Boskalis Westminster has reported record net profit of €490 million for 2014, up 34% compared to results from 2013.
The Dutch-based dredging and maritime infrastructure contractor’s revenues for 2014 were €3.2 billion, up 1% compared to the previous year.
Its order book for 2014 remained stable at €3.29 billion, compared to €3.32 billion at the end of 2013.
In its outlook for 2015, the company said it was in a sound financial position. It expected “no major changes” in dredging and infrastructure markets in comparison with 2014. It said there was a stable market for large-scale maritime infrastructure projects and developments surrounding ports.
In January, it confirmed that it had increased its stake in geotechnical and subsea engineering firm Fugro, to a total of 20%.
Peter Berdowski, CEO, said, "We look back on a fantastic 2014, a year in which we achieved a very strong performance across the full breadth of our activities.”