Finance News

Jan De Nul Group: Challenging 2021 but Solid Outlook

Despite the difficult circumstances, Jan De Nul Group still achieved an annual turnover of more than 1.7 billion euro.

The EBITDA showed resilience and reached 231 million euro, an acceptable level of 13% on turnover. The loss of productivity due to COVID-19 disruptions over 2021, resulted however in a limited loss of 20 million euro, after a positive EBIT of 16 million euro. Jan De Nul Group continues to present a strong balance sheet, with equity in excess of 2.9 billion euro, resulting in an excellent solvency ratio of 67%. The Group benefits from a net liquidity surplus of 198 million euro.  

2 Challenging 2021Looking forward, Jan De Nul Group is confident to reconnect with the tradition of its operational excellence given the strong order book which increased by 43% up to 4.6 billion euro by year end. This order book further increased over the first months of 2022 with additional projects signed for a total value in excess of 1.4 billion euro. This increase is evenly distributed over our different activities and geographies.  

In January 2022 Jan De Nul celebrated the launching of two next generation offshore vessels Voltaire and Les Alizés. Both vessels will be used for the installation of offshore wind farms. This enables Jan De Nul Group to contribute further to the mitigation of the climate change challenge.  

Even with these bright prospects, Jan De Nul is very attentive to the fact that that the company started 2022 in a very turbulent environment given the remaining pandemic supply chain risks, and more recently the developments in Ukraine adding to the pressure on inflation and price instability.  

To learn more about Jan De Nul’s operations click here.

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