The net operating results of Boskalis collapsed in H1 18 compared to H1 17. This decline was mainly due to the sharp collapse in the transport activities at the low end of the market/S-curve in particular which are now considerably loss-making. Boskalis has decided to exit this market segment. Due in part to this decision, an extraordinary charge of €397m was recognised in H1 18, consisting mainly of a goodwill impairment and a writing-off vessels at scrap value.
11 Sep 2018
H1 18: sharp collapse of profitability/significant impairments but better outlook for H2
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H1 18: sharp collapse of profitability/significant impairments but better outlook for H2
- Published:
11 Sep 2018 -
Author:
Felix Brunotte -
Pages:
3
The net operating results of Boskalis collapsed in H1 18 compared to H1 17. This decline was mainly due to the sharp collapse in the transport activities at the low end of the market/S-curve in particular which are now considerably loss-making. Boskalis has decided to exit this market segment. Due in part to this decision, an extraordinary charge of €397m was recognised in H1 18, consisting mainly of a goodwill impairment and a writing-off vessels at scrap value.