Deme jumps after H1 beat, lifted guidance

DEME NV

26/08/2025 08:20

** Shares in DEME DEME.BR jump about 4.5% after the Belgian dredging company reported first-half results above expectations and lifted its full year margin guidance

** DEME said its core earnings (EBITDA) stood at 464 million euros ($543.20 million) in the first half, and forecast full-year EBITDA margin above 20%

** It had previously guided for a margin "at least in line" with 18.6% reported in 2024

** The new guidance will likely trigger full-year EBITDA consensus updates of about 10%, says Jefferies

** The group also confirmed its capital expenditure forecast of around 300 million euros for 2025

** This will "significantly boost DEME's sustainable operational capacity," says KBC Securities

** Including Tuesday's rise, the Brussels-listed stock has gained around 2% YTD​

($1 = 0.8542 euros)

 (Reporting by Alessandro Parodi)

 ((Alessandro.Parodi@thomsonreuters.com;))