Deme Group Offshore Installation
  • The order book increased by 22% year-over-year, reaching 7,582 million euro in comparison to 6,190 million euro in 2022.
  • Group turnover experienced a 24% growth year-over-year, rising to 3,285 million euro from 2,655 million euro in 2022.
  • EBITDA grew by 26% year-over-year, amounting to 596 million euro or 18.2% of turnover, up from 474 million euro or 17.9% of turnover in 2022.

 Zwijndrecht, The Netherlands — Deme Group NV, the Dutch offshore energy company, said Wedneday its order book increased by 22% year-over-year, reaching 7,582 million euro in comparison to 6,190 million euro in 2022.

The Offshore Energy segment, in particular, demonstrates an exceptional performance with a 57% increase in turnover. This success is attributed to the execution of key installation projects across Europe, Taiwan, and the US. These regions not only signify the company’s geographical expansion but also its commitment to diversifying its market presence.

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The addition of the ‘Green Jade’ and ‘Viking Neptun’ to its fleet marks a significant milestone in enhancing the company’s operational capabilities. These state-of-the-art vessels play a critical role in meeting the rising demands of the offshore energy sector, enabling the company to undertake more complex and larger-scale projects.

The Dredging & Infra segment, known for its reliability and efficiency, continues to deliver steady growth with a 5% increase in turnover. The segment’s high utilization and execution of a range of projects globally, including both maintenance and capital dredging activities, contribute to its solid performance.

Looking Ahead:

As Deme Group NV continues to capitalize on the burgeoning opportunities in the offshore energy and infrastructural sectors, its strategic expansions and fleet enhancements position the company for sustained growth and global influence. The Group’s ability to adapt to the dynamic market demands and its commitment to innovation and excellence are key to its ongoing success and future prospects.

By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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