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Royl.Boskalis | BOKA | London | Ordinary Share |
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Posted at 12/5/2024 10:37 by waldron Next dividend pay date 24 May 24Ex dividend date 20 May 24 Dividend per share €2.500 Earnings per share €11.07 Dividend yield forecast in 3Y 2.3% Recent dividend updates Upcoming Dividend Payment Ex Dividend Date May 20 2024 Dividend Pay Date May 24 2024 |
Posted at 11/5/2024 18:42 by grupo guitarlumber Latest DividendsSummary Previous dividend Next dividend Status Paid Declared Type Final Final Per share 250¢ 285¢ Declaration date 26 Jan 2023 (Thu) 25 Jan 2024 (Thu) Ex-div date 19 May 2023 (Fri) 20 May 2024 (Mon) Pay date 16 Jun 2023 (Fri) 24 May 2024 (Fri) |
Posted at 29/8/2022 09:04 by waldron Dutch Construction Group Boskalis Secures Sweetened Takeover Offer From HAL08/29/2022 | 07:01am BST (MT Newswires) -- Royal Boskalis Westminster (BOKA.AS) said Monday that HAL increased its all-cash public offer for the company to 33 euros ($32.74) per share, including dividend, from 32 euros per share. The offer acceptance period for the offer will now expire on Sept. 6, with a post-acceptance period of up to two weeks to be announced once the offer is declared unconditional. HAL and its unit Stichting Hyacinth together own a 55.6% stake in Boskalis, whose board unanimously recommends shareholders to tender their shares under the offer after receiving a fairness opinion from its advisers AXECO Corporate Finance and Rabobank. Additionally, if HAL secures at least a 95% stake in the company through the offer, it will commence statutory buy-out proceedings to acquire the remaining shares in the company. Shares of the Dutch construction company fell marginally on Aug. 26 close. |
Posted at 20/8/2020 06:39 by adrian j boris OutlookThe COVID-19 pandemic and its effects are expected to continue to be felt – both in society and economically – in the coming quarters. Although it is impossible to predict the extent and duration of the impact, Boskalis has a strong basis with its well-filled order book and extremely sound balance sheet. At Dredging & Inland Infra we expect the picture to be stable for the rest of 2020, both in terms of revenue and result. The currently-known operational bottlenecks related to COVID-19 as well as the persistently competitive market have been taken into account in this projection. In the short term most of the volume of work is in Asia and Europe, with the timing of the startup and award of new projects being the biggest uncertainty. The projects in the order book ensure that a significant part of the revenue for 2020 has been secured with an expected virtually stable utilization level of the hopper fleet and lower utilization of the cutter fleet. The picture for Offshore Energy is not expected to change materially in the second half of the year. The services activities at Transport and Subsea Services will partly depend on the spot market. At Survey, demand from the offshore wind sector remains strong and the oil and gas market is impacted by oil price developments. A good second half of the year is expected for the contracting activities Seabed Intervention and Subsea Cables based on the projects in the order book. At Towage & Salvage an exceptional first half of the year is expected to be followed up by a good second half of the year. The market volumes at Towage are stable and, as is customary, Salvage depends on new emergency response assignments and possible settlement results from old projects. Based on the fleet planning and projects in the order book and barring unforeseen circumstances in particular COVID-19 related, the Board of Management expects that the 2020 EBITDA, adjusted for the extraordinary charges taken in the first half of 2020, will match the level achieved in 2019. Since the outbreak of COVID-19 Boskalis has further increased its strong focus on cash management. Various initiatives have been taken aimed at limiting non-project-related expenses, optimizing working capital and safeguarding the company’s strong financial position. It was announced in early April that the capital investment program for 2020 was halved. In addition, no dividend was paid out for the 2019 financial year and the share buy-back program was suspended. The combined effect of these measures is a positive cash flow impact of approximately EUR 300 million in 2020. With its available cash and bank facilities Boskalis has a direct financing capacity of around EUR 0.9 billion. Capital expenditure in 2020 is expected to be slightly higher than EUR 200 million, including dry dockings. This projection does not include any acquisitions, such as the purchase of the remaining interest in Horizon at the end of January. Resumption share buy-back program On 15 March 2019 Boskalis announced the start of a EUR 100 million share buy-back program. Due to global developments and increased uncertainty following the outbreak of COVID-19 Boskalis suspended the buy-back program on 2 April, at which time 61.60 percent of the program had been completed. In view of the company’s outlook and robust financial position the share buy-back program will resume on 21 August. Boskalis 2020 Half Year Report Live webcast The Board of Management of Royal Boskalis Westminster will comment on the 2020 half-year results at the analyst meeting (11.30 am - 12.45 pm CET) on 20 August 2020. This meeting can be followed by means of a live webcast, details of which can be found on the homepage (www.boskalis.com/HY 2020-2021 FINANCIAL CALENDAR 20 August 2020 Publication of 2020 half-year results 6 November 2020 Trading update on third quarter of 2020 4 March 2021 Publication of 2020 annual results 12 May 2021 Trading update on first quarter of 2021 12 May 2021 Annual General Meeting of Shareholders 19 August 2021 Publication of 2021 half-year results 12 November 2021 Trading update on third quarter of 2021 |
