Brief: DEME H1 EBITDA Rises To 222 Million Euros

DEME NV

29/08/2023 07:12

Aug 29 (Reuters) - DEME Group NV  DEME.BR :
    * H1 ORDERBOOK AT 7.7 BILLION EURO, UP 36% COMPARED TO H1
2022,
REFLECTING CONTINUED HEALTHY DEMAND AND STRONG MARKET
POSITIONING ACROSS ALL SEGMENTS
    * H1 GROUP TURNOVER GREW 14% YEAR-OVER-YEAR TO 1.5 BILLION
EURO,
WITH GROWTH IN THE OFFSHORE ENERGY AND ENVIRONMENTAL SEGMENTS
    * H1 EBITDA AMOUNTED TO 222 MILLION EURO, OR 15.0% OF SALES,
UP
FROM 191 MILLION EURO OR 14.8% IN THE FIRST HALF OF 2022
    * H1 NET PROFIT WAS 30 MILLION EURO, DOWN FROM 39 MILLION
EURO A
YEAR AGO, PRIMARILY DUE TO NEGATIVE EXCHANGE RATE RESULTS
    * H1 CAPITAL EXPENDITURE AMOUNTED TO 216 MILLION EURO,
COMPARED TO
226 MILLION EURO FOR THE FIRST HALF IN 2022, REFLECTING
CONTINUED INVESTMENTS IN DEME’S FLEET
    * OUTLOOK: DEME REITERATES OUTLOOK FOR YEAR WITH MANAGEMENT
EXPECTING TURNOVER TO BE HIGHER THAN 2022 AND THE EBITDA MARGIN
TO BE COMPARABLE TO 2022
    * OUTLOOK: CAPEX FOR THE YEAR IS NOW ANTICIPATED TO BE
AROUND EUR
425 MILLION
    * H1 EBIT EUR 57.1 MILLION VERSUS EUR 40.1 MILLION YEAR AGO
    * STIJN GAYTANT TO BE APPOINTED CFO IN SPRING 2024,
SUCCEEDING ELS
VERBRAECKEN
    * H1 EARNINGS PER SHARE WERE 1.19 EURO, COMPARED TO A 1.56
EURO
FOR THE FIRST HALF OF 2022

Source text: https://tinyurl.com/mp7ueah7
Further company coverage:  DEME.BR 

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