DEME shares rise as order intake doubles

DEME NV

13/05/2026 09:21

** Shares in Belgian dredging and offshore contractor DEME DEME.BR rise 3.4%, paring gains after rising as much as 6%, after its first-quarter order intake doubled on the back of a large dredging contract

** "DEME maintains a solid project pipeline supported by healthy tendering activity," Jefferies says

** The broker adds the order intake reached 793.4 million euros, reflecting, among others, a 25-year concession for port access in Brazil

** "Sentiment in offshore wind is improving after the successful AR7 auction in the UK," Jefferies says

** The broker also points out that first-quarter turnover grew 2% to 1.01 billion euros, driven by solid demand and strong fleet utilisation

** If gains hold, DEME shares are up 43.4% YTD - LSEG data

(dimitri.rhodes@thomsonreuters.com)

((Reporting by Dimitri Rhodes in Gdansk))