Posted at 29/4/2019 06:25 by ariane - - - - 0.00Alert Boskalis awarded Hornsea 2 offshore export cable installation contract 29/04/2019 7:00am GlobeNewswire Papendrecht, 29 April 2019 Royal Boskalis Westminster N.V. (Boskalis) has been awarded the offshore export cable installation contract for the Hornsea 2 offshore wind farm. The contract with a value greater than EUR 100 million was awarded by Ørsted Wind Power A/S and consists of three export cable circuits with a total length of approximately 380 kilometers. The project scope includes the preparation of the offshore export cable route (geophysical survey, boulder clearance and seabed leveling through dredging), and the installation and protection of the cables. The three 130 kilometer long export cables will connect the offshore substation to the onshore substation by means of a 300 meter long horizontal directional drilling, crossing the sea defense of Horseshoe Point, UK. The project is expected to commence later this year with a planned completion late 2021. Boskalis aims to maximize UK local content for its scope of work. Boskalis will deploy a wide variety of its in-house specialist services and assets including a trailing suction hopper dredger, a geophysical survey vessel and multiple cable-laying vessels. Furthermore, Boskalis has invested in a new multi-mode plough for both the pre-lay trenching and backfilling. The plough can withstand 200 tons continuous pull, is capable of trenching at various depths and in a wide range of soil circumstances and was designed to minimize the environmental impact. The plough will be pulled by the recently added high-end construction vessel Boka Falcon. The Hornsea 2 offshore wind farm will consist of up to 165 turbines with a maximum capacity of 1.4GW and is located approximately 90 kilometers off the Yorkshire coast. When complete, it will be able to serve the needs of up to 1.6 million homes with clean electricity. Boskalis' strategy is aimed at benefitting from key macro-economic factors which drive worldwide demand in our markets: expansion of the global economy, increase in energy consumption, global population growth and the challenges that go hand in hand with climate change. This project is related to the development of generating renewable energy due to climate change and increasing energy consumption. |
Posted at 08/3/2018 06:34 by grupo guitarlumber Boskalis 2017 net result in line with expectations08/03/2018 6:00am GlobeNewswire Papendrecht, 8 March 2018 HIGHLIGHTS IN 2017 Revenue: EUR 2.34 billion EBITDA: EUR 437 million Net profit: EUR 150 million Order book: EUR 3.50 billion Proposed dividend: EUR 1.00 per share OUTLOOK Mixed market picture to continue Reasonable market volume at Dredging & Inland Infra Continued supply/demand imbalance at Offshore Energy services New opportunities in Offshore Energy contracting Stable market volume at Towage Royal Boskalis Westminster N.V. (Boskalis) achieved a net profit of EUR 150 million in 2017, in line with expectations. This compares to a net loss of EUR 564 million in 2016 as a result of EUR 840 million of non-cash impairment charges. Revenue declined by 10 per cent to EUR 2.34 billion (2016: EUR 2.60 billion). Adjusted for consolidation, deconsolidation and currency effects, revenue was down 15 per cent. EBITDA amounted to EUR 437 million and the operating result (EBIT) was EUR 185 million (2016 EBITDA: EUR 661 million and EBIT: EUR 385 million, both adjusted for impairment charges). Dredging & Inland Infra had a relatively busy year after an exceptionally weak 2016. Both revenue and the fleet utilization rose, fueled by a number of large projects in progress in Brazil, Indonesia, India and Oman. The results from ongoing dredging projects were lower than in previous years while projects that were technically completed previously once again made a positive contribution to the result. Revenue and the segment result at Offshore Energy declined further compared to previous years, due in part to the poor market conditions in the oil and gas industry. The various activities nevertheless made a reasonable to good contribution to the result. The result at Towage & Salvage declined compared to last year, mainly as a result of weak market conditions and one-off charges at Towage. Following a very quiet start to the year, Salvage ended 2017 well with a couple of large emergency response