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Boskalis Westm. News



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 Thursday December 13 2001
Boskalis keeps good prospects and orders two hopper dredgers
Yesterday Royal Boskalis Westminster nv ordered two trailing suction hopper dredgers of 16,000 m3 each at Merwede Shipyards in Hardinxveld-Giessendam, The Netherlands. The ships, specially designed for dredging and transport of sand and silt, fit in the fleet plans that Boskalis announced earlier this year.

Friday November 16 2001
Boskalis expands fleet with new trailing for shallow waters
Today Mrs. J.M. van Gelder-Wolff, spouse of Mr. R. van Gelder, Chairman of the Board of Management of Royal Boskalis Westminster nv, will perform the inauguration and launch of the 'Coastway', a new 4,900 m3 trailing suction hopper dredger for Westminster Dredging Company of Fareham (UK). The launch will take place at the Merwede Shipyard in Hardinxveld-Giessendam.

Friday August 31 2001
Heijmans and Boskalis are in agreement on the basics of future purchase dredgiHG
Heijmans and Boskalis are in agreement on the basics of a future purchase of the HBG's dredging activities. Heijmans expects to publish an offer memorandum in the second half of October 2001. An offer is expected to be approximately 1/3 Heijmans share plus a cash amount of EUR 12 per HBG share. An offer will be subject to the condition HBG will not proceed with the announced joint venture with Ballast Nedam.

Wednesday August 22 2001
Boskalis still seeks purchase
Boskalis appeared to play down its chances of landing a long-sought after domestic acquisition when it said that a rival merger plan would create sector stability in the short term. Boskalis saw its Euros 1.25bn (Dollars 1.14bn) bid for HAM rejected this year, by HBG, which also rejected a takeover approach from Heijmans, the Dutch builder.

Wednesday May 23 2001
HAM and Boskalis the best fit
The Board of Management of Royal Boskalis Westminster n.v. ('Boskalis') has noted the press release of Hollandsche Beton Groep n.v. ('HBG') of this afternoon, with respect to its response to Boskalisū bid on HAM. Boskalis shares HBG's opinion that consolidation in the dredging industry is required to realise the necessary upscaling in the industry.

Tuesday May 22 2001
Boskalis strengthens position in Middle-East through alliance
Royal Boskalis Westminster nv ('Boskalis') announces that it has effectuated the earlier announced alliance with Archirodon Group nv ('Archirodon') per 22 May 2001. Boskalis has acquired a 30% stake in Archirodon, an international marine contractor with a strong position in the Middle-East. The alliance is a major strengthening of the strategic position of Boskalis in the Middle-East and peripheral areas.

Wednesday May 9 2001
Announcement of Boskalis
During today–s Annual General Meeting of Shareholders of Royal Boskalis Westminster n.v. Chairman R. van Gelder discussed the financial results of the year 2000, as well as market developments and the course of the business. He confirmed the earlier announced expectation that the net profit per share will increase in 2001 by approximately 10%.

Wednesday March 14 2001
Boskalis: impressive results and good prospects
Royal Boskalis Westminster nv has achieved impressive results in 2000. The global market for dredging services and marine infrastructure works is prospering. There is a lot of demand for harbour extensions, the construction of new harbours and the dredging of access channels. Furthermore, the increasing demand for land reclamation has led to major projects in the Far East.

Monday February 5 2001
Boskalis to strenthen position in Middle-East through alliance
Boskalis Westminster intends to acquire a 30% stake in Archirodon Group, an international marine contractor with a strong position in the Middle-East. The alliance is a major strengthening of the strategic position of Boskalis in the Middle-East and peripheral areas. Archirodon is specialised in marine and civil infrastructure contracting.

Tuesday January 9 2001
Boskalis expands fleet of dredgers
Boskalis Westminster, the Dutch dredging company, announced yesterday that it 'did well' in the year 2000. Prospects for 2001 are also favourable. Given the order portfolio for the next five years, worth EUR 1.25 bn on 30 June, and favourable market prospects, Boskalis will once again order new dredgers.

Monday January 8 2001
Boskalis prospers and invests in state of the art tonnage
Royal Boskalis Westminster nv performed very well in 2000 and expects further growth in 2001. "In the coming years there will be large requirements in and outside Europe for expansion and modernization of ports, waterways and coastal areas; much equipment will be deployed for land reclamation and soil improvement.

