Belgium's DEME EBITDA rises 22%, beats estimates

DEME NV

26/02/2026 06:20

Overview

Belgium-based marine engineering firm's revenue rose to 4.2 bln euros, up from 4.1 bln euros a year ago

EBITDA rose 22% to 931 mln euros, beating analyst expectations

Net profit increased 20% to 346 mln euros

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

EBITDA GROWTH - DEME reported a 22% increase in EBITDA, reaching 931 mln euros, surpassing analyst estimates

VESSEL DELIVERY - DEME took delivery of two next-generation offshore installation vessels, Norse Wind and Norse Energi, with project work commencing in 2026

ORDER BACKLOG - Order book stood at 7.6 bln euros at the end of the year, down from 8.2 bln euros a year ago

Company press release: ID:nGNE1zJwhl

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY EBITDA
Beat
EUR 931 mln
EUR 874.86 mln (7 Analysts)
FY EBITDA Margin
22.40%
FY Net Debt
-EUR 391 mln
FY Order Backlog
EUR 7.60 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for DEME Group NV is €197.50, about 2.1% above its February 25 closing price of €193.40

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)