DEME Group NV
DEME
ISIN BE0974413453 / Valor 119408628
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: IndustrialsLatest Results (09.01.2026):
DEME Group NV — Full Year 2024: DEME reported an outstanding FY2024 with turnover of €4.10 billion (+25% y/y), EBITDA of €764 million (+28%, 18.6% margin), and net profit of €288 million (+77%). The company generated exceptional free cash flow (€729 million), moved from €512 million net debt at end-2023 to a net cash position of €91 million at year-end, and closed the year with a record orderbook of €8.20 billion.
Key financials
Turnover €4.101bn; EBITDA €764.2m (18.6% margin); EBIT €353.6m; Net profit €288.2m; EPS €11.40. CapEx for 2024: €286m (down vs €399m in 2023).
Cash, liquidity and cash generation
Free cash flow €728.5m (vs €61.6m in 2023). Total cash €853.4m. Net financial position: net cash €91.1m at 31 Dec 2024 (versus net financial debt €512.2m at 31 Dec 2023).
Orderbook and backlog visibility
Orderbook at €8.20bn (up 8% y/y). Run-off shows ~€3.64bn for N+1 (2025) and material volumes for subsequent years, supporting mid-term visibility.
Dividend
Board proposes a gross dividend of €3.80 per share (proposed payment date 30 May 2025), up 81% from €2.10 last year (target pay-out ~33% of net profit).
Segment highlights — Offshore Energy
Offshore Energy turnover €2.055bn (+37%); EBITDA €431.8m; EBITDA margin 21.0%. Fleet utilization rose (47 weeks average). Orderbook for segment €4.26bn (+13%). Notable projects: Dogger Bank, Moray West, Coastal Virginia, Taiwan projects; new fallpipe vessel ‘Yellowstone’ added.
Segment highlights — Dredging & Infra and Environmental
Dredging & Infra turnover €1.963bn (+22%), EBITDA €358.3m (18.3% margin), orderbook €3.59bn. Environmental turnover €336.8m (+11%), EBITDA €43.6m (12.9% margin); Environmental orderbook ~€352m.
Concessions and associates
Net result from associates/concessions €12.5m (down from €37.4m in 2023), affected by softer wind production in H2 2024. HYPORT and green hydrogen partnerships progressing (bp equity partner in Duqm).
Outlook
Management expects 2025 turnover and EBITDA margin to be at least in line with 2024 given current backlog and pipeline. Estimated 2025 CapEx ~€300m (before any larger fleet expansion decisions).
ESG & safety
GHG-intensity reduced 30% vs 2008 baseline; EU Taxonomy: 45% turnover taxonomy-eligible, 42% taxonomy-aligned. Low-carbon fuel use 5.8% of fuel (down vs 2023). Worldwide LTIFR improved to 0.10.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
5836 M
Market cap (USD)
13,529
Daily traded volume (Shares)
136.8 / 135.2
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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Ratings & reviews
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