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Boskalis posts first quarter results - increase in order book

Boskalis posts first quarter results - increase in order book
dredgingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dredgingtoday.com Daily Mail and Mail on Sunday newspapers.

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Boskalis starts 2021 with record order book

Boskalis starts 2021 with record order book
March 4, 2021,
by
Zlatan Hrvacevic
Royal Boskalis Westminster N.V. (Boskalis) has reported a strong set of results in 2020, both operationally and financially.
According to the company, Boskalis has exceeded expectations in what has proven to be a very turbulent and challenging year with an EBITDA of EUR 404 million. Net operating profit amounted to EUR 90 million.
Furthermore, despite COVID-19 restrictions, many new projects were acquired resulting in a record high order book of EUR 5.3 billion. Tightened financial management further strengthened the balance sheet and improved the net cash position to EUR 439 million.
Nevertheless, the COVID-19 pandemic has had far-reaching consequences for Boskalis. The prolonged disruptions for international air travel and stringent quarantine measures affected projects outside Europe, particularly in the Dredging division. ....

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