Key information: • Strong decline in revenue due to continued challenging market conditions. • Lower fleet utilisation at both Dredging and Offshore Energy. • EBITDA margin slightly down compared to Q1 15. • Slightly higher order book.
10 May 2016
As expected revenue and margin contraction but valuation remains attractive
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As expected revenue and margin contraction but valuation remains attractive
- Published:
10 May 2016 -
Author:
Felix Brunotte -
Pages:
3
Key information: • Strong decline in revenue due to continued challenging market conditions. • Lower fleet utilisation at both Dredging and Offshore Energy. • EBITDA margin slightly down compared to Q1 15. • Slightly higher order book.