DEME’s Environmental segment on the rise

The DEME Group’s Environmental segment achieved double digit turnover growth compared to last year, the company said.

EBITDA for 2024 was 44 million euro, with an EBITDA margin of 12.9%, down from 16.8% a year ago. EBITDA in 2023 included a non-recurring settlement on a completed project in the Netherlands.

Orderbook stood at 352 million euro from 355 million euro a year ago.

The topline growth was driven by ongoing work on long-term and complex remediation and highwater protection projects across Belgium, the Netherlands, UK and Norway.

In Belgium, the Cokeries du Brabant project was successfully completed while the Blue Gate project, initiated in 2016, advanced to the full-scale development phase of the site.

Additionally, the long- term project for the reconversion of a former ArcelorMittal site in Seraing, near Liege commenced.

Other main ongoing projects include Oosterweel in the Antwerp region and Feluy in the Hainaut region.

In the Netherlands, key projects include the dyke reinforcement initiatives GoWA and the recently initiated Marken project.

Work on a PFAS remediation project at Schiphol has been delayed due to permitting issues.

In the UK, the Bowling project was finalized and received recognition at the 2024 Brownfield Awards.

Meanwhile, remediation work for the brownfield joint venture project with Veidekke, near Bergen, Norway, advanced and is set to continue through 2025, said DEME.

Environmental is also working on some selected initial environmental study efforts in the UK and Italy, actively exploring new, targeted opportunities.