DEME DEME GROUP NV

Trading update Q1 2025: steady first quarter performance and full-year outlook confirmed

Trading update Q1 2025: steady first quarter performance and full-year outlook confirmed

Highlights first quarter 2025

  • Solid start of the year with group turnover at 993 million euros, up 10% compared to 900 million euros a year ago
  • Orderbook remains at a healthy level at 7.6 billion euros, compared to 7.5 billion euros a year ago, excluding orderbook Havfram
  • Management reaffirms guidance for the year for turnover and EBITDA margin at least in line with last year
  • Subsequent to quarter end, DEME has acquired Havfram, a Norwegian offshore wind contractor, supporting DEME’s ambition to expand its footprint in the offshore wind energy market and bolster its competitive edge in turbine and foundation installations.

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EN
14/05/2025

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Benelux Morning Notes

ABN AMRO: Surprise higher cet1 bodes well. Bekaert: In-line 1Q25 revenues, margin guidance more cautious as Specialty misses. Cofinimmo: Counter proposal to Aedifica. DEME Group: Confirms FY25 outlook. D'Ieteren: Solid 2028 targets

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