Key figures

Revenue: less subcontracted passthrough work than in first half of 2021 results in lower revenue of 191.3 million (HY 2021: 249.3 million);

Contribution of 63.5 million (HY 2021: 57.7 million)

  • 54.5 million monopiles & transition pieces for offshore wind (HY 2021: 53.7 million);
  • 9.0 million marshalling and other which includes KCI for 2.7 million (HY 2021: 4.0 million and 1.8 million);

Adjusted EBITDA of 21.1 million slightly higher than in first half year 2021 (20.6 million);

Operating working capital stands at -/- 42.0 million (HY 2021: -/- 56.9 million);

No external debt excluding lease liabilities (HY 2021: nihil). Total cash position amounts to 57.6 million (HY 2021: 61.7 million);

Order book per 30 June 2022: 282 Kton for 2023 and beyond:

  • 263 Kton signed contracts
  • 19 Kton exclusive negotiations;

Outlook full year 2022 confirmed at slightly higher adjusted EBITDA compared to 2021.

installation of first foundation for Dogger Bank A

load-out of first monopile for Hollandse Kust Zuid