Friday October 13 2000
Boskalis expands fleet with new trailing suction hopper dredger
On Saturday, October 14 mrs. A.M. Nelissen-van der Kelen, spouse of Mr. R.J. Nelissen, Chairman of the Supervisory Board of Royal Boskalis Westminster nv, will perform the inauguration and launch of the 'Waterway', a new 4,900 m_ trailing suction hopper dredger for Westminster Dredging Company of Southampton (UK).

Friday September 22 2000
Boskalis strengthens its position in South-America
Royal Boskalis Westminster nv has further strengthened its position in South-America with the establishment of its tenth home market in Brazil. Boskalis has incorporated a new company in Brazil with its Brazilian partner, Enterpa Engenharia Ltda. The name of the new company is Enterpa Dragagem Ltda.

Friday August 18 2000
Boskalis H1 net profit up 17%
Boskalis Westminster reported on Friday net profit for the first-half of 2000 increased 17% to EUR 26.4 mln, compared with net profit of EUR 22.6 mln the company booked in the comparible period of 1999. Turnover increased 14% from EUR 354.0 mln to EUR 404.0 mln. Operating income increased 16% from EUR 28.2 mln to EUR 32.8 mln.

Boskalis seeks acquisitions
Boskalis Westminster, the world's leading dredging group, is pursuing smaller acquisitions after merger talks with Hollandsche Beton Group, the largest Dutch builder, collapsed in July. Rob van Gelder, chairman, said at the presentation of the half year's results on Friday: "The direct necessity for a larger merger is absent.

Monday May 15 2000
Boskalis, HBG agree to merger of equals
Boskalis Westminster and Hollandsche Beton Groep (HBG) said they reached agreement on a merger of equals, with each to hold 50% in the new company. The companies expect the combined entity to achieve annual earnings per share growth of 20% in coming years. The new company had proforma sales last year of EUR 5.8 bn and employs 23,000 people.

Tuesday April 11 2000
Boskalis strengthens position in Portugal
Boskalis announced on Tuesday that it has strengthened its position in Portugal with the acquisition of the government enterprise Dragapor. The Portuguese dredging company will be merged with Boskalis subsidiary in Portugal Sociedade Portuguesa de Dragagens. Financial details were not disclosed. December last year, when Dragapor announced its privatisation, Boskalis registered as a potential buyer in competition with others.

Friday March 31 2000
Boskalis gets NLG 80 mln contract
Boskalis Westminster said it won a contract worth NLG 80 mln to construct the next part of the "Betuweroute", the 24.4 km long stretch linking Gorinchem and Buren by train. Boskalis will work with Heijmans, Strukton, de Gebroeders Van Kessel and Midden Betuwe BV. The total contract is worth about NLG 293.3 mln. The Betuweroute will eventually connect Rotterdam with Germany.

Thursday March 23 2000
Boskalis may not bid for HBG
A Dutch court yesterday ordered Boskalis, Europe's largest dredging company, to postpone publication of the offer document detailing its hostile bid for Hollandsche Beton Groep (HBG), the Netherlands' biggest construction company. The court backed an action brought by HBG alleging Boskalis had breached a standstill agreement between the companies reached when they first entered merger talks in 1998.

Monday March 13 2000
Boskalis outlines bid terms for HBG
Boskalis, the world's biggest dredging contractor, has outlined the terms of its hostile bid for Hollandsche Beton Groep (HBG), the Netherlands' biggest construction company, valuing the target at Euros 643m (Dollars 620m). It will offer 0.55 Boskalis shares plus Euros 5.70 in cash for each ordinary HBG share, valuing each ordinary HBG share at Euros 18.60, a premium of 69% to the closing price of February 23.

Friday March 10 2000
Boskalis net profit up 22%
Boskalis Westminster reported on Friday net profit for 1999 increased 22% to EUR 57.5 mln, compared with net profit of EUR 47.1 mln the company booked in the comparible period of 1998. Turnover increased 0% from EUR 782.3 mln to EUR 784.0 mln. Operating income increased 30% from EUR 56.8 mln to EUR 73.9 mln.

Deme rejects HBG, Boskalis offers
Deme, the dredging company, has rejected takeover offers from Hollandsche Beton Groep and Boskalis Westminster, Le Soir newspaper said, citing the board. Yesterday evening, Deme issued a statement saying its board had reflected on the company's future but could not reach unanimous agreement on several unspecified concrete projects it had studied.

