The muted performance in the dredging and offshore activities carries on in Q3, with 9M19 revenues from DEME (AvH’s prime growth driver last year) staying flat versus 2018. It appears that we will have to wait for a tailwind for the offshore wind business until 2021 at the earliest. Nonetheless, the successful sale of AvH’s stake in Residalya is likely to lead the company to post a record net profit result in FY19.
25 Nov 2019
Senior care disposal makes up for sluggish offshore wind
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Senior care disposal makes up for sluggish offshore wind
Ackermans & van Haaren NV (ACKB:WBO) | 0 0 0.8% | Mkt Cap: 4,897m
- Published:
25 Nov 2019 -
Author:
Jorge Velandia -
Pages:
3
The muted performance in the dredging and offshore activities carries on in Q3, with 9M19 revenues from DEME (AvH’s prime growth driver last year) staying flat versus 2018. It appears that we will have to wait for a tailwind for the offshore wind business until 2021 at the earliest. Nonetheless, the successful sale of AvH’s stake in Residalya is likely to lead the company to post a record net profit result in FY19.