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DEME announces their 2022 full year results

DEME achieved two records in 2022: an orderbook of more than 6 billion euro and an all-time high turnover at 2,655 million euro, an increase of 6% year-over-year. All segments contributed to the turnover growth. In addition, DEME became a publicly traded company, listed on Euronext Brussels.

Highlights:

‒ Orderbook is record strong at 6,190 million euro, up 5% compared to last
year, reflecting continued healthy demand, strong market positioning
and sizeable wins mainly in the Offshore Energy segment.
‒ Group turnover grew 6% year-over-year to 2,655 million euro, with growth in all segments.
‒ EBITDA amounted to 474 million euro, or 17.9% of sales, up from 469 million euro in 2021.
‒ Net profit was 113 million euro compared to 115 million euro a year ago.
‒ Capital expenditure amounted to 484 million euro, compared to 282 million.
euro in 2021, reflecting further expansion of DEME’s fleet.
‒ Proposal for a gross dividend of 1.5 euro per share..

DEME continues into 2023 confident to strengthen their industry leadership and successfully diversify their growth opportunities.

“2022 was a momentous year. Against the background of geopolitical tensions, rapidly
rising inflation, high steel prices and challenges associated with the pandemic, we
performed well. In addition we became a publicly traded Group, listed on the Euronext
Brussels exchange, giving the Group more visibility and support for our strategy.
We enter into 2023 confident in our ability to strengthen our industry leadership and
successfully diversify our growth opportunities, based on the strength of our dedicated
and experienced team. We have a record high orderbook fueled by a growing global interest
in addressing climate change and making the transition to clean energy. To support these
demand trends and our growth ambitions, we are further expanding our advanced fleet.”

Luc Vandenbulcker, CEO of DEME.
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