contracts. Boskalis' financial position remains strong with a solvency ratio of 63% and a limited net debt of EUR 120 million. The order book increased to EUR 3.50 billion (end-2016: EUR 2.92 billion). Peter Berdowski, CEO of Boskalis: "Despite the difficult market conditions we ended the year quite reasonably, in line with our expectations. Furthermore, in the first year good progress was achieved with the implementation of our 2017-2019 corporate business. This included the acquisition of Gardline, a renowned British player in the marine survey market, in which we aim to build a presence. In addition, we added two modern diving support vessels to our fleet, considerably strengthening our position in the subsea services market. And very recently we took the Bokalift 1 into service, an impressive crane vessel for the offshore installation market, both for oil and gas and for offshore windfarm projects. The vessel's first project involves the installation of jackets for an offshore windfarm. In the past period we also adjusted our fleet and organization to the changed market conditions. Following the fleet rationalization program, we optimized the organization at head office in 2017. We made a conscious decision to do this within a short timeframe allowing us to now look ahead at the opportunities still present in the market. To capitalize on these opportunities as one team, we will present ourselves in the market with one face and will therefore in 2018 transition to one strong brand name: Boskalis. As stated in our corporate business plan we do not yet foresee a fundamental recovery in our markets in the coming years. In the short term we do however expect opportunities for selective growth and a subsequent structural recovery for the period thereafter." >>> click here for the full version of the 2017 financial review including all the financial details <<<<br /> Market developments & Strategy update The long-term macro trends that underpin the Boskalis business model remain positive. Our business drivers are structural economic growth and increasing prosperity of the global population, which in turn fuel growth in global trade and demand for raw materials and energy. Global warming also continues to create business opportunities for Boskalis due to the growing need for coastal defense and riverbank protection as extreme weather conditions lead to increased flooding. While the long-term trends are positive, in the short term these are not translating into promising projects across the board. Demand in some of the regions and markets where Boskalis is active is expected to develop less favorably in the coming years and the outlook is uncertain. Boskalis will continue to focus on market segments that show long-term structural growth and provide short-term opportunities: ports, energy (oil, gas, wind and the dismantling of old offshore platforms) and climate change-related projects (coastal defense and riverbank protection). The Corporate Business Plan for 2017-2019 and the strategy section in the 2017 Annual Report take a detailed look at the development of our business drivers and how these translate into our end markets. We see plenty of scope to further expand the business and acted upon this in the past year. In 2017 Boskalis strengthened its position in Subsea Services with the acquisition of marine survey specialist Gardline and the addition of two modern high-end SAT diving support vessels. Our position in the offshore installation market was recently strengthened with the commissioning of the Bokalift 1, a 3,000-ton crane vessel. This multifunctional crane vessel that transports and installs foundations for offshore windfarms and oil and gas platforms will also be used to dismantle old platforms and salvage ship wrecks. In 2017, the Dredging fleet was further strengthened with the new mega cutter suction dredger Helios, with a sister vessel expected to be taken into service in 2020. Despite facing short-term challenges Boskalis is positive about the opportunities in the medium term and long term. Outlook As stated in our corporate business plan the market picture for the next two years will be characterized by continued lower volumes of work and pressure on both utilization levels and margins. At Dredging & Inland Infra we see a reasonable volume of work in the market in the short term. The emphasis for Boskalis is on maintaining utilization at a responsible level of project risk. The current size of the order book means that a good part of the fleet will be utilized in 2018, albeit at lower margins than in previous years. The picture for the Offshore Energy market has not changed. Past contracts at Heavy Marine Transport are being completed and we are increasingly dependent on the highly competitive spot market. Where necessary transport vessels at the lower end of the market will be laid up. At Offshore Installation & Intervention the order book is filled better and we expect a reasonable year. Market volumes in the Towage activities are relatively stable, although competition in some ports has increased, resulting in lower margins. The project-based nature of a significant part of our activities, in