DEME achieves two records in 2022

DEME Group has just released the full year results for the last year.

According to their official statement, DEME achieved two records in 2022: an orderbook of more than 6 billion euro and an all-time high turnover at 2,655 million euro, an increase of 6% year-over-year.

There was healthy demand in all segments, leading to a 285 million euro increase in orderbook compared to December 31, 2021.

A series of contract awards for offshore projects around the globe, including in new geographies, boosted the orderbook.

All segments contributed to the turnover growth. Offshore Energy and Dredging & Infra delivered a 5% and 3% turnover growth, respectively and Environmental increased 24%.

Dredging & Infra slightly improved its topline compared to 2021 despite challenging geopolitical conditions while Offshore Energy achieved several key milestones, including the installation of the largest ever monopile foundations installed in Europe and the completion of an offshore wind farm on a rocky seabed, both industry firsts and demonstrating DEME’s technical and engineering expertise.

Environmental had a busy year with large scale projects in the Benelux, France, Norway and the UK.

Highlights

‒ Orderbook is record strong at 6,190 million euro, up 5% compared to last year, reflecting continued healthy demand, strong market positioning and sizeable wins mainly in the Offshore Energy segment

‒ Group turnover grew 6% year-over-year to 2,655 million euro, with growth in all segments

‒ EBITDA amounted to 474 million euro, or 17.9% of sales, up from 469 million euro in 2021

‒ Net profit was 113 million euro compared to 115 million euro a year ago

‒ Capital expenditure amounted to 484 million euro, compared to 282 million euro in 2021, reflecting further expansion of DEME’s fleet

‒ Proposal for a gross dividend of 1.5 euro per share.