Report
Luuk Van Beek

DEME - Wind in the Sails

Wind driving growth, but ROCE remains low partly due to dredgingIn the coming years DEME will benefit from its record order backlog in Offshore Wind with demand from North America and Asia coming on top of a still healthy European market. With the addition of the Orion, the Green Jade, the Yellowstone, the Viking Neptun and the upgrade of the Sea Installer, DEME will have additional capacity available to benefit from the higher demand.The dredging market has bottomed out, but is not showing a firm recovery yet. As a result, we expect it to remain competitive, with profitability below historical
Underlying
DEME GROUP NV

Provider
Degroof Petercam
Degroof Petercam

​We are an investment house with Belgian roots founded on more than 150 years of trust.

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Analysts
Luuk Van Beek

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