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DEME Group (DEME) investor relations material
DEME Group Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 TU earnings summary13 Nov, 2025
Executive summary
Nine-month turnover exceeded €3 billion, up 3% year-over-year, with a record order book of €7.5 billion, a 5% increase from last year.
Management expects full-year turnover at least in line with 2024 and a strong year-over-year EBITDA improvement, targeting a 20–22% EBITDA margin.
Delivery of the new offshore installation vessel Norse Wind in October, with operations to start in H1 2026; further fleet expansion announced.
Financial highlights
Group turnover for the first nine months reached €3.1 billion, a 3% increase year-over-year.
Offshore Energy segment turnover grew 11% year-to-date, offsetting declines in other segments.
Q3 turnover was €980.9 million, down 9% from Q3 2024.
Order book at €7.5 billion, up 5% year-over-year, with Offshore Energy and Dredging & Infra at over €4 billion and €3 billion, respectively.
Outlook and guidance
Full-year turnover expected to match or exceed 2024, with a strong EBITDA margin of 20–22%.
Full-year CapEx forecasted at €300 million, excluding €900 million for the Havfram acquisition and vessel deliveries.
Explain segment turnover divergence vs. EBITDA outlook.
Impact of 900M euro vessel investment on future growth?
Concessions portfolio strategy: divestments vs. new wins?
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Next DEME Group earnings date
Q4 202526 Feb, 2026
Next DEME Group earnings date
Q4 202526 Feb, 2026
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