Van Oord: Net profit increases 85%!

Van Oord recorded a turnover of EUR 1,652 million in 2007 (2006: EUR 1,516 million). At EUR 164 million, net profits rose by 85% compared with the previous year 2006 (EUR 89 million). The company succeeded in capitalising on favourable market conditions, in addition, both employees and equipment were virtually fully deployed and project profitability increased. Van Oord’s order portfolio stood at EUR 3,725 million at the end of 2007 (2006: EUR 4,089 million), of which EUR 1,150 million concerns work to be carried out in 2008 (these figures do not include the Maasvlakte 2 contract).