DEME FIRST LOOK : Raising its turnover outlook for FY24
We will update (read increase) our forecast for FY24E as -building on strong 1H24 results- DEME has raised its turnover outlook for the full year and now anticipates revenue growth of around 20% (was before above 10%) with an EBITDA margin comparable to FY23 (18.2%). We already upgrade our rating from Accumulate to Buy.