Royal Boskalis B.V. (Boskalis) immediately offered its monetary outcomes for 2023. The corporate can look again on a historic 2023 with a number of data being damaged. Each income and earnings reached a document degree with all components of the enterprise contributing, with the offshore wind enterprise displaying the most important absolute enhance within the offshore power unit.
Income elevated by 20% to EUR 4.28 billion (2022: EUR 3.58 billion). EBITDA elevated 68% to EUR 1,016 million (2022: EUR 604 million) and EBIT elevated 135% to EUR 701 million (2022: EUR 298 million). Internet revenue elevated by practically 150% to EUR 601 million from EUR 241 million in 2022.
“2023 was a very profitable yr for Boskalis, by which we broke many data. Internet revenue rose by virtually 100 and fifty % to a document excessive of over EUR 600 million and EBITDA to over one billion euros. It’s nice to see that every one components of the enterprise contributed to those spectacular figures. All our workers deserve a giant praise for the dedication, professionalism and teamwork with which we have been capable of obtain these successes.
Peter Berdowski, CEO Boskalis
Divisional developments
At Offshore Power, income elevated 41%, to EUR 2.0 billion, with a really sturdy operational end result. All enterprise items contributed to those notably sturdy monetary figures, with the most important absolute enhance coming from the offshore wind enterprise. Final yr, half of the divisional income got here from offshore wind and Boskalis was energetic on 29 offshore wind tasks throughout the yr, together with sizable set up tasks in Taiwan, Europe and america.
Within the Dredging & Inland Infra section, income was virtually steady at EUR 2.1 billion with a robust operational end result. The Marine Transport & Companies enterprise unit once more carried out some highprofile tasks with its heavy transport vessels. Salvage had a busy and good yr with quite a few high-profile tasks.
Monetary place
Boskalis’ monetary place is wholesome. With a money place of EUR 769 million and solely EUR 246 million in debt, Boskalis has a monetary internet money place of EUR 523 million. With the out there money and money equivalents and (unused) financial institution amenities, Boskalis has an instantly out there financing capability of greater than EUR 1.0 billion. The strong solvency elevated to 52.4% and Boskalis comfortably meets its monetary covenants.
In 2023, on steadiness, EUR 4.2 billion value of latest contracts have been added to the order ebook. On the finish of the yr the order ebook, excluding Boskalis’ share within the order books of joint ventures and associates, stood steady at EUR 6 billion.
In 2023, a complete quantity of EUR 527 million was invested in property, plant and gear of which EUR 68 million was associated to dry dockings (2022: EUR 429 million and EUR 62 million respectively). Disposals have been made totaling EUR 31 million (2022: EUR 32 million). Along with these investments in property, plant and gear, EUR 16 million was added in right-of-use belongings (2022: EUR 28 million).
Of the overall capital expenditure quantity, the most important share nevertheless sat with the Offshore Power division. In 2023, the conversion of the Bokalift 2 with its upending hinge and movement compensated pile gripper body was accomplished and an inclined fallpipe set up was added to the rock set up vessel Seapiper. Moreover, plenty of vessels have been acquired together with the BOKA Sub C, BOKA Ocean, Horizon Zenith and the Horizon Geodrill in addition to eight AHTs by way of the acquisition of ALP Maritime in early 2024. Capital expenditure commitments on the finish of the yr amounted to EUR 236 million (end-2022: EUR 84 million).
“With satisfaction we glance again, and with confidence we glance ahead. We reaped the advantages of our Sustainable Progress technique and 2024 additionally appears to vow a tremendous harvest. The order ebook is nicely crammed and the market outlook can be good. We are going to proceed on our profitable path of making revolutionary infrastructure, defending by way of local weather adaptation and advancing the power transition.”
Peter Berdowski, CEO Boskalis
Learn the complete monetary report right here.