addition to the uncertain market conditions, makes it difficult to provide a specific quantitative forecast with regard to the 2018 full-year result early on in the year. However, knowing what we know now it appears that it will be a challenge to match the 2017 net result. Capital expenditure in 2018 is expected to be around EUR 250 million, excluding acquisitions, and will be financed from the company's own cash flow. Boskalis has a very sound financial position and comfortably meets its financial covenants. Dividend policy and dividend proposal The main principle underlying the Boskalis dividend policy is to distribute 40% to 50% of the net profit from ordinary operations as dividend, while pursuing a stable long-term development of dividend. The choice of dividend form (in cash and/or fully or partly in shares) takes into account the company's desired balance sheet structure as well as the interests and wishes of the shareholders. In view of the importance that our shareholders attach to a stable dividend and our healthy cash flow and robust balance sheet, Boskalis will propose to the Annual General Meeting of Shareholders to be held on 9 May 2018 that an unchanged dividend of EUR 1.00 per share be distributed, equal to 87% of net profit. The dividend will be distributed in the form of ordinary shares, unless the shareholder opts to receive a cash dividend. The dividend will be made payable from 5 June 2018. |
Posted at 19/8/2010 06:00 by grupo guitarlumber Royal Boskalis Westminster NV (BOKA NA): The world's biggest dredging company may say first-half net income dropped to 82.8 million euros ($106.6 million), according to the average of four analyst estimates compiled by Bloomberg, from 102.7 million euros a year earlier. Boskalis gained 2.6 percent to 33.03 euros. To contact the reporter on this story: Kelly Bit in New York at kbit@bloomberg.net |
Posted at 09/6/2010 07:14 by ariane Boskalis Issues 2.3 Million New Shares For Stock Dividend AMSTERDAM (Dow Jones) Dutch dredging company Royal Boskalis Westminster NV (BOKA.AE) said Wednesday it will issue 2.3 million new shares, after 62% of its shareholders have chosen to be paid a stock dividend. MAIN FACTS: -Boskalis says that 62.4 percent of its shareholders have elected a stock dividend distributed in the form of ordinary shares. As a result, 2,322,974 new ordinary shares will be issued Wednesday. -With the admission, the total number of the ordinary shares of Boskalis is 100,974,263. - By Amsterdam Bureau, Dow Jones Newswires; amsterdam@dowjones.c |
Posted at 03/4/2010 08:54 by ariane mid-April 2010 - Publication of 2009 Annual Report 12 May 2010 - Trading update on first quarter of 2010 12 May 2010 - Annual General Meeting of Shareholders 14 May 2010 - Ex-dividend date 18 May 2010 - Dividend record date (after market close) 1 June 2010 - Final date for stating dividend preference - cash or stock 4 June 2010 - Determination and publication of conversion rate for stock dividend 9 June 2010 - Date of dividend payment and delivery of shares 19 August 2010 - Publication Half Year Results 2010 18 November 2010 - Trading update on third quarter of 2010 |
Posted at 18/3/2009 07:06 by grupo guitarlumber Boskalis: record year 2008 (18/03/09 07:00 CET) Papendrecht, March 18, 2009 Highlights 2008 Net profit rises to 249.1 million Net profit excluding exceptional items up 15% at 235.7 million Record revenue 2.1 billion: +12% Order book steady at high level: 3.4 billion Earnings per share 2.90; dividend per share 1.19 Outlook 2009 Well-filled and broadly spread order book provides solid basis 2009 earnings expected to be lower than 2008 record level Royal Boskalis Westminster N.V. achieved a net profit of 249.1 million in 2008 (2007: 204.4 million). Net profit excluding exceptional items rose 15% to 235.7 million in 2008. Revenue was 2.1 billion, up 12% from 2007 ( 1.9 billion), and was widely spread, both geographically and across all market segments. Net profit was affected by three exceptional items which, on balance, had a 13.4 million positive effect after tax: a 92.1 million one-off gain resulting from the settlement of the insurance claim for the W.D. Fairway; a 35.3 million impairment charge recognized on the stake in Smit Internationale N.V.; and a negative hedge result of 43.5 million. In 2008 Boskalis won new orders worth 2.3 billion. In addition, the order book was cleared of projects that are no longer expected to be executed or are expected to suffer significant delay. This resulted in the removal of around 450 million worth of revenue from the order book, including all projects in Dubai. Despite this adjustment, high revenue levels in 2008 and the economic stagnation, the order book remained at the high level of 3.4 billion. Peter Berdowski, CEO: "2008 has been the best year in our history, with record revenue and profit. We were able to reap the fruits of the strategy we pursued in previous years. However, 2008 was also a year with two faces. A year in which the first half was characterized by boisterous market growth, while the final quarter saw the global economic stage - and with it the landscape of the dredging industry - change drastically. On