Jan De Nul Group has achieved an annual turnover of more than 1.7 billion euro in 2021. 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 loss of 20 million euro, after a positive EBIT of 16 million euro.
The company’s order book 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 its different activities and geographies. With 40%, Europe remains the largest contributor to the Group’s turnover. Asia and the Middle East count for 32%, mainly driven by the Group’s offshore wind activities in Taiwan. Furthermore, Jan De Nul Group continues to be active in Latin America, where it realised 16% of the Group’s turnover. Africa and Australia are contributing for the remaining 12%.
The maritime dredging and offshore sector remains the cornerstone of Jan De Nul Group’s activities with 73% of the total turnover. The offshore division was involved in the construction of several offshore wind farm projects, in and outside Europe. In Denmark, Jan De Nul Group installed 72 wind turbines for the Kriegers Flak offshore wind farm and in France the preparatory works started for the installation of wind turbines for the Saint-Nazaire offshore wind farm. Outside Europe, more specifically in Taiwan, Jan De Nul Group is responsible for the supply, transport and installation of foundations, cables and wind turbine generators for 21 units of 5.2 MW Hitachi turbines for the TPC Changhua offshore wind farm. The installation works were completed in December 2021. Also in Taiwan, Jan De Nul Group executes the EPCI-contract for the design, supply and installation of 47 WTG foundations, 4 export cables and 47 inter array cables for the Formosa 2 offshore wind farm. Furthermore, the offshore division carries out other services such as installation works of cables and umbilicals, trench dredging and backfilling works and rock installation works.
