Damen revenue reaches 2.5 billion euros for the first time
In 2022, Damen Shipyards Group’s revenue reached 2.5 billion euros for the first time. The order book matched the company record of 8.8 billion euros dating from year-end 2021. EBITDA increased slightly to approximately 85 million euros (81.5 million in 2021); the net profit rose from 1 to 15 million euros.
“We are seeing how our focus on making our vessels more sustainable is gaining traction and appreciation,” Damen continues. “Last year, we delivered the world’s first, full-electric, harbour tug – Sparky– to the Port of Auckland in New Zealand. This RSD-E Tug 2513 was immediately voted ‘Tug of the Year’ at the International Tug & Salvage Awards 2022, and it also appeared on TIME Magazine’s Best Inventions List. Our revolutionary Fast Crew Supplier 7011 Aqua Helixwas named Offshore Energy Vessel of the Year for 2022 by Offshore Support Journal.”
From Cape Town to Den Helder
Despite the fact that the number of completed vessels fell to 104 the production value reached a record 2.5 billion euros. The figure in 2021 was still 2.4 billion euros. The completed vessels included the first eleven vessels under a major order for LNG-powered inland vessels by Concordia Damen and a patrol vessel built by Damen Shipyards Cape Town for the South African Navy. Major progress was made on large orders such as four F126 frigates for the German navy and the Combat Support Ship Den Helderfor the Royal Netherlands Navy. The volume of repair and conversion orders rose slightly to 1,127.
The order book continues to be well filled thanks to strong order intake across all divisions. A striking development was the growth in the segment of vessels for offshore wind applications, for which five divisions received orders. These include two vessels from the new generation of ‘service operation vessels’ developed by Damen for this sector, which are partly powered by hydrogen.
Arnout Damen: “So we are looking to the future with considerable confidence. Demand remains strong in virtually every market where we operate. We expect the rising trend in terms of financial results that we began in 2020 to continue in 2023.”
Damen Shipyards Group – Oceans of Possibilities
Damen Shipyards Group has been in business for over ninety years, providing maritime solutions worldwide through the design and construction, conversion and repair of ships and ship components. By integrating components and subsystems, we build innovative, top-quality platforms that deliver maximum added value for our customers.
Our core values are fellowship, craftsmanship, entrepreneurship and stewardship. Our goal is to be the world’s most sustainable shipbuilder, thanks in part to the digitalisation, standardisation and series builds of our vessels.
Damen operates 35 shipyards and 20 other businesses in 20 countries, with the support of a global sales and service network. Damen Shipyards Group provides direct employment for a workforce of more than 12,000.