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04 August 2020 The on-line newspaper devoted to the world of transports 22:43 GMT+2

April 19, 2019

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For the first time in last the 15 years the navalmeccanico group Damen has closed 2018 with a net loss

The value of the new orders has been of 1,9 billion euros

The navalmeccanico group Dutch Damen Shipyards has announced to have archived item the exercise anniversary 2018 with a net loss that has been pairs to -17 million euros and that it constitutes the first economic result of sign negative clearly recorded from the company in last the 15 years. Damen has explained that the financial situation of the company reflects a long period of difficulty crossed from various segments of the marine field and is consequence also of investments realized for the future activities.

Damen has specified that, in particular, although the increase of the prices of the oil the field of the offshore industry of hydrocarbons continuous to introduce difficult commercial conditions and that also the field of the harbor tug, that is a market key for Damen, is little dynamic since the competition in this segment exercises a pressure to the decrease on the prices and the operators of the field are trying to consolidate their activities. Moreover Damen has specified that if the activity in the segment of the repairs and naval conversions is growing, the profits continue to being limited as the group is supporting the operating losses generated by the societies more recent acquisition: Damen Verolme Rotterdam, Damen Shiprepair Curaçao and Damen Shipyards Mangalia. To this sum a level of contained activity more of the customary one to the Damen Schelde Naval Shipbuilding ship yard, than work mainly for the field of the defense.

The Dutch group has emphasized that in 2018, in spite of the difficult conditions of market, however the company has succeeded to confiscate new orders for a value of 1,9 billion euros.

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