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.”

Newsletter

Delivered directly to your inbox World Construction Week features the pick of the breaking news stories, product launches, show reports and more!

Sign up for free

Newsletter

Delivered directly to your inbox World Construction Week features the pick of the breaking news stories, product launches, show reports and more!

Go to newsletters