DEME Scores Record Turnover in 2013

March 3, 2014

DEME Group released its 2013 results on February 28, highlighting that the company reached a record turnover of EUR 2.53 billion, an increase of 32% compared to the previous year.

EBITDA increased by 25% to EUR 437.8 million, and net profit amounted to EUR 109.1 million, an increase of 22% compared to 2012. The order book – well spread worldwide across all activities – stayed at a high level of 3.05 billion on December 31, 2013.

Although world economies are facing sluggish growth and experiencing major difficulties in overcoming the recession, DEME maintained a high level of activity in Europe, the Middle East, Australia, Africa and South America.

DEME’s specialized marine and offshore engineering companies GeoSea, Tideway and Scaldis saw business expanding, owing to the rapid growth of the renewable energy market and oil and gas-related developments on several continents.

GeoSea will undertake works on 8 offshore windfarm projects in 2014 and 2015: Northwind (Belgium), Baltic 2 (Germany), Godewind (Germany), Westermost Rough (UK), Borkum Riffgrund 1 (Germany), Amrunbank West (Germany), Butendiek (Germany) and Kentish Flats Extension (UK).

Press release, March 3, 2014; Image: DEME