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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 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

Boskalis signs LOI to buy offshore activities from Volkerwessels
Monday, 7 Mar 2016 01:00am EST 

Boskalis:Has signed a letter of intent (LOI) to acquire offshore activities from Volkerwessels.Will acquire remaining 50 pct share in VBMS.Pro forma impact on Boskalis order book as per year-end 2015 is more than 600 million euros.It is intention to close this transaction in Q2 of 2016.  Full Article

Boskalis consortium wins bid for dredging & reclamation
Friday, 4 Mar 2016 08:52am EST 

Boskalis:Boskalis consortium preferred bidder for dredging & reclamation of Fehmarnbelt Project (tunnel connecting Denmark and Germany).Fehmarnbelt link construction contract value to Boskalis is approximately EUR 300 million.Contract is conditional to obtaining the outstanding environmental permits (to be issued by the German govt) which are not expected to be issued before 2017.  Full Article