DEME jumps on strong FY results, 2023 outlook

DEME NV

27/02/2023 08:52

** Shares in DEME  DEME.BR  rise 3% after the Dutch dredging
group posted revenue and order book growth for 2022 and forecast
a further revenue jump this year
    ** DEME expects higher revenues in 2023 and an EBITDA margin
comparable to last year
    ** KBC points to a "good set of results" and highlights
growing demand trends in the offshore energy division
    ** "End-FY orderbook came in at 6.19 billion euros ($6.53
billion), an increase of 285 million euros y/y and an all-time
high," the broker says
    ** ING also underscores a "strong set of numbers" and cites
higher-than-expected dividend, lower-than-expected net debt,
strong order book and outlook statement with clear direction
    
($1 = 0.9474 euros)

 (Reporting by Federica Mileo in Gdansk)
 ((Federica.mileo@thomsonreuters.com))