Boskalis jaarverslagen 2011

Strategy and business drivers

Boskalis’ strategy is aimed at being prepared for both opportunities and challenges in the market. The strategy is focused on profitable growth in attractive market segments as well as expanding and reinforcing the core business.

The markets in which Boskalis operates are mainly driven by long-term economic factors, such as the growth of the global population, the expansion of the global economy and the growth in international trade and transport volumes, particularly over water. The long-term prospects for these factors are favorable.

Effective management of risks and opportunities is essential for the successful delivery of the group’s strategy and plans. The identification, measurement and monitoring of risks and opportunities is, particularly with respect to the preparation and execution of projects, embedded in our management approach. Recent developments in the global economy and in financial markets have underlined the necessity of disciplined and structured risk management.

An overview of the key strategic, operational and financial reporting risks is set-out in the next articles. 

Added to My report add to My report Source: Annual review 2011, Report of the Board of Management, page 49