DEME DEME GROUP NV

Full year results: Outstanding 2024 - strong increases in turnover and profit, positive net cash, unmatched orderbook

Full year results: Outstanding 2024 - strong increases in turnover and profit, positive net cash, unmatched orderbook

Highlights financial year 2024

  • Orderbook stands at 8.2 billion euro at the end of the year, up from 7.6 billion euro a year ago
  • Group turnover grew 25% year-over-year to 4.1 billion euro, with solid growth in all contracting segments
  • EBITDA rose 28% reaching 764 million euro, or 18.6% of turnover, up from 596 million euro, or 18.2% of turnover for 2023
  • Net profit increased by 77%, reaching 288 million euro, compared to 163 million euro a year ago
  • Unprecedented free cash flow generation in 2024, amounting to 729 million euro; resulting in a net cash position of 91 million euro at year-end from a net financial debt of 512 million euro at the end of 2023
  • Proposal for a gross dividend of 3.8 euro per share, compared to 2.1 euro a year ago



Attachment



EN
26/02/2025

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DEMEDEME GROUP NV

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Reports on DEME GROUP NV

ING Helpdesk
  • ING Helpdesk
WKL Wolters Kluwer ...
COLR Etablissementen... ... (+10)

Benelux Morning Notes

AB InBev: Cash is King. Adecco: 4Q24 result beats by 6%, stabilising trends in 4Q24, balance sheet relief. ASM International: 1H25 guidance slightly better but orders missed in 4Q24. Colruyt: Expects to open OKay stores on Sundays. Deceuninck: Soft FY24 results due to Turkey. DEME Group: Strong FCF. JDE Peet's: Mean green beans. Kinepolis: Peer AMC 4Q24 results. NEPI Rockcastle: Strong performance at all levels. Wolters Kluwer: FY24 results; in line, new CEO in 2026

WKL WOLTERS KLUWER NV
COLR ETABLISSEMENTEN FRANZ COLRUYT N.V.
DECB DECEUNINCK S.A.
ASM ASM INTERNATIONAL N.V.
KIN KINEPOLIS GROUP NV
ABI ANHEUSER-BUSCH INBEV SA/NV
AD KONINKLIJKE AHOLD DELHAIZE N.V.
JDEP JDE PEET'S NV
DEME DEME GROUP NV
19XX NEPI ROCKCASTLE N.V.
2h / 31m 2h / 31m 1 EN
Guy Sips ... (+6)
  • Guy Sips
  • Kristof Samoy
  • Michiel Declercq
  • Thibault Leneeuw
  • Thomas Couvreur
  • Wim Hoste
ABN ABN AMRO Bank N...
WKL Wolters Kluwer ... ... (+11)

Morning Notes : ABI BB, ABN NA, AED BB, ASM NA, DECB BB, IBAB BB, VPK ...

: ABI BB, ABN NA, AED BB, ASM NA, DECB BB, IBAB BB, VPK NA, WKL NA, AZE BB, DEME BB, JDEP NA

ABN ABN AMRO BANK NV DEPOSITARY RECEIPTS
WKL WOLTERS KLUWER NV
DECB DECEUNINCK S.A.
ASM ASM INTERNATIONAL N.V.
IBAB ION BEAM APPLICATIONS SA
ROYAL VOPAK NV
AED AEDIFICA SA
ABI ANHEUSER-BUSCH INBEV SA/NV
JDEP JDE PEET'S NV
AZE AZELIS GROUP NV
DEME DEME GROUP NV
2h / 47m 2h / 47m 1 EN
Guy Sips
  • Guy Sips
DEME DEME GROUP NV

DEME FIRST LOOK - very nice set of FY24 results with impressive FCF ge...

We maintain our positive stance (Buy, € 175 TP) after a very good set of results. We welcome DEME's end FY24 orderbook reached a new record (€ 8bn), even with the high conversion of backlog into revenue. The 8% y/y growth was mainly driven by continued increases in Offshore Energy orders (+13% y/y to € 4.3bn). While Dredging&Infra (€ 3.6bn) experienced a more moderate but still healthy rise, Environmental (€ 352m) maintained a stable orderbook. With effective project execution on several offshor...

3h / 31m 3h / 31m 1 EN
 PRESS RELEASE
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DEME DEME GROUP NV

Full year results: Outstanding 2024 - strong increases in turnover and...

Full year results: Outstanding 2024 - strong increases in turnover and profit, positive net cash, unmatched orderbook Highlights financial year 2024 Orderbook stands at 8.2 billion euro at the end of the year, up from 7.6 billion euro a year agoGroup turnover grew 25% year-over-year to 4.1 billion euro, with solid growth in all contracting segmentsEBITDA rose 28% reaching 764 million euro, or 18.6% of turnover, up from 596 million euro, or 18.2% of turnover for 2023Net profit increased by 77%, reaching 288 million euro, compared to 163 million euro a year agoUnprecedented free cash flow ge...

4h / 51m 1 EN
 PRESS RELEASE
Free
DEME DEME GROUP NV

Resultaten voor het volledige jaar: Uitstekend 2024 - sterke groei in ...

Resultaten voor het volledige jaar: Uitstekend 2024 - sterke groei in omzet en winst, positieve nettokaspositie, orderboek op recordniveau Hoogtepunten boekjaar 2024 Het orderboek bedroeg 8,2 miljard euro, een stijging ten opzichte van 7,6 miljard euro een jaar geledenDe omzet van de groep steeg met 25% jaar over jaar tot 4,1 miljard euro, dankzij stevige groei in alle contracting segmentenDe EBITDA steeg met 28% tot 764 miljoen euro, of 18,6% van de omzet, een stijging tegenover 596 miljoen euro of 18,2% van de omzet in 2023De nettowinst steeg met 77% tot 288 miljoen euro tegenover 163 mi...

4h / 51m 1 EN

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