Boskalis, from rags to riches



In the 2016 Dutch group Boskalis, that it is specialized in the field of the dredgings, the marine services for the offshore industry and in the services of towing and rescue, it has recorded a decided worsening of the economic results. Last year the revenues are diminished of the -20% being piled to 2,60 billion euros regarding 3,24 billion euros in 2015. The company has explained that the reduction of the volume of transactions is determined mainly by the important returns obtained in 2015 as a result of the execution of the project for the widening of the Suez Canal, but - it has specified Boskalis - has been also consequence of the conditions of the market let alone of the suspension of the activity of the Pluit project for the realization of an artificial island in Indonesia.

Sul decrease of the economic results enrolled in budget 2016 842,6 million euros regarding 14,5 million euros in 2015 very weigh also burdens for reduction of the value of the fleet pairs. In 2016 the EBITDA has been attested to 660,5 million euros (- 25%) and the operating result has been of sign negative for -458,1 million euros respect to a EBIT of positive sign for 562,8 million euros in the year precedence.

Boskalis has archived item the exercise clearly anniversary 2016 with a net loss of -561,7 million euros respect to a profit of 443,5 million dollars in 2015. Excluding the effect of the losses for reduction of the value the economic result clearly of 2016 turns out of positive sign and pairs to 276,4 million euros respect to a profit clearly of 440,2, million euro in the exercise precedence.

"After the two better years in the history of the Boskalis - the managing director of the Dutch group has commented, Peter Berdowski - in the course of the 2016 we have found ourselves to confront to us with the truth of the current conditions of the market more and more, in particular in the offshore market. In so far as 2016 for us have been a year of remarkable transition, from high to an economic low tide. The carried out analyses for our new business plan - it has specified Berdowski - evidence that a fast is not attended resumption of the offshore market. And so we are adapting the organization, where necessary, to this new truth with ulterior improvements in terms of efficiency and effectiveness. But we are also clearly looking to the opportunities that a market as this can offer to us in order to strengthen the company in the medium term, when it begins a resumption of the offshore market".