Annual Report 2016


For the sixth consecutive year, Jan De Nul Group turnover exceeds the 2 billion Euro mark, amounting now to 2,044 million Euro. Compared to the financial year 2015, the turnover dropped by 9%, which takes us back to the 2014 level. However, 2015 was an exceptionally strong year because of the successful completion of some major dredging projects, the construction of the Suez Canal in Egypt for one.

The EBITDA for the fiscal year 2016 amounts to 339 million Euro or 17% of our turnover. Compared to the record year of 2015, this is a decrease but the average 2-year EBITDA shows a very healthy 23%. The net profit in 2016 amounted to 102 million Euro.

In 2016, Jan De Nul Group generated 72% of its turnover from its dredging and offshore activities, 25% from its civil activities and 3% from its environmental activities. This distribution is practically the same as in the previous years.


The Group’s capital and reserves amount to 2,752 million Euro, an increase by 117 million Euro compared to the previous fiscal year, which, as usual, can be attributed to the continuous and complete reservation of the fiscal year’s net profit. Accordingly, the Group records in 2016 an exceptionally strong solvency ratio of more than 60%.

Despite the continuous investment policy during recent years, Jan De Nul Group is a net debt-free company, now achieved for the third year in a row. The net cash position (positive balance) in 2016 amounts to 271 million Euro.