The operating result (EBIT) rose by 61% to € 401.9 million (2009: € 249.3 million). Our core Dredging & Earthmoving activities achieved an exceptionally strong result, partly due to the good quality of the projects in the order book, a successful operational year and the settlement of a number of projects. The result also included a pre-tax gain of € 33.6 million in connection with the settlement of a number of long-running insurance and other equipment-related claims. In addition, the operating result (EBIT) included a contribution from the SMIT business units of € 72.1 million, net of one-off acquisition-related expenses. The result from the SMIT activities was lower compared to the same period of last year. The total order book, including the SMIT order book, stood at € 3,248 million at the end of 2010 (end-2009: 2,875 million).
Wednesday, December 25, 2024
