DEME Group NV

DEME

Equity

ISIN BE0974413453 / Valor 119408628

Euronext - Euronext Brussels (2026-03-24)

EUR 184.80+0.43%

DEME Group NV
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About company

DEME Group NV, headquartered in Belgium, is a prominent global player in the fields of dredging, land reclamation, and marine engineering. The company operates a diverse fleet of over 100 specialized vessels and employs more than 5,800 professionals worldwide. DEME is involved in various sectors, including offshore energy, environmental remediation, and infrastructure development. The company provides comprehensive solutions for complex maritime challenges, such as cable installation and offshore transport, through its specialized divisions like DEME Offshore and G-tec. G-tec, a subsidiary, focuses on geophysics, engineering geology, and environmental services, offering ground investigation and hydrographic surveys. DEME's engineering teams are engaged in the design and development of innovative offshore installation methods and equipment, contributing to the company's commitment to addressing global challenges like climate change and urbanization.

Summarized from source with an LLMView SourceSector: Industrials

Headline financials

Turnover €4.101bn (FY2024) +25% vs FY2023; EBITDA €764.2m (+28%) with an EBITDA margin of 18.6%; EBIT €353.6m (8.6% margin); Net profit €288.2m (+77%).

Orderbook

Record orderbook of €8.20bn at year-end 2024 (+8% y/y), providing multi-year revenue visibility.

Cash position & free cash flow

Exceptional free cash flow of ~€729m in 2024 (vs €62m in 2023), reversing a €512m net financial debt at end-2023 to a net cash position of €91.1m at end-2024; total cash €853.4m.

Segment highlights

Offshore Energy: turnover €2.055bn (+37%), EBITDA margin 21.0% and strong fleet utilization. Dredging & Infra: turnover €1.963bn (+22%), EBITDA margin ~18.3%. Environmental: turnover €337m (+11%) but EBITDA lower at €43.6m (12.9% margin).

Capital expenditure

CapEx in FY2024 €286.4m (down from €398.9m in 2023), focused on selective fleet expansions (e.g., fallpipe vessel Yellowstone) and maintenance; FY2025 CapEx guidance ~€300m (excluding possible larger fleet investments).

Dividend & earnings per share

Board proposes gross dividend €3.80 per share (proposed payment 30 May 2025), up 81% y/y. Basic and diluted EPS €11.40 (FY2024) vs €6.43 (FY2023).

Outlook

Management expects 2025 turnover and EBITDA margin to be at least in line with 2024, supported by the strong backlog and fleet capacity; continues to emphasize opportunities linked to the energy transition.

Extra note

FY2024 performance benefited from strong Offshore Energy execution, positive contributions from joint ventures and associates, and more favorable financial results; auditor has substantially completed the audit with no meaningful corrections flagged.

Summarized from source with an LLMView Source

Key figures

38.3%1Y

63.2%3Y

%5Y

Performance

29.7%1Y

26.7%3Y

27.5%5Y

Volatility