The COVID-19 pandemic and its effects are expected to continue to be felt – both in society and economically – in the coming months. 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.

Based on the fleet planning and projects in the order book and barring unforeseen circumstances, 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 of EUR 376 million.

Capital expenditure in 2020 is expected to amount to approximately EUR 220 million, including dry dockings. This projection does not include any acquisitions, such as the purchase of the remaining interest in Horizon earlier this year.

These statements are based on current expectations, estimates and projections of Boskalis’ management and information available to the company. These forecasts are not certain and contain elements of risk that are difficult to predict and therefore Boskalis does not guarantee that its expectations will be realized. This statement was last updated on 6 November 2020.

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