These agreements will add 25 months to the company’s backlog, which now stands at $505 million—over three times its revenue for 2023 and an 18% increase since mid-year.
GMS’s executive chairman, Mansour Al Alami, emphasized the significance of the new contract in the European offshore wind sector, highlighting its role in supporting the transition to clean energy. The company noted improving market fundamentals and reported a reduction in net debt to $221 million as of September, down from $267 million at the start of the year
Editor: Kemal Can Kayar
