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 (26.11.2025):
DEME Group NV — full year 2024 (FY 2024) results: the company reported an outstanding set of full-year numbers showing strong top‑line and profit growth, record orderbook and a marked cash turnaround. Revenue rose to €4.10 billion, EBITDA to €764 million and net profit to €288 million, while free cash flow was unusually high and net financial debt flipped to a net cash position at year‑end.
Top‑line and margins
Turnover grew 25% year‑over‑year to €4.10 billion. EBITDA rose 28% to €764.2 million with an EBITDA margin of 18.6% (versus 18.2% in 2023); EBIT reached €353.6 million (8.6% margin).
Net profit and EPS
Net profit increased 77% to €288.2 million. Basic and diluted earnings per share were €11.40 (up from €6.43 in 2023).
Orderbook — record level
Orderbook at year‑end 2024 stood at €8.20 billion (up 8% y/y), driven mainly by Offshore Energy contracts and a strong fill rate despite large backlog conversion into revenue.
Cash flow and balance sheet
Free cash flow was exceptionally strong at €728.5 million. DEME reversed a €512 million net financial debt position at end‑2023 to a net cash position of €91.1 million and total cash of €853.4 million at 31‑Dec‑2024.
Capital expenditure
CapEx for 2024 was €286.4 million (down from €399 million in 2023), focused on fleet expansions (e.g., Yellowstone, Karina) and capitalized maintenance.
Dividend
The Board proposes a gross dividend of €3.8 per share (an 81% increase versus prior year), in line with the policy targeting ~33% pay‑out of net profit; proposed payment date 30 May 2025, subject to shareholder approval.
Segment performance — Offshore Energy
Offshore Energy revenue rose 37% to €2,055.0 million and delivered an EBITDA of €431.8 million with a 21.0% margin. Fleet utilization improved to ~47 weeks (≈90% occupancy).
Segment performance — Dredging & Infra and Environmental
Dredging & Infra turnover grew 22% to €1,962.6 million (EBITDA €358.3m; 18.3% margin). Environmental turnover rose 11% to €336.8 million, with EBITDA of €43.6 million (12.9% margin).
Outlook
Management expects 2025 turnover and EBITDA margin to be at least in line with 2024 given current backlog and pipeline. 2025 CapEx is estimated around €300 million (before any larger fleet expansion decisions).
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4009 M
Market cap (USD)
11,867
Daily traded volume (Shares)
136.8 / 135.2
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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