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Koninklijke Boskalis Westminster NV (BOSN.AS)

BOSN.AS on Amsterdam Stock Exchange

30.67EUR
26 May 2017
Change (% chg)

€-0.12 (-0.41%)
Prev Close
€30.79
Open
€30.69
Day's High
€30.87
Day's Low
€30.44
Volume
455,103
Avg. Vol
544,630
52-wk High
€35.51
52-wk Low
€27.89

Latest Key Developments (Source: Significant Developments)

Boskalis Westminster targets EUR 30-35 mln cost savings
Monday, 15 May 2017 05:37am EDT 

May 15 (Reuters) - KONINKLIJKE BOSKALIS WESTMINSTER NV :BOSKALIS WILL TARGET TOTAL COST SAVINGS OF EUR 30-35 MILLION, RESULTING IN LOSS OF AROUND 230 JOBS.RESTRUCTURING IS PART OF CORPORATE BUSINESS PLAN 2017-2019 WHICH BOSKALIS PRESENTED AT START OF YEAR AND WILL BE IMPLEMENTED IN NEXT 18 MONTHS.MEASURE AROUND 230 EMPLOYEES WILL BE MADE REDUNDANT AT HEAD OFFICE IN PAPENDRECHT.COMPULSORY REDUNDANCIES CANNOT BE RULED OUT.  Full Article

Koninklijke Boskalis Westminster expects 2017 net result to be lower than that of 2016
Wednesday, 10 May 2017 07:15am EDT 

May 10 (Reuters) - KONINKLIJKE BOSKALIS WESTMINSTER NV ::DEVELOPMENTS AT ROYAL BOSKALIS WESTMINSTER N.V. (BOSKALIS) IN 2017 HAVE SO FAR PROCEEDED IN LINE WITH COMPANY'S EXPECTATIONS.SO FAR IN 2017 LOWER REVENUE AS A RESULT OF CONTINUED CHALLENGING MARKET CONDITIONS IN THE OFFSHORE SECTOR.SO FAR IN 2017 REASONABLE FLEET UTILIZATION AT BOTH DREDGING AND OFFSHORE ENERGY.INCREASED ORDER BOOK SO FAR IN 2017.FURTHER PRESSURE ON PROFITABILITY SO FAR IN 2017.2017 NET RESULT WILL BE LOWER THAN THE RESULT FOR 2016 ADJUSTED FOR IMPAIRMENT CHARGES.CAPITAL EXPENDITURE IS EXPECTED TO TOTAL AROUND EUR 250 MILLION IN 2017, EXCLUDING POSSIBLE ACQUISITIONS.IN VIEW OF DEVELOPMENT OF ORDER BOOK AT DREDGING & INLAND INFRA LARGE PART OF FLEET WILL BE UTILIZED IN 2017, ALBEIT AT LOWER MARGINS VERSUS PREVIOUS YEARS.AT OFFSHORE ENERGY THE OUTLOOK REMAINS UNCHANGED.  Full Article

Boskalis wins 250 mln euro Mumbai dredging contract in JV
Monday, 3 Apr 2017 02:01am EDT 

Koninklijke Boskalis Westminster NV : Boskalis acquires 250 million euro ($266.9 million) port dredging contract in joint venture in Mumbai, india . Works are scheduled to commence in coming weeks and will be completed within two years .Contract carries a value of approximately 250 million euros with a 50 pct share for Boskalis.  Full Article

Koninklijke Boskalis Westminster sees project opportunities in years to come
Wednesday, 8 Mar 2017 08:50am EST 

Koninklijke Boskalis Westminster NV : In dredging order book 40 percent is for 2017, in offshore energy two thirds are for 2017, offshore wind being significant part, the rest remains for 2018 - conf call . Over the course of this quarter, the Queen vessel will be available as the works are ongoing now - conf call . Does not see increase in pressure on margins, is same as in the past two years - conf call . Expects continued growth of shale oil, is aggressively optimistic on that - conf call . Is convinced there will be considerable growth in offshore - conf call . Is quite positive about its business drivers - conf call . On dredging projects: sees in the 5 years to come, 51 billion euros ($53.78 billion) in the pipeline - conf call . Identifies 17 billion euros in climate change related future projects in dredging, mostly in Europe - conf call . On offshore forecast: potential of 23 billion euros offshore I&I projects - conf call Further company coverage: [BOSN.AS] ($1 = 0.9482 euros) (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;)).  Full Article

