After a record year in 2018, AvH’s prime growth driver appears to have run out of breath. However, although the offshore wind energy business saw its revenues decline over H1 19, traditional dredging picked up the slack and an opportune disposal in senior care lifted the group’s profits to record levels. Expectations for the full year remain flattish as major investments in capacity expansion in marine & engineering are expected to arrive in 2020.
05 Sep 2019
Offshore wind gets out of breath
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Offshore wind gets out of breath
Ackermans & van Haaren NV (ACKB:WBO) | 0 0 0.8% | Mkt Cap: 4,897m
- Published:
05 Sep 2019 -
Author:
Jorge Velandia -
Pages:
3
After a record year in 2018, AvH’s prime growth driver appears to have run out of breath. However, although the offshore wind energy business saw its revenues decline over H1 19, traditional dredging picked up the slack and an opportune disposal in senior care lifted the group’s profits to record levels. Expectations for the full year remain flattish as major investments in capacity expansion in marine & engineering are expected to arrive in 2020.