Boskalis saw mention the turnover in both the dredging activities, the towing and services to the oil industry to decline, making the dredging and maritime services Tuesday knowledge, no concrete numbers.
As the company previously pointed out are the price and the size of projects, causing the utilization of the fleet has deteriorated. In addition, profit margins also declined. The order book increased it slightly in the first quarter.
The company expects to attend any significant improvements, but refrained from any concrete profit forecast for 2016.
Net income will probably be lower this year then the ‘exceptionally strong’ ‘results from last year, according to Boskalis. Especially the strong decline in prices of oil and gas to feel at Boskalis, which warned in March that the prospects for the near future were not rosy.
Suez Canal
stood at the dredging revenues under pressure by the disappearance of the great Suez Canal project, which last year led to a substantial portion of the proceeds. The order book in recent months it grew slightly, while also finalized the acquisition of the German Strabag Wasserbau. Boskalis thus strengthened its position in Germany.
The investments are this year expected to reach approximately EUR 200 million, excluding acquisitions. This amount will be funded from its own cash flow
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