Koninklijke Boskalis Westminster FY EBITDA at 660.5 million euros
Wednesday, 8 Mar 2017 01:28am EST 

Koninklijke Boskalis Westminster Nv : FY revenue 2.60 billion euros ($2.75 billion)versus 2.56 billion euros in Reuters Poll . FY EBITDA 660.5 million euros versus 606 million euros in Reuters Poll . Boskalis - market picture for year ahead will be characterized by continued lower volumes of work and pressure on both utilization levels and margins . Koninklijke Boskalis Westminster - at Dredging & Inland Infra we see a reasonable volume of work in market for short term . Outlook for 2017 is less favorable at offshore energy . Will propose that a dividend of 1.00 euros per share be distributed in form of ordinary shares, unless shareholder opts to receive a cash dividend . Boskalis - current size of order book means that a good part of fleet will be occupied for 2017, albeit at lower margins than in previous years . Capital expenditure in 2017 is expected to be around 250 million euros, excluding acquisitions . Fewer contracting projects for offshore energy .Company reported a net loss of 564 million euros in 2016 (2015: net profit of 440 million euros).  Full Article

Boskalis sells remaining holding in Fugro
Wednesday, 1 Mar 2017 03:44am EST 

Koninklijke Boskalis Westminster NV :Boskalis announced on Tuesday it sold remaining holding in Fugro Full Article

Boskalis sells remaining holding in Fugro
Tuesday, 28 Feb 2017 02:44pm EST 

Koninklijke Boskalis Westminster NV :Boskalis announced on Tuesday it sold remaining holding in Fugro Full Article

Boskalis to report a non-cash impairment charge of 840 mln euros in FY results
Friday, 17 Feb 2017 11:40am EST 

Koninklijke Boskalis Westminster NV : To report a non-cash impairment charge of 840 million euros ($892.1 million) in its annual results 2016 . Non-Cash impairment charge due to strongly deteriorated market conditions in offshore energy sector and resulting outlook . Announces impairment charge has no impact on the amount of dividend being set for 2016 . In line with policy, Co to distribute 40-50 percent of net profit as dividend in cash or in ordinary shares . Number of shares to be distributed as stock dividend to be subsequently repurchased to prevent dilution .Maintains its outlook for underlying net profit as stated in its Q3 2016 trading update press release.  Full Article

Boskalis subsidiary VBMS awarded inter-array cabling contract for EnBW Hohe See OWF
Friday, 17 Feb 2017 05:04am EST 

Koninklijke Boskalis Westminster NV : Boskalis subsidiary VBMS awarded inter-array cabling contract for EnBW Hohe See OWF . Contract with a value of approximately 80 million euros ($85 million) by EnBW Hohe See GmbH & Co.KG for 500 mw EnBW Hohe See offshore wind farm .Project execution will commence in 2017 with cable installation activities scheduled for 2018 and 2019.  Full Article

Boskalis JV with Van Oord awarded dredging contract for Santos port, Brazil
Wednesday, 8 Feb 2017 02:29am EST 

Koninklijke Boskalis Westminster NV : Boskalis JV with Van Oord awarded dredging contract for capital and maintenance dredging Santos port, Brazil . Contract carries a total value for joint venture of approximately 110 million euros ($117.3 million) .Dredging activities are expected to be completed in 2018.  Full Article

More From Around the Web

Dutch marine services firm Boskalis to trim workforce by around 3 pct

AMSTERDAM, May 15 Dutch marine services company Boskalis said it would cut 230 jobs, or around 3 percent of its workforce, in response to low oil prices that have reduced demand from many of its customers in the offshore oil industry.