Boskalis 2016 operating net result in line with expectations

Royal Boskalis Westminster N.V. (Boskalis) achieved an operating net profit of EUR 276 million in 2016, in line with expectations. Including non-cash impairment charges of EUR 840 million after tax the company reported a net loss of EUR 564 million (2015: net profit of EUR 440 million).
Revenue declined by 20 per cent to EUR 2.60 billion (2015: EUR 3.24 billion). Adjusted for consolidation, deconsolidation and currency effects, revenue was down 26 per cent.…. [Persbericht]