Although Dutch dredging company Van Oord experienced “one of the most turbulent years” in the company’s 154-year history, it managed to turn a loss into a profit. The group made a net profit of 60 million euros in 2022 compared to a loss of 62 million euros the previous year, Van Oord announced.
“Operationally and financially, 2022 has been a year of growth and recovery. It has not been an easy year, external factors have caused problems in the supply chain, putting pressure on prices and planning,’ says Pieter van Oord, director of the company, in a statement. According to him, this has had major consequences for projects and clients. At the end of the year, the “complex project portfolio” was under control and the net result was growing.
2 billion
Turnover of the Rotterdam-based maritime services provider increased by a quarter to 2 billion euros last year. “Market conditions and operational challenges required us to do everything possible, with the aim of ensuring recovery and a positive result,” says the director. According to Van Oord, the year ended with a “well filled order book and positive outlook”. The CEO mainly foresees future growth from the rapidly increasing demand for solutions in the field of offshore energy and climate projects.
Source: BNR
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