IHC hit by tougher dredging market

The company cited increased competition in the dredging, mining and offshore markets, however, noting that “it is encouraging to see that IHC Merwede has managed to keep a healthy profit margin” with profits expected to rise again throughout this year. Revenues for 2012 came to 1.1bn, down from $1.3bn in 2011.

The company’s orderbook currently stands at $1.2bn.

“There is certainly room for optimism due to an encouraging list of prospective projects and potential new orders,” says president Govert Hamers. “IHC Merwede will continue to invest in the development of the company as a whole and aim to further increase its portfolio of products and services.

“Examples of future new activities include start-up ventures and the acquisition of technology companies, as well as more sophisticated financial packages and other services. The intention is to continue to strengthen the company’s position by offering an even more integrated package to customers.”

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