Posted on May 14, 2025
Orderbook at group level remained solid at 7.6 billion euros, compared to 7.5 billion euros a year ago and 8.2 billion euros at the end of 2024, the latter marking an all-time high. First quarter additions included some follow-on contracts for ongoing projects along with a number of smaller projects across all contracting segments. As the acquisition of Havfram was completed subsequent to the end of the first quarter, the group orderbook for 1Q25 does not include Havfram’s orderbook (estimated at around 600 million euro) which will be consolidated as of the second quarter.
Following a series of outstanding quarters in 2024, group revenues remained at a high level during the first quarter of 2025, resulting in a 10% year-over-year increase. This growth was driven by a very strong performance in the Offshore Energy segment reflecting high activity levels and effective project execution and partially offset by lower revenues for the Dredging & Infra and Environmental segments, mainly due to project phasing and a strong 1Q24 comparison base.
Strategic developments
In April 2025, DEME completed the strategic acquisition of Havfram, a Norwegian offshore wind contractor, strengthening its position in the offshore wind market and supporting DEME’s ambition to expand future turbine and foundation installation capabilities. Integration is planned to take largely place during 2025, with two next generation vessels expected for delivery in the fourth quarter of this year and early 2026 respectively and contracted as of the second half of 2026.
