Van Oord is also becoming more sustainable.
There is also a growing demand for sustainable solutions for climate change and coast protection.’ Sustainability ‘Demand in the offshore wind market increased exponentially. ‘Globally, markets reacted in various ways, ranging from stagnation to recession, but this also led to growth opportunities,’ says Van Oord.
However, on balance, this has cost the company tens of millions of euros in 2022.’ As a result of the war in Ukraine, we faced global disruption in our supply chain and steep price increases for certain products. We have discontinued our operations in Russia and the projects in our order book have been cancelled. He adds: ‘The war in Ukraine has been raging since February 2022, with major consequences, both direct and indirect, for society and for our company. ‘Market conditions and operational challenges demanded that we pull out all the stops, with the aim of ensuring recovery and a positive result.’ ‘The year 2022 proved to be one of the most turbulent years in Van Oord’s 154-year history,’ says Pieter van Oord, CEO. Investments in equipment increased from EUR 208 million to EUR 227 million and the workforce increased to 5243 FTEs from 4725.Īlso read: Foreign offshore wind projects and Afsluitdijk push Van Oord into the red Turbulent year Over 2022, Van Oord’s revenue was EUR 2 billion (2021: 1.5 billion), with EBITDA increasing from EUR 67 million to 243 million. Van Oord envisages two major drivers for the future: the rapidly increasing demand for climate adaptation solutions and offshore energy projects. The complex project portfolio was under control by the end of the year and the net result increased.
Van Oord says 2022 was not an easy year external factors created problems within the supply chain, putting pressure on prices and planning. The company secured a net profit of EUR 60 million and has a healthy order book worth EUR 4.3 billion. After suffering a EUR 62 million loss over 2021, 2022 was a year of growth and recovery for offshore and dredging contractor Van Oord.
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