DEME Group (DEME) Q1 2026 TU earnings summary

Executive summary

• Group turnover reached €1,016 million in Q1 2026, up 2% year-over-year, reflecting a solid start to the year.

• Order book remained robust at €7.4 billion, with new long-term contracts including a 25-year concession for Paranaguá port in Brazil.

• Management reaffirmed full-year guidance for turnover and EBITDA margin in line with 2025.

• New offshore vessels Norse Wind and Norse Energi were added to the fleet, supporting operational capacity.

Financial highlights

• Turnover increased by 2% year-over-year to €1,016 million, driven by Dredging & Infra segment growth.

• Dredging & Infra turnover rose 9% to €466 million; Offshore Energy stable at €527 million; Environmental segment declined 18% to €63.8 million.

• Order book at €7.4 billion, slightly down from €7.6 billion a year ago.

Outlook and guidance

• Management expects 2026 turnover and EBITDA margin to be in line with 2025, despite macroeconomic uncertainties.

• CapEx for 2026 projected at €450 million, covering fleet upgrades and completion of Norse Energi.