Damen books records for revenue and order book

2023 was a positive year for the largest shipbuilding group in the Netherlands, Damen Shipyards Group.

It had the highest revenue ever for the second year in a row and the largest order book for the third consecutive year.

Revenue passed the 3 billion euro mark for the first time. The order book rose from 8.8 billion to 11.3 billion euros. EBITDA ended at 157 million euros (2022: 85 million). The net result rose from 15 to 43 million euros.

Once again, the number of repair orders increased slightly: from 1,123 to approximately 1,200. The number of completed vessels was in line with last year: close to one hundred. They ranged from twelve Combi Freighter 3850 coastal freighters, a second locally built patrol vessel for the South African navy and the first 75-meter Yacht Support vessel, to a large dry dock for Djibouti, three cutter suction dredgers for Mexico and seven LNG-powered inland vessels (via our subsidiary Concordia Damen).

Damen was also very active in the field of ‘refits’ in 2023. For instance, the complex mid-life upgrade of H.M.S. Johan de Witt for the Dutch Royal Navy was successfully completed.

At Damen Maaskant in Stellendam, the trawler Scintilla Maris was converted into an exploration yacht and there was a ‘green retrofit’ of shellfish dredger YE-118 Noordland, with one of the two diesel engines being replaced with an electric motor.

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