Van Oord, a prominent player in the maritime industry, celebrates a year of unprecedented success as it closes out 2023 with remarkable financial results.
Robust Revenue Growth
Van Oord proudly announces a significant surge in revenue, with a staggering 42% increase compared to the previous year. The company’s diversified portfolio across its Dredging & Infra and Offshore Energy segments has been instrumental in driving this impressive growth.
Doubling Profits
In tandem with its revenue milestone, Van Oord has more than doubled its net profits, demonstrating not only strong financial performance but also efficient operational management. The company attributes this success to its high fleet utilization and unwavering commitment to risk and contract management.
Financial Stability and Improvement
Despite substantial investments, Van Oord maintains stable solvency at 32.5%, showcasing its robust financial position. Moreover, the company has successfully reduced its net debt position to EUR 152 million as of December 31, 2023, underscoring its prudent financial management practices.
Order Book Expansion
Van Oord’s forward momentum continues with a 3% increase in its order book, reflecting sustained demand and the company’s ability to secure new projects amidst a competitive landscape.
A Year of Growth and Recovery
As Van Oord reflects on its achievements in 2023, it identifies the year as one of remarkable growth and recovery. From operational excellence to financial resilience, the company’s performance sets a benchmark in the maritime sector and reaffirms its position as a leader in the industry.