first half of 2024.
According to the company, the results are due to high fleet utilisation and increased earnings across all divisions.
Revenue rose 5 percent year-on-year to EUR 2.07 billion (USD 2.2 billion), driven by strong performance in dredging, infrastructure, offshore energy and marine transport and services.
Peter Berdowski, ceo of Boskalis, said: “Financially, the past six months have been the most successful we have achieved in Boskalis’ long history. There was an exceptionally good performance across the board. EBITDA increased by nearly 50 percent to more than half a billion euros and net income by 65 percent to almost EUR300 million (USD330 million).”
The offshore energy unit benefited from the growing demand for wind energy installations, with USA and European projects contributing significantly to revenue.
“We have invested heavily in recent years in equipment that can be deployed in both the offshore wind market and the traditional fossil energy market. This has given us a strong position in the lifecycle chain from development, installation and maintenance to decommissioning of offshore structures,” Berdowski added.
The size of the orderbook is EUR 5.3 billion (USD 5.82 billion) and combined with the market outlook, Boskalis are positive about the rest of 2024.
