Maritime propels Jan De Nul to record turnover

Turnover stood at a record €2.9 billion with 77% of that figure achieved by maritime activities such as dredging, cable installation and port infrastructure projects.

The group reported a 39% increase in EBITDA to €610 million resulting in a profit of €296 million. It starts 2024 with an unprecedented order book of €8.9 billion, an increase of 38% year-on-year.

Taking receipt of its next-gen offshore installation vessels, Les Alizés and Voltaire, enabled the group to transport and install 277 turbines for the Dogger Bank A, B an C offshore wind farms, as well as transport and install the foundation and offshore substation at Gode Wind 3 and Borkum Riffgrund 3 in Germany.

The group also laid a 33 kV interconnector cable between the Hoy and the Scottish mainland as well as place on order for a new cable-laying vessel – the Fleeming Jenkin – with an unmatched capacity of 28,000 tonnes.

Several major projects are in the pipeline, including an agreement with RWE for the long-term chartering of its next-gen installation vessels, and a 2,000km long 525 kV cable system deal with Germany for its national grid.

Jan De Nul is also a partner in the TM Edison consortium which will construct the world’s first artificial energy island in the North Sea, and is also instrumental in the construction of what will be the world’s largest offshore wind farm when it transports and installs turbines at Dogger Bank in the North Sea.