Brief: DEME Proposes Gross Dividend Of EUR 2.1 Per Share

DEME NV

28/02/2024 06:41

Feb 28 (Reuters) - DEME Group NV  DEME.BR :
    * PROPOSAL FOR A GROSS DIVIDEND OF 2.1 EURO PER SHARE, AN
INCREASE
OF 40% YEAR-OVER-YEAR
    * FREE CASH FLOW GENERATION IN H2 CONTRIBUTING TO A 512 MLN
EURO
NET FINANCIAL DEBT POSITION (OR 0.9 TIMES EBITDA) AT END OF 2023
VERSUS 521 MLN EURO (OR 1.1 TIMES EBITDA) AT END OF 2022
    * FY CAPITAL EXPENDITURE AMOUNTED TO EUR 399 MLN, COMPARED
TO EUR
484 MLN IN 2022
    * EXPECTS TURNOVER TO CONTINUE TO GROW IN THE COMING YEARS
    * EXPECTS ANNUAL EBITDA MARGIN IN A 16 TO 20% RANGE EACH
YEAR
    * FOR 2024: EXPECTS A TURNOVER GROWTH OF AT LEAST 10%
COMPARED TO
2023 WITH AN EBITDA MARGIN COMPARABLE TO 2023
    * FOR 2024, CAPITAL EXPENDITURE IS ANTICIPATED TO BE BETWEEN
300
AND 350 MLN EURO FOR THE YEAR
    * COMPANY ALSO EXPECTS TO FURTHER REDUCE THE NET FINANCIAL
DEBT
LEVEL IN 2024

Source text for Eikon:  ID:nGLF4YzZ9S 
Further company coverage:  DEME.BR 

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