Tuesday March 7 2000
HBG will not raise bid on Deme
HBG said it will not raise its bid for Belgian dredging firm Deme now that dredging group Boskalis has also joined the race. HBG chairman Jan Veraart believes his company has made a well-balanced proposal, saying Deme shareholders would not only look at the offer price but also at whether the two companies make a good fit. According to media reports, Boskalis has offered NLG 700 mln for Deme, versus HBG's NLG 550 mln. Earliers, Boskalis also made a hostile bid for HBG.

Monday March 6 2000
Boskalis seen to give HBG details this week
Boskalis Westminster will likely hold a news conference later this week to give the financial details of its bid for Hollandsche Beton Groep, Boskalis told reporters on Monday. The company would discuss only a preliminary bid this week, as it only informed HBG of the offer details on Monday. Under the Dutch mergers code, a target of a hostile bid must have at least 15 days' notice of a bid before the offer's official publication.

Monday February 28 2000
HBG issues prefs to put-off Boskalis
Hollandsche Beton Groep (HBG) said on Monday it issued 34,588,280 preferred shares to the Foundation HBG in an attempt to fend off a hostile takepover bid from Royal Boskalis Westminster. As a result of the emission, Foundation holds 50 pct of HBG's outstanding shares. The manoeuvre, designed to defend itself against a planned bid by Boskalis, came as HBG said it was still "considering its response to the proposal by Boskalis to make a public offer".

Boskalis, Smit International in j/v
Boskalis Westminster and Smit International Group are to establish a fully integrated joint venture under the name Land & Marine Westminster JV, Smit International said. The new joint venture will concentrate on pipeline crossings, outfalls and landfalls, "combining dredging, pipeline and engineering resources together with personnel skills available for the UK and other European countries", Smit said.

Friday February 25 2000
Boskalis makes hostile HBG bid
The prospect of a rare contested Dutch takeover battle was raised when Hollandsche Beton Groep (HBG), the Netherlands' biggest construction company, branded as hostile a bid approach by Boskalis, the dredging contractor. Boskalis said that, after talks over the past two weeks led to the rejection of its merger proposal, it would take the case to HBG shareholders.

Thursday February 24 2000
Boskalis to bid for HBG
Boskalis Westminister said it will make an offer for all shares in Hollandsche Beton Groep (HBG). HBG informed Boskalis Westminster that it will not support the offer, Boskalis Westminster said. Under the Dutch merger code, the pricing of the offer will not be announced before March 4. Dutch shareholder association VEB said it supports the proposed bid.

Wednesday February 23 2000
Boskalis prepares takeover bid for HBG
Boskalis is preparing a takeover bid for construction company HBG. HBG, meanwhile, is preparing a defensive alliance with Belgian dredger Dredging & Decloedt. According to media reports quoting sources close to the deal, there is a power struggle within HBG, with the supervisory board in favour of a deal with Boskalis and the management board backing Dredging & Decloedt. While HBG has recently suffered heavy losses in Germany, Boskalis lifted its profit forecast twice last year.

Tuesday January 4 2000
Boskalis expands in Sweden
During his new year speech, R.van Gelder, chairman of Royal Boskalis Westminster, announced that Boskalis has reached agreement with Swedish construction company Skanska on the acquisition by Boskalis of Skanska1s dredging activities. Boskalis will broaden its position in North Europe with this acquisition, Van Gelder said.

Thursday November 25 1999
Boskalis raises profit forecast
Boskalis said on Thursday that it has raised its full year 1999 net profit forecast to grow with at least 20% compared to 1998. Earlier this year in August, when the company presented its half year results, a raise of 15% was expected, while an increase of 7-12% was foreseen in May. This positive development results from continuing, wide-spread demand for dredging services, high fleet utilisation and good progress on a large number of projects, Boskalis said.

Tuesday August 31 1999
Boskalis expects new dredging merger wave
Boskalis expects a fresh wave of mergers to sweep through the dredging sector starting next your, its board chairman R.van Gelder said in an interview with Dutch financial daily Het Financieele Dagblad. "The international character of the sector and its capital intensive nature demand greater economies of scale", Van Gelder told the paper.

