In 2019, Jan De Nul Group was able to exceed a total turnover of € 2 billion. The EBITDA amounted to 342 million euro or 16.84% of its turnover. Net profit in 2019 was € 61 million. At the end of 2019, its current investments in newly built dredging vessels represented a total investment value of more than € 700 million.
After having added the offshore jack-up installation vessels Vole au vent and Taillevent to its fleet earlier on in 2015 and 2018 respectively, Jan De Nul Group ordered in 2019 a third offshore installation vessel, the Voltaire, which will be able to install wind turbines with heights up to 270 metre. At the end of 2019, the company also ordered the floating installation crane vessel Les Alizés. Les Alizés is equipped with a main crane with a lifting capacity of 5,000 tonnes. Both vessels will be delivered in 2022. The Voltaire will be deployed immediately after its completion for the construction of the offshore wind farm Dogger Bank in the United Kingdom.
Throughout 2019, the maritime dredging and offshore sector remains the cornerstone of Jan De Nul Group’s activities with 77% of the total turnover of the Group. The offshore division was once again involved in the construction of several offshore wind farm projects in and outside Europe. In Belgium, Jan De Nul installed Northwester 2 and in Germany, the Trianel offshore wind farm. Outside Europe, more specifically in Taiwan, Jan De Nul Group constructed two offshore wind farm projects: Changhua and Formosa 1 Phase 2. For the contracts Northwester 2 and Formosa 1 Phase 2, Jan De Nul Group was also responsible for the subsea cable installation works. In 2019, Jan De Nul Group was awarded the Formosa 2 project. The construction of the offshore wind farm with 47 Siemens turbines of 8 MW each and a total capacity of 376 MW, will start in 2020. The installation of offshore wind turbines in the United States is in full preparation and will be carried out in 2020.
