DEME DEME GROUP NV

Trading update Q3 2025: another record year taking shape

Trading update Q3 2025: another record year taking shape

Highlights third quarter 2025

  • Group nine-month turnover surpassed 3 billion euros, a 3% increase year-over-year
  • Order book is 7.5 billion euros, compared to 7.1 billion euros last year
  • Management reiterates its expectations that full-year turnover will be at least in line with 2024 and forecasts a strong year-over-year EBITDA improvement, with the EBITDA margin in the range of 20% to 22%
  • DEME took delivery of its new offshore installation vessel Norse Wind in October, completed on schedule, and set to commence operations in the first half of 2026

Attachment



EN
13/11/2025

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Reports on DEME GROUP NV

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

AEGON: 3Q in line, UK weak, all eyes on CMD in December. DEME Group: Going into 2026 with a stable order book. D'Ieteren: North America Beron peer Boyd confirms positive l/l in 3Q25, further improvement in 4Q25. KBC: 3Q above, increase in FY25 guidance across the board, first SRT is sizeable. Ontex: Peer Essity acquires Edgewell's Feminine Care activity. SBM Offshore: Progression in markets and earnings. Zabka: CVC and PG sell 100m shares via ABB

Guy Sips ... (+7)
  • Guy Sips
  • Hilde Van Boxstael
  • Jacob Mekhael
  • Mathijs Geerts Danau
  • Thomas Couvreur
  • Wim Hoste
  • Wim Lewi

Morning Notes : AGN NA, AGFB BB, IVA FP, MDXH BB, MELE BB, SOLB BB, DE...

: AGN NA, AGFB BB, IVA FP, MDXH BB, MELE BB, SOLB BB, DEME BB, AUTL US, ZEAL DC, PHVS US

Guy Sips
  • Guy Sips

DEME Although 3Q was weaker y/y another record year is taking shape

As 3Q25 turnover was € 980.9m (-9% y/y also impacted by a strong comparison base), 9M25 turnover surpassed €3bn, still a 3% y/y increase. Although y/y all segments had lower revenues in 3Q (-6% for Dredging & Intra, -12.7% for Offshore Energy, -16.3% for Environmental), DEME indicated that the YtD performance is fuelled by a double-digit YtD growth in the Offshore Energy segment which more than offset softer topline results in other segments compared to strong prior year revenues. Given this 9...

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