OverviewSuggest Edit

Royal Boskalis Westminster is a global services provider operating in the dredging, maritime infrastructure, and maritime services sectors. It provides construction and maintenance of ports and waterways, land reclamation, coastal defense, and riverbank protection. In addition, the company offers a variety of marine services and contracting for the oil and gas sector and offshore wind industry as well as salvage solutions.

TypePublic
Founded1910
HQPapendrecht, NL
Websiteboskalis.com

Latest Updates

Employees (est.) (Dec 2020)7,484(-22%)
Job Openings86
Revenue (FY, 2020)€2.5 B(-4%)
Share Price (Nov 2021)€26.7
Cybersecurity ratingBMore
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Key People/Management at Royal Boskalis Westminster

Peter Berdowski

Peter Berdowski

Chairman of the Board of Management
B.H. Heijermans

B.H. Heijermans

Member of the Board of Directors / Member of the Executive Board of Management of Royal Boskalis Westminster N.V.
J. van der Veer

J. van der Veer

Chairman of the Supervisory Board
J.P. de Kreij

J.P. de Kreij

Deputy Chairman of the Supervisory Board
D.A. Sperling

D.A. Sperling

Member of the Supervisory Board
Barry Macleod

Barry Macleod

Chief Operating Officer/Deputy MD
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Royal Boskalis Westminster Office Locations

Royal Boskalis Westminster has offices in Papendrecht, Nieuw-Vennep, Rotterdam, Houston and in 43 other locations
Papendrecht, NL (HQ)
20 Rosmolenweg
Nieuw-Vennep, NL
Pondweg 1
Rotterdam, NL
Nijverheidstraat 68
Hornsby, AU
4/143 Peats Ferry Rd
West Perth, AU
Level 1, Suite 3/9 Havelock St
Baku, AZ
Panorama Hotel VILLA 10 Selyan sossesi, 12–ci km Sixov
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Royal Boskalis Westminster Financials and Metrics

Royal Boskalis Westminster Revenue

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View revenue for all periods
Royal Boskalis Westminster's revenue was reported to be €2.52 b in FY, 2020 which is a 4.5% decrease from the previous period.
EUR

Revenue (H1, 2021)

1.3b

Gross profit (H1, 2021)

208.1m

Gross profit margin (H1, 2021), %

15.7%

Net income (H1, 2021)

70.1m

EBITDA (H1, 2021)

226.0m

EBIT (H1, 2021)

97.0m

Market capitalization (10-Nov-2021)

3.5b

Closing stock price (10-Nov-2021)

26.7

Cash (30-Jun-2021)

609.9m

EV

3.4b
Royal Boskalis Westminster's current market capitalization is €3.5 b.
Annual
EURFY, 2018FY, 2019FY, 2020

Revenue

2.6b2.6b2.5b

Revenue growth, %

9%3%(5%)

Cost of goods sold

2.3b2.4b2.2b

Gross profit

303.4m255.3m357.5m
Half Year
USDH1, 2019H1, 2020H1, 2021

Revenue

1.3b1.3b1.3b

Cost of goods sold

1.2b1.1b1.1b

Gross profit

127.1m187.1m208.1m

Gross profit Margin, %

10%15%16%
Annual
EURFY, 2018FY, 2019FY, 2020

Cash

336.2m399.6m824.5m

Accounts Receivable

330.3m378.5m276.5m

Inventories

99.1m103.2m91.1m

Current Assets

1.6b1.5b1.7b
Half Year
EURH1, 2019H1, 2020H1, 2021

Cash

291.7m712.8m609.9m

Current Assets

1.8b1.7b1.6b

PP&E

2.4b2.4b2.5b

Total Assets

4.9b4.6b4.6b
Annual
EURFY, 2018FY, 2019FY, 2020

Net Income

(433.7m)74.9m(96.7m)

Depreciation and Amortization

716.3m265.1m422.0m

Inventories

(10.6m)(3.5m)11.4m

Accounts Payable

61.8m(31.7m)77.6m
Half Year
EURH1, 2019H1, 2020H1, 2021

Net Income

1.3m(96.5m)70.1m

Depreciation and Amortization

126.6m243.9m129.1m

Cash From Operating Activities

(40.6m)331.2m80.1m

Cash From Investing Activities

(158.6m)(133.9m)(196.5m)
EURFY, 2018

Revenue/Employee

289.4k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.8 x
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Royal Boskalis Westminster Operating Metrics