a positive note, amidst all these developments our order book is well-filled and broadly spread, resulting in sound fleet utilization levels for 2009 and even part of 2010." Market developments The global dredging and maritime infrastructure market is driven by factors such as growth in world trade, the global population, energy consumption and the effects of climate change. All these factors have undergone a period of unbridled growth in the past few years. This growth trend continued in the first half of 2008. The price of oil rose to an unprecedented level and the prices of iron ore and other natural resources also continued to rise strongly. Growing demand for energy and natural resources propelled the need for dredging projects for the oil and gas industry and the development of new ports. These positive market conditions changed radically in the final quarter of 2008. Even though long-term structural growth factors for dredging and maritime infrastructure remain strong, a great deal has changed for the short term. The price of oil has dropped sharply, demand for natural resources has plummeted and global trade is stagnating. All these factors are affecting demand for our products and services. Outlook After years of boisterous growth we are set for a period of stagnation. Boskalis is entering this period with a well-filled and broadly spread order book, resulting in sound fleet utilization levels for 2009 and even part of 2010. This gives Boskalis the time and flexibility to proactively streamline the organization for these changed market conditions. Measures under consideration in this context include the decommissioning of older ships and tightening the overall cost structure. Boskalis' financial position is extremely sound, meaning that the company will be able to finance planned investments - amounting to around 200-250 million per year - mostly from its own cash resources in the coming years. As in previous years, we are unable to provide a specific forecast for the coming year due to the project-based nature of our work. We do, however, anticipate that 2009 earnings will be lower than the record levels achieved in 2008. Dividend policy The main principle underlying Boskalis' dividend policy is to distribute 40% to 50% of net profit from ordinary operations as dividend, while achieving a stable development of the dividend. In choosing the form in which the dividend is to be distributed, Boskalis considers both the desired balance-sheet structure and the interests of shareholders. In light of the current economic conditions, Boskalis has a preference for distributing dividends entirely or partly in shares for the next few years. It will therefore be proposed to the Annual General Meeting on May 14, 2009 that a dividend of 1.19 per share will be paid in ordinary shares, unless the shareholder opts for a cash dividend. The dividend will be payable from June 10, 2009. Key figures (in millions of euros) 2008 2007 Revenue 2,094 1,869 Operating profit 339.1 245.5 Operating profit excl. exceptional items 285.5 245.5 Net profit 249.1 204.4 Net profit excluding exceptional items 235.7 204.4 EBITDA 454.6 348.1 EBITDA excluding exceptional items 401.0 348.1 Dividend per share (in euros) 1.19 1.19 31 December 2008 31 December 2007 Order book 3,354 3,562 Solvency ratio 34.0% 35.3% Click here for the full press release Financial calendar 2009 mid-April Publication of 2008 Annual Report May 14 Trading update on first quarter of 2009 May 14 Annual General Meeting May 18 Ex-dividend date May 20 Dividend record date (after market close) June 2 Final date for stating dividend preference - cash or stock June 5 Determination and publication of conversion rate for stock dividend based on the average share price on June 3, 4 and 5 (after market close) June 10 Date of dividend payment and delivery of shares August 21 Publication of 2009 half-year results This is an English translation of the Dutch press release. In the event of any disparity between the Dutch original and this translation, the Dutch text will prevail. Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services segments. We provide creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world including the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. The company holds important home market positions in and outside of Europe and targets all market segments in the dredging industry. It also has positions in strategic partnerships in the Middle East (Archirodon) and in offshore services (Lamnalco). Boskalis has a versatile fleet of over 300 units and operates in over 50 countries across five continents. Including its share in partnerships, Boskalis has approximately 10,000 employees. For further information please contact: Martijn L.D. Schuttevâer Director of Investor Relations & Corporate Communications Telephone: +31 (0)78 69 69 822 / +31 (0)6 200 10 232 Telefax: +31 (0)78 69 69 020 E-mail: m.l.schuttevaer@bosk This press release can also be found on our website www.boskalis.com This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement. Bron : BOSKALIS WESTMIN Provider : Hugin |
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