Boskalis 1H Earnings, 2020 Goal Beat Forecasts

Dutch marine services provider Boskalis said on Thursday it expected its 2020 core profit to match last year’s result, offering a more optimistic outlook than market forecasts citing well-filled order books.

The dredging giant, which counts energy companies among its major clients, reported half-year earnings before interest, tax, depreciation and amortization (EBITDA) at 204.1 million euros ($242 million), above 156 million euro expected in the company-provided consensus.

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