From an operational perspective the result for 2015 was even better than the 2014 record result, which included a large number of exceptional items of €200m on balance before taxation. Dredging & Inland Infra achieved a high fleet utilisation rate and good results on projects in progress. The large Suez Canal project, which was completed successfully in 2015, made a significant contribution to both revenue and earnings. Offshore Energy also had a good year and despite the deteriorated market conditions earnings increased slightly, partly helped by the strong US dollar. The good result was driven by good utilisation of the equipment and good project results.
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