DEME is releasing its 2023 Annual Report today, marking the second report since the company's stock listing in 2022. As announced at the end of February, the results underscore the company's solid trajectory, including a notable 22% increase in the orderbook and a record-high turnover of 3.3 billion euros. The year was defined by significant advancements in geographic expansion, the introduction of innovative vessels, substantial growth, and several major wins.
22% surge in orderbook, record-high turnover of 3.3 bn euro
In their joint message in the Annual Report, CEO Luc Vandenbulcke and ChairmanLuc Bertrand, emphasise: "We are pleased to say that all of our four segments, Offshore Energy, Dredging & Infra, Environmental and Concessions, have put in a strong performance. Our strategy of leveraging the synergies between them with mutual reinforcement is certainly working."
"Behind our success is an immense amount of hard work, determination, smart thinking, and ingenuity. Our people are renowned for their inventive, innovative spirit and their commitment. They work every day to ensure we deliver on our promises to our customers worldwide. We would personally like to thank them for the huge efforts they have made in 2023."
Creating a better, liveable world
The Annual Report showcases DEME's commitment to building a better, more liveable world. DEME is at the forefront of the energy transition, actively addressing critical global challenges: climate change, a growing population and urbanisation, increasing maritime trade and environmental issues. The report details our eight key sustainability themes, highlighting our dedication to sustainable performance and the progress achieved throughout the year.
The Annual Report is available on DEME's Investor portal at https://www.deme-group.com/annual-report-2023
The Dutch version of the report will be available online on April 12, 2024.
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DEME Group NV is a global marine sustainable solutions provider. The activity is organized around four segments:
- DEME Offshore Energy: In this segment, the Group provides engineering and contracting services globally in the offshore renewables and non-renewables sectors. In the offshore renewables, the Group is involved in the full Balance of Plant scope for offshore wind farms. This includes the engineering, the procurement, the construction and the installation of foundations, turbines, inter-array cables, export cables and substations. The Group also offers operations and maintenance, logistics, repair, decommissioning and salvage services to the market. In the offshore non-renewables, the Group performs landfalls, rock placement, heavy lift and decommissioning services;
- DEME Dredging & Infra: In this segment, the Group performs a wide variety of dredging activities worldwide, including capital and maintenance dredging, land reclamation, port construction, coastal protection and beach nourishment works. The Group also provides engineering and contracting services for other types of marine infrastructure projects, such as port terminals, canals, bored and immersed tunnels, bridges and dams. In addition, the Group is active in the marine aggregates business, which includes dredging, processing, storage and transport of aggregates;
- DEME Environmental: The Group offers innovative solutions for soil remediation and brownfield redevelopment, as well as environmental dredging and sediment treatment. It is mainly active in the Benelux, France, and other European countries on a project-by-project basis;
- DEME Concessions: DEME Concessions is the investment and development arm of the Group. It invests in, develops, builds and operates greenfield and brownfield projects in three sectors: offshore wind, dredging and marine infrastructure, and green hydrogen. Besides creating economic value on its projects and generating equity returns on its investments, it also aims to secure regular activities for the Group contracting activities in the EPC phases of its projects. DEME Concessions also has a deep-sea exploration division (GSR) that holds concessions of polymetallic nodules and that is developing a technology to collect and process those nodules containing nickel, cobalt, manganese and copper from the deep ocean floor.