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Koninklijke Boskalis Westminster NV (BOSN.AS)

BOSN.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Boskalis acquires 200 million euros worth of projects
Thursday, 12 Jan 2017 08:23am EST 

Koninklijke Boskalis Westminster NV : Over last weeks, company acquired number of medium sized and various smaller projects in netherlands with combined contract value of more than 200 million euros ($213.22 million) . Boskalis was awarded the project for the expansion and doubling of the N62 road (Tractaatweg) in the province Zeeland . Project carries a contract value of approximately 30 million euros .Preparations are due to start in spring 2017 and project will be completed in spring of 2019.  Full Article

Koninklijke Boskalis Westminster to reinforce Houtrib dike in the Netherlands
Wednesday, 21 Dec 2016 02:01am EST 

Koninklijke Boskalis Westminster Nv ; : Dutch Directorate General For Public Works And Water Management intends to award contract for reinforcement of Houtrib dike to Boskalis and its partner Van Oord .Contract carries a value of 90 million euros of which Boskalis' share amounts to 45 million euros ($46.85 million).  Full Article

Boskalis announces 24.9 pct holding in Fugro
Monday, 5 Dec 2016 10:59am EST 

Koninklijke Boskalis Westminster NV :Announces that it has reduced its holding in Fugro NV to 24.9 pct.  Full Article

Boskalis sells stake in SMIT Amandla Marine
Thursday, 1 Dec 2016 05:16am EST 

Koninklijke Boskalis Westminster NV : Sells stake in SMIT Amandla Marine . Received a cash sum of approximately 50 million euros ($53.13 million) for sale .Activities and results of SAM will be deconsolidated with effect from 1 December 2016.  Full Article

Boskalis awarded 120 million euro contract in Brazil
Friday, 25 Nov 2016 02:30am EST 

Koninklijke Boskalis Westminster NV : Awarded 120 million euro ($127.18 million) dredging contract for oil terminal expansion in Brazil .Activities will commence immediately and are expected to be completed late 2017.  Full Article

Koninklijke Boskalis Westminster awarded contract for Hornsea Offshore Wind Farm Project One
Wednesday, 26 Oct 2016 10:58am EDT 

Koninklijke Boskalis Westminster Nv :Boskalis awarded contract by DONG Energy Wind Power A/S for Hornsea Offshore Wind Farm Project One.  Full Article

Boskalis announces new LNG fuelled harbor tugs and LNG bunkering contract
Wednesday, 5 Oct 2016 02:01am EDT 

Koninklijke Boskalis Westminster NV : Combination of new LNG fuelled harbor tugs and LNG bunkering contract .Royal Boskalis Westminster (Boskalis) joint ventures Keppel Smit Towage and Maju Maritime have ordered two LNG dual-fuel harbor tugs.  Full Article

Koninklijke Boskalis Westminster H1 EBITDA beats Reuters poll
Thursday, 18 Aug 2016 01:34am EDT 

Koninklijke Boskalis Westminster NV : H1 revenue 1.17 billion euros ($1.32 billion) versus 1.28 billion euros in Reuters poll . H1 EBITDA 318 million euros versus 310 million euros in Reuters poll . H1 operating profit (EBIT) 182.4 million euros versus 162 million euros in Reuters poll . Order book at end of H1 2.70 billion euros versus 2.56 billion euros in Reuters poll . H1 net profit 147.5 million euros versus 306.5 million euros year ago . Expects the level of operating net profit in the second half of 2016 to approach the level achieved in the first half of the year . Fleet rationalization program will be implemented in the next two years, will involve vessels being taken out of service and the loss of 650 jobs . General market outlook for the coming period is expected to continue to be characterized by lower volumes of work and pressure on utilization rates and margins . Boskalis has signed an agreement for the sale of its 70% stake in Smit Amandla Marine . Sale Smit Amandla Marine is subject to the customary conditions and is expected to be closed in the fourth quarter .Capital expenditure is expected to be approximately 200 million euros in 2016, excluding acquisitions.  Full Article

Boskalis Westminster wins 100 mln euro plus wind turbine contract in Scotland
Friday, 22 Jul 2016 02:04am EDT 

Koninklijke Boskalis Westminster NV : Secures contract award for in excess of 100 million euros ($110.2 million) for Aberdeen offshore wind farm project . Offshore project execution is scheduled to commence in September 2017 . Project will consist of eleven wind turbines with a capacity of 92.4 MW .Completion of project is expected in Q2 of 2018.  Full Article

Boskalis Westminster decided to take 24 vessels out of service in coming two years
Friday, 8 Jul 2016 09:30am EDT 

Koninklijke Boskalis Westminster NV : Has been decided to take 24 vessels out of service in coming two years . "market outlook for Boskalis has changed drastically as a result of continuing low energy and commodity prices" - CEO . Boskalis has requested formal opinion of dutch works council and will invite trade unions to consult on a social plan in short term . Will result in loss of approximately 650 jobs worldwide during this period . To take 24 vessels out of service in 2016-2018 period, of which ten at dredging division and fourteen at offshore energy division . Compulsory redundancies cannot be ruled out .Fleet rationalization has no implications for Boskalis' strategy.  Full Article