Posted on November 15, 2021
Offshore wind projects in Taiwan and Europe contributed significantly to revenue for Boskalis in the third quarter of 2021, however, the offshore energy segment’s order book decreased compared with mid-2021, the company said in its results for the trading period.
Boskalis said the utilisation of the heavy transport vessels was fractionally lower compared with the first half of the year, while the rest of the fleet – diving support, crane, survey, cable laying and fall pipe vessels – was better utilised.
During the quarter, new contract awards were largely related to the services activities – transport, subsea services and survey.
In the services cluster, Marine Transport and Services contributed “significantly” and Subsea Services, partly due to the integration of Rever Offshore, maintained a strong performance seen in the first half of the year, the company said.
Overall, Boskalis’ order book was €5.1bn at the end of September, down from a record level at the end of June.
Over €0.3bn worth of contracts were acquired in the third quarter.
The company said that barring unforeseen circumstances, the EBITDA level in the second half of the year will be in line with the €226m achieved in the first half.
