Boskalis : Better than expected thanks to Offshore Energy, Salvage and Inland Infra, but Dredging well below expectations
>Group EBITDA 6% ahead of consensus but Dredging well below - Revenues, 2% below consensus. Boskalis FY20 revenues declined by 4.5% (-6.9% ex forex & M&A) to € 2,525m (2% below consensus) with Dredging & Inland Infra down 13% to € 1,316m (5% below consensus), Offshore Energy up 4% to € 1,065m (1% ahead of consensus) and Salvage up 32% to € 175m (8% better than consensus.EBITDA, 6% ahead of consensus. 2020 group EBITDA came in 7% better than a year ago at € 404m, ...Royal Boskalis Westminster is a service provider operating in the dredging, dry and maritime infrastructure and maritime services sectors. Co. is involved in dredging activities and provides a range of maritime services for the offshore energy sector. In addition, Co. provides towage services as well as emergency response and salvage related services. Co.'s main clients are oil, gas and power companies, port operators, governments, shipping companies, international project developers, insurance companies and mining companies. Co. operates on behalf of its clients in over 75 countries across six continents.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.