FY, 2018Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021

Order Book

€4.29 b€4.36 b€4.2 b€4.72 b€4.6 b€4.66 b€4.4 b€5.31 b€5.6 b€5.53 b€5.1 b

Order Book (Dredging and Inland Infra)

€3 b€3.03 b€3.19 b€3.17 b€4.08 b€4.27 b

Order Book (Offshore Energy)

€1.28 b€1.33 b€1.52 b€1.47 b€1.23 b€1.25 b

Order Book (Towage & Salvage)

€7.9 m€8.6 m€5.4 m€21.7 m€3.8 m€7.5 m
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Royal Boskalis Westminster Acquisitions / Subsidiaries

Company NameDateDeal Size
Ardent Americas LLCApril 30, 2020
Horizon Group (Horizon)November 25, 2019
Gardline GroupAugust 15, 2017
StematJuly 01, 2016
VBMSJuly 01, 2016
VSIJuly 01, 2016
Fairmount MarineMarch 03, 2014
Atlantique Dragage SARL
Baggermaatschappij Boskalis B.V.
BKI Gabon S.A.
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Royal Boskalis Westminster Revenue Breakdown

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Royal Boskalis Westminster revenue breakdown by business segment: 51.5% from Dredging & Inland Infra, 41.7% from Offshore Energy and 6.8% from Towage & Salvage

Royal Boskalis Westminster revenue breakdown by geographic segment: 9.7% from Middle East, 18.1% from Australia / Asia, 35.4% from Rest of Europe, 23.0% from The Netherlands, 10.0% from North and South America and 3.9% from Other

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Royal Boskalis Westminster Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

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Royal Boskalis Westminster Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Royal Boskalis Westminster Online and Social Media Presence

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Royal Boskalis Westminster News and Updates

Boskalis Receives Eur 450 Million Offshore Wind Project

Boskalis has been awarded a contract for the transportation and installation of the monopile foundations and substations for an offshore wind farm development with a value of approximately EUR 450 million.

Boskalis and Keppel to sell KST and Maju to Rimorchiatori Mediterranei

Boskalis and its co-shareholder KS Investments Pte. Ltd. (Keppel) have signed an agreement relating to the sale of their harbor towage activities in Singapore and Malaysia to Rimorchiatori Mediterranei S.p.A. The sale transaction relates to Keppel Smit Towage Private Limited (KST) and Maju Maritime …

Boskalis voltooit EUR 100 miljoen aandelen-inkoopprogramma

Koninklijke Boskalis Westminster N.V. ( Boskalis ) heeft zijn aandelen-inkoopprogramma ter waarde van EUR 100 miljoen voltooid. Gedurende het programma zijn in totaal 4.742.928 aandelen ingekocht tegen een gemiddelde aankoopprijs van EUR 21,08 per aandeel.

Boskalis Update Share Buyback

In the period from 6 September up to and including 10 September, Royal Boskalis Westminster N.V. (Boskalis) repurchased own shares. The repurchases took place within the framework of the share buyback program announced on 15 March 2019.

Boskalis: Strong operational half year and positive outlook

Royal Boskalis Westminster N.V. (Boskalis) has concluded a good half year with a strong increase in earnings despite ongoing COVID-19 related restrictions.
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Royal Boskalis Westminster Frequently Asked Questions

  • When was Royal Boskalis Westminster founded?

    Royal Boskalis Westminster was founded in 1910.

  • Who are Royal Boskalis Westminster key executives?

    Royal Boskalis Westminster's key executives are Peter Berdowski, B.H. Heijermans and J. van der Veer.

  • How many employees does Royal Boskalis Westminster have?

    Royal Boskalis Westminster has 7,484 employees.

  • What is Royal Boskalis Westminster revenue?

    Latest Royal Boskalis Westminster annual revenue is €2.5 b.

  • What is Royal Boskalis Westminster revenue per employee?

    Latest Royal Boskalis Westminster revenue per employee is €337.4 k.

  • Who are Royal Boskalis Westminster competitors?

    Competitors of Royal Boskalis Westminster include Aker Solutions, Orion Marine Group and China Communications Construction.

  • Where is Royal Boskalis Westminster headquarters?

    Royal Boskalis Westminster headquarters is located at 20 Rosmolenweg, Papendrecht.

  • Where are Royal Boskalis Westminster offices?

    Royal Boskalis Westminster has offices in Papendrecht, Nieuw-Vennep, Rotterdam, Houston and in 43 other locations.

  • How many offices does Royal Boskalis Westminster have?

    Royal Boskalis Westminster has 47 offices.