- Published: 11 November 2016 11 November 2016
Royal Boskalis Westminster (Boskalis) closed the third quarter of 2016 in line with expectations. Both revenue and operating profit were higher than the average seen in the first two quarters of the year. The increase was wholly attributable to the contribution from the offshore activities acquired from VolkerWessels, which are consolidated with effect from the third quarter.
Adjusted for these activities there was a slight decline in revenue and operating profit compared to the average seen in the first two quarters of the year. The order book increased to € 2.9 billion, up 8% compared to end-June, with the increase wholly attributable to the addition of the offshore activities of VolkerWessels. Offshore Energy had a good third quarter on balance, supported by the contribution from the offshore activities acquired from VolkerWessels. Revenue and the result at the segment rose compared to the previous quarters. New opportunities are opening up in the offshore wind energy market, partly thanks to the offshore activities recently acquired from VolkerWessels. In the third quarter Boskalis secured the contract for the construction of the Aberdeen Offshore Wind Farm as well as numerous smaller contracts.