Ballast Nedam posts €31m loss

"Excellent results" in offshore wind, 124 foundations in 2012

A 2012 operating loss of €31m has been recorded by Ballast Nedam. But more positively, the Dutch engineering company’s offshore wind business achieved "excellent results". Its heavy-lift vessel, Svanen, was kept busy installing foundations at Anholt, London Array 1, and Gunfleet Sands 3.

The vessel’s forward orders include foundations installation at the 288MW Butendiek project in the German North Sea and the near-shore element of the Noordoostpolder wind farm, being developed by Westermeerwind.

The company has a strong history in offshore wind, having played a central role in the construction of the 108MW Egmond aan Zee project, completed in 2007.

Its strategy for returning to profit includes an increased focus on niche markets, including offshore wind. The company forecasts a 2013 operating profit of about €15m. Its 2011 operating profit was €19m.

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