DEME Group NV

DEME

Equity

ISIN BE0974413453 / Valor 119408628

Euronext - Euronext Brussels (2026-07-31)

EUR 165.20-0.96%

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

Key financials

Turnover €4.15–€4.21bn (group / as reported), EBITDA €930.5m (+22% y/y) representing a 22.4% margin, net profit attributable to the group €346.3m (+20% y/y) and EPS €13.72.

Dividend

Board proposes a gross dividend of €4.50 per share (vs €3.80 prior year), in line with a ~33% payout policy; proposed payment date May 29, 2026, subject to shareholder approval.

Order book

Order book at year-end €7.59bn (down from €8.20bn at end‑2024 but above mid‑2025); Offshore Energy >€4.24bn, Dredging & Infra ≈€2.94bn, Environmental ≈€408m — healthy backlog with multi‑year visibility.

Segment performance

Offshore Energy: turnover €2.13bn, EBITDA €655.1m (+52%), margin 30.7%. Dredging & Infra: turnover €1.95bn, EBITDA €302.4m (15.5% margin), affected by an H1 project loss but stronger H2. Environmental: turnover €271.8m, EBITDA €39.8m (14.7% margin).

Cash flow and balance sheet

Investments €445m in 2025 (including Norse vessels construction payments); excluding those construction payments investments were €247m. Free cash flow was negative €394m including the Havfram acquisition; excluding that transaction free cash flow was +€342m. Net financial position: net debt of ~€391m (net debt/EBITDA ≈0.4) and total cash €846m.

Acquisition & fleet

Havfram acquired April 2025; two next‑generation installation vessels delivered (Norse Wind in Q4 2025, Norse Energi in Jan 2026) with project work starting in 2026. DEME also ordered a new Offshore Construction Vessel for 2028 delivery.

Outlook

Management expects 2026 turnover and EBITDA margin to be in line with 2025 given current backlog and pipeline; estimated CapEx for 2026 around €450m. Management remains confident on the mid‑term outlook.

Other notable items

EBITDA nearly doubled vs 2022 (discipline and scale cited by management), earnings per share €13.72, Belgian Court of Appeal acquitted defendants in the Sabetta case, and DEME will celebrate its 150th anniversary in 2026.

Summarized from source with an LLMView Source

Key figures

25.3%1Y

37.2%3Y

%5Y

Performance

29.7%1Y

28.4%3Y

28.1%5Y

Volatility