Wednesday August 18 1999
Boskalis H1 net profit up 14%
Boskalis Westminster reported on Wednesday net profit for the first-half of 1999 increased 14% to NLG 49.8 mln, compared with net profit of NLG 43.5 mln the company booked in the comparible period of 1998. Turnover decreased 2% from NLG 792.0 mln to NLG 780.0 mln. Operating income increased 37% from NLG 45.4 mln to NLG 62.1 mln.

Monday May 10 1999
Boskalis maintains forecast
Boskalis has maintained its earlier forecast of a 7% to 12% increase in net earnings for the current fiscal year. The group has won a number of large orders for dredging work in recent months. Boskalis is buying in 1% to 2% of its shares to prevent dilution of its share capital after paying out a stock dividend.

Wednesday April 21 1999
Boskalis acquires stake in cable firm
Boskalis has acquired a 45% stake in cable-laying company Van der Stoel for an undisclosed sum. Van der Stoel is internationally active in laying cables for the energy and telecoms sectors, as well as connecting cables on the sea bed. The company expects to book sales of NLG 30 mln this year.

Friday March 12 1999
Boskalis Westminster net profit up 26%
Boskalis Westminster reported on Friday net profit for 1998 increased 26% to NLG 103.8 mln, compared with net profit of NLG 82.2 mln the company booked in the comparible period of 1997. Turnover increased 23% from NLG 1,404.0 mln to NLG 1,724.0 mln. Operating income increased 37% from NLG 91.2 mln to NLG 125.2 mln.

Wednesday October 28 1998
Boskalis unit receives NLG 100 mln order
Westminster Dredging Company of the UK, a subsidiary of Boskalis Westminster, has received an order to deepen the approach channel to Harwich. The order has a value of around NLG 100 mln and is to be completed by the beginning of 2000.

Friday August 21 1998
Boskalis reports H1 net profit up 30%
Boskalis reported on Friday net profit for the first-half of 1998 increased 30% to NLG 43.5 mln, compared with net profit of NLG 33.5 mln the company booked in the comparible period of 1997. Turnover increased 32% from NLG 598 mln to NLG 792 mln. Operating income increased 19% from NLG 38.3 mln to NLG 45.4 mln.

Tuesday July 7 1998
Boskalis dredges Mexican ports
Boskalis Westminster has begun dredging the ports of Tuxpan, Altamira and Tampico on the Mexican coast of the Gulf of Mexico. The company is maintaining the channels into these ports. The contract is worth NLG 8 mln and work will be completed in February 1999. Boskalis works under the name Dragamex in Mexico in a joint venture with Dutch dredger Cees Versteeg.

Wednesday June 24 1998
Baan implements package at Boskalis
Baan said it is to provide Boskalis Westminster with its BaanSeries package. Boskalis is to use the package in its offices and in projects in 40 countries, Baan said. The package will be installed in several phases at Boskalis. Financial details were not disclosed.

Thursday May 7 1998
Boskalis expects profit growth of 10%
Boskalis expects net profit will increase at least 10% this year. Turnover and profit growth in the first months of 1998 matched 1997 levels, Boskalis said today. Order prospects for the rest of this year were good within and outside Europe, the company said. For the first months of 1998 the order portfolio remained at a high level of NLG 1.4 bn.

Friday March 13 1998
Boskalis reports net profit up 32%
Boskalis reports net profit for 1997 increased with 32% from NLG 62.1 mln to NLG 82.1 mln. Turnover rose 22% to NLG 1,536 mln, compared with NLG 1,255 mln the company booked in 1996. Earnings per share increased with 32% from NLG 2.42 to NLG 3.19. At end-1997, the company had orders worth NLG 1.46 bn compared with NLG 1.31 bn at the beginning of the year.

Wednesday February 18 1998
Boskalis takes over MVR Juslenius of Finland
Boskalis has taken over rival MVR Juslenius of Finland. MVR Juslenius generates annual sales of around NLG 15 mln and is mainly active in southwestern Finland. The takeover will strengthen Boskalis' position in Finland, which is one of its main markets. The takeover of MVR Juslenius will total turnover from Boskalis' Finnish units to around NLG 100 mln.

Hebels Financial Website believes the information herein was obtained from reliable sources but does not guarantee its accuracy. Neither the information nor any opinion expressed constitutes a solicitation of the purchase or sale of securities, derivatives or commodities. © 2002 Hebels Financial Website