DEME Group NV
F:MT0
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DEME Group NV
F:MT0
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Iress Ltd
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Rational AG
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DEME Group NV
DEME Group is a marine engineering and contracting company that works in the water and on the coast. It digs and deepens shipping channels, builds ports and offshore foundations, installs cables, and carries out land reclamation and environmental cleanup work. In simple terms, it helps prepare seabeds, shorelines, and offshore sites for large infrastructure and energy projects. Its main customers are governments, port authorities, energy companies, utilities, and industrial clients. DEME usually earns money by bidding for and executing projects, then getting paid for design, construction, installation, and maintenance work. A lot of its business comes from specialized vessels, heavy equipment, and teams that can handle difficult marine conditions. What makes DEME different is its role in the offshore and marine value chain. It is not a typical construction company on land; it focuses on technically demanding work where water depth, weather, and seabed conditions matter. That gives it a strong position in dredging, offshore wind support, and environmental marine works, where customers need a contractor with the right fleet and technical know-how.
DEME Group is a marine engineering and contracting company that works in the water and on the coast. It digs and deepens shipping channels, builds ports and offshore foundations, installs cables, and carries out land reclamation and environmental cleanup work. In simple terms, it helps prepare seabeds, shorelines, and offshore sites for large infrastructure and energy projects.
Its main customers are governments, port authorities, energy companies, utilities, and industrial clients. DEME usually earns money by bidding for and executing projects, then getting paid for design, construction, installation, and maintenance work. A lot of its business comes from specialized vessels, heavy equipment, and teams that can handle difficult marine conditions.
What makes DEME different is its role in the offshore and marine value chain. It is not a typical construction company on land; it focuses on technically demanding work where water depth, weather, and seabed conditions matter. That gives it a strong position in dredging, offshore wind support, and environmental marine works, where customers need a contractor with the right fleet and technical know-how.
Record Profitability: DEME delivered record first-half profitability, with EBITDA up 35% year-on-year and EBITDA margin reaching 21.9%, driven by strong offshore energy performance.
Revenue Growth: Turnover rose 10% to EUR 2.1 billion, surpassing EUR 2 billion for the first time, fueled by a 27% revenue increase in Offshore Energy.
Offshore Energy Segment: Offshore Energy was the standout segment, delivering a 31% EBITDA margin, benefiting from high fleet utilization, solid project execution, and one-off gains.
Order Book Stable: Order book remains strong at EUR 7.5 billion, including the newly acquired Havfram backlog, and management sees no major concerns with order intake or pipeline.
Upgraded Outlook: Management now expects full-year EBITDA margin to slightly exceed 20% and turnover to be at least in line with 2024, raising previous margin guidance.
CapEx & Acquisitions: CapEx for the first half was EUR 141 million (excluding the Havfram acquisition), with full-year CapEx still guided at EUR 300 million, excluding Havfram.
One-Off Items & Project Risks: Results included one-off gains (Sea Challenger sale, US project cancellation fee), but also further losses on a large Belgian marine project, which management believes are now fully provisioned for.
Havfram Integration: Havfram acquisition and the upcoming delivery of two new vessels are progressing well, expected to contribute meaningfully from 2026 onward.
