Koninklijke Boskalis Westminster NV (BOSN.AS) Key Developments | Reuters.com
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Koninklijke Boskalis Westminster NV (BOSN.AS)

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Latest Key Developments (Source: Significant Developments)

Court of Appeal rules in favour of Fugro and dismisses Boskalis' claim
Tuesday, 31 May 2016 02:59am EDT 

Fugro NV : Court of Appeal rules in favour of Fugro and dismisses Boskalis' claim Further company coverage: [FUGRc.AS] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;)).  Full Article

Boskalis' share Fehmarnbelt contract about 300 million euros
Monday, 30 May 2016 12:37pm EDT 

Koninklijke Boskalis Westminster NV :Boskalis' share of contract for Fehmarnbelt project is about 300 million euros ($333.93 million).  Full Article

Boskalis Westminster Q1 strong decline in revenue
Tuesday, 10 May 2016 07:10am EDT 

Koninklijke Boskalis Westminster NV : Q1 strong decline in revenue due to continued challenging market conditions . 2016 net profit will be substantially lower than the exceptionally strong 2015 result .Capital expenditure in 2016 is expected to be around 200 million euro ($227.28 million), excluding acquisitions.  Full Article

Boskalis reaches financial close on european harbour towage JV
Wednesday, 6 Apr 2016 08:00pm EDT 

Boskalis:Reaches financial close on european harbour towage joint venture.At financial close, Boskalis refinanced its contribution to joint venture and as a consequence has freed up and received 90 million euro in cash.  Full Article

Koninklijke Boskalis Westminster closes Strabag Wasserbau acquisition
Sunday, 3 Apr 2016 08:00pm EDT 

Boskalis:Closes Strabag Wasserbau acquisition.  Full Article

Boskalis wins $40 million deal for transporting platform modules
Thursday, 31 Mar 2016 08:00pm EDT 

Boskalis:Acquires $40 million contract for transporting Johan Sverdrup platform modules.  Full Article

Boskalis secures 80 million euros contract in Indonesia
Wednesday, 23 Mar 2016 08:00pm EDT 

Boskalis:Wins contract from KSO Ciputra Yasmin to construct the land for the Centre Point of Indonesia Project located off the coast of Makassar.Contract value is about 80 million euros.  Full Article

Boskalis gives 2016 guidance and proposes dividend
Wednesday, 9 Mar 2016 01:00am EST 

Boskalis:Says it is clear that 2016 net profit will be substantially lower than very strong 2015 result.Capital expenditure in 2016 is expected to be approximately 200 million euros, excluding acquisitions.Proposed dividend: 1.60 euros per share.  Full Article

Koninklijke Boskalis Westminster NV sees profit fall, fleet cuts on weak oil industry - Reuters News
Tuesday, 8 Mar 2016 09:41pm EST 

Koninklijke Boskalis Westminster NV:Boskalis expects a drop in net profit this year as depressed commodity prices hit demand for oil-related infrastructure, it said on Wednesday - RTRS.The company said it would respond by taking equipment out of service in its dredging and offshore energy divisions "with the associated implications for staffing levels."."In addition, we are taking a critical look at reducing the cost of the global office network," it said.Berdowski told reporters jobs lost would be in the "dozens, not hundreds." He said projects such as decommissioning ageing platforms and building infrastructure for offshore windmills continued to be bright spots for Boskalis.which he described as a "survivor" of the current downturn, given its low debt and profitability.  Full Article

Boskalis awarded contract in Abu Dhabi
Tuesday, 8 Mar 2016 05:31am EST 

Boskalis:Boskalis awarded gas pipeline trenching and backfilling contract in Abu Dhabi.Activities are due to commence in Q1 2016 and will be executed in phases with completion expected in second half of 2017.  Full Article

Weak oil price, end to Suez project hit Boskalis profit

AMSTERDAM, May 10 Dutch marine engineer Boskalis said its first-quarter revenue had declined sharply compared with last year, partly due to the end of the giant Suez Canal enlargement project, and said full-year net profit would be sharply down.