Jan De Nul has reported record financial results for the third year running. In 2024, turnover increased by 36 per cent year-on-year.
In 2024 turnover reached €4 billion, following an 18 per cent rise in 2023. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 27 per cent to €777 million, while net profit increased by 38 per cent to €409 million.
Dredging and offshore energy projects contributed 77 per cent of total turnover. Growth in offshore wind farm construction and subsea cable installation to connect renewable energy to shore were key drivers. The company also maintained strong performance in dredging, with port development projects in Spain, Senegal and India.
By the end of 2024, the order book stood at €9.55 billion. The company has invested in expanding and modernising its fleet and equipment, including a new extra-large subsea cable installation vessel, a first plug-in hybrid dredger, and further electrification of its onshore machinery.
To support these initiatives, Jan De Nul signed a renewed green syndicated loan agreement with five banks on 17 January 2025, extending the original agreement set up in 2019. The company employed 8,801 staff at the end of 2024.
