Outlook

Boskalis is in good shape with its historically high order book and strong financial position. As indicated at the publication of the 2020 annual results in early March, 2021 will be largely determined by the further course of the COVID-19 pandemic impacting the start-up of several large international projects in the second half of this year. Given these uncertainties and the project-based nature of a significant part of our activities, it is difficult to make quantitative statements about the 2021 annual result. However, with the developments in the first quarter and the well-filled order book, there is a solid basis to match the EBITDA of 2020 this year. Capital Expenditure in 2021 is expected to amount to approximately EUR 350 million including dry dockings, but excluding any acquisitions.

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 12 May 2021.