Stable Turnover for Jan De Nul Group in 2018

Jan De Nul Group realized a turnover of 1,708 million euro in 2018, adding that the EBITDA amounted to € 277 million or 16.22% of their turnover, the company announced today. 

“It was no real surprise that, as in 2017, the market conditions remained quite challenging in 2018. For several years in a row, our international dredging activities have been faced with a tight market due to a lack of both public and private investments,” the company said in its latest announcement.

“Furthermore, the offshore industry and the oil and gas market in particular showed little recovery. However, in the past few  years, Jan De Nul Group has a strong focus on offshore renewables, resulting in increased activities in this domain, both within and outside Europe (a/o Asia).”

Jan De Nul Group said that they also continue to invest in its future: at the end of 2018, their current investments in newly built dredging vessels represented a total investment value of 400 million euro.

In 2018, the bulk of the activities of Jan De Nul Group was situated within the maritime, dredging and offshore industry, generating 75% of the total turnover of the group.

Also in 2018, Jan De Nul Group was, among others, active in major coastal protection projects, such as on the Dutch island Texel, where Jan De Nul created a future-proof water barrier in the form of dunes as well as a nature area to protect the island against rising sea levels.

Geographical breakdown of turnover

Jan De Nul Group shows a very strong presence in Europe.

In 2018, 56% of its turnover was realised on the European continent, which is 10% more than last year. This increase results for the greater part from the expansion of Jan De Nul Group’s activities in the European offshore renewables market.

Apart from Europe, Jan De Nul Group was in 2018 active in Asia and the Middle East (19%), the Americas (17%), Africa (7%) and, to a limited extent, Australia (1%).

At the end of 2018, the company had an order book of 3.3 billion euro, a significant increase of 27% compared to the end of 2017.