Boskalis jaarverslagen 2011

Outlook

The financial position of Boskalis is very solid. The capital expenditure for the period 2012-13 is estimated to amount to EUR 600-700 million. The expectation is that this can be funded from our cash flow. 

Given the current market conditions we also expect that 2012 will be affected by a slow down on the positive drivers that underpin our strategy. This situation, combined with the project-based nature of a significant part of our activities means that we are currently unable to provide quantitative guidance for the 2012 annual result. We anticipate, however, that we will not be able to match the 2011 result. Based on current insights we do not foresee a materially different market environment in 2012 relative to 2011, but prospects for the medium term are more positive.

Added to My report add to My report Source: Annual review 2011, Report of the Board of Management, page 56