Boskalis : Not yet firing on all cylinders, but market outlook promising enough to stay optimistic
>Group EBITDA 6% ahead of consensus but Dredging still below - 2020 group EBITDA came in 7% better than a year ago at € 404m, 7% better than guidance and 6% better than consensus expectations. The Dredging & Inland Infra saw its EBITDA decline by 27% to € 177m (€ 93m in H1, € 84m in H2), 8% below consensus expectations, affected by COVID weakness. Offshore Energy improved to € 194m (€ 87m in H1, € 107m in H2), which was 15% better than expected, although helped by a c...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.