Boskalis Half Year Report 2021

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ORDER BOOK On 30 June 2021 the order book, excluding our share in the order books of joint ventures and associates, stood at EUR 1.25 billion (end-2020: EUR 1.23 billion) of which approximately 50% is related to offshore wind. On balance, EUR 615 million of new work was acquired during the first half year, spread over a wide variety of smaller to mid-sized projects.

The operating result from the services cluster increased compared to the same period last year, reflecting a higher contribution from Marine Transport & Services, Subsea Services and the substantial positive effect from the integration of Rever Offshore. The earnings contribution from the contracting cluster declined relative to last year. In 2020, a limited number of projects within Seabed Intervention made an extremely strong contribution. The impact of COVID-19-related measures and the subsequent operational inefficiencies is most prevalent on projects outside of Europe. Despite these limitations, the completion of the Seabed Intervention project in El Salvador and the start-up of the sizable Changfang & Xidao project in Taiwan went well. The segment result includes our share in the net result of joint ventures and associates of EUR 5.2 million. This includes the contribution from Asian Lift with the Asian Hercules III active on the Canakkale bridge project.

The sheerleg crane Asian Hercules III lifting and installing bridge sections for the Çanakkale 1915 Bridge being built across the Dardanelles Strait in Turkey

HALF YEAR REPORT 2021 – BOSKALIS