DEME Group NV

DEME

Equity

ISIN BE0974413453 / Valor 119408628

Euronext - Euronext Brussels (2026-01-16)

EUR 154.40+0.13%

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 €4.101bn; 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 Source

Key figures

9.35%1Y

22.4%3Y

%5Y

Performance

29.0%1Y

26.0%3Y

27.2%5Y

Volatility