Boskalis Conclude Good Quarter, Raise Earnings Outlook

Dutch dredging & marine specialists, Royal Boskalis Westminster N.V. (Boskalis) report revenue & profit  higher than in the first half of 2012.

The order book increased in recent months and stood at a new record high of EUR 4 billion at the end of the third quarter. Based on current insights, the second half of the year is expected to be strong with a high workload and good results anticipated on a number of dredging projects in progress and close-out results. Boskalis is now expecting net profit to amount to around EUR 230-245 million in 2012.

Q3 2012 Trading Update - Highlights
·         Good third quarter with higher revenue and net profit level than first half year
·         Order book hits record high of EUR 4 billion
 
2012 Outlook
·         Stable market conditions
·         Strong second half year expected
·         Full-year outlook raised: net profit EUR 230-245 million

Based on current insights, the second half of the year is expected to be strong with a high workload and good results anticipated on a number of dredging projects in progress and close-out results. Boskalis is now expecting net profit to amount to around EUR 230-245 million in 2012.
 
Boskalis has recently been approach by a party from the Middle East, with whom talks are now being held on the possible sale of the 40% stake in Archirodon. Further details will be announced if this were to result in a transaction.