DEME posts full year results 2024

DEME Group announced its full year results 2024 today, reporting a turnover of almost 2 billion euro in their Dredging & Infra segment – marking a 22% increase from the previous year.

Orderbook remains steady at 3.6 billion euro, driven by demand across various regions.

Driven by sustained high activity levels and disciplined project execution, EBITDA grew by 20%, resulting in a solid EBITDA margin of 18.3%, compared to 18.6% in 2023, said DEME.

In Europe, Dredging & Infra maintained strong activity levels on both capital dredging and maintenance dredging projects, further expanding its presence in several strategic regions.

In Belgium, maintenance dredging activities were carried out on the river Scheldt.

On the infrastructure side, notable progress was made on the Oosterweel Connection project, including tunnel element construction and work at the left bank site.

Additionally, the Princess Elisabeth Island project advanced with the construction of the caissons, seabed preparation and foundation layer installation.

In the Netherlands, DEME Infra successfully completed the Rijnlandroute and Blankenburg Connection projects and celebrated the inauguration of the New Lock Terneuzen in October, representing three milestone marine infrastructure projects and demonstrating DEME’s ability to leverage its synergies across various activities.

In Italy, the segment is actively engaged in modernization works in Ravenna and extension projects in Livorno and Naples.

In France, civil works for the Port-La Nouvelle development advanced into a new phase including constructing a new jetty.

Also in France, Dredging & Infra completed rock dredging works at La Pallice, La Rochelle in the first half of 2024 and recently secured a sizeable contract to build a new access channel in Le Havre, protected by a breakwater and linking Port 2000 with the Seine estuary.

Work will commence as of 2025.

In Germany, Dredging & Infra has completed the first widening phase of the Kiel Canal and secured a new contract for the construction of an offshore wind terminal at the port of Cuxhaven. The works will commence as of 2025.

In Denmark, construction of tunnel elements for the Fehmarnbelt tunnel project is advancing, and preparations for the installation phase are continuing with the delivery of the immersion pontoon in the second half of 2024.

In the UK, DEME successfully completed maintenance work on the access channel to London Gateway Port along the River Thames.

Additionally, the team secured a contract for the Port of Ardersier including capital dredging for the port and access channel with the works scheduled to start 2025.