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DEME: Trading update Q1 2026; Turnover Tops €1 Billion

Posted on May 13, 2026

The new jack-up offshore transport & installation vessel, Norse Wind, was successfully added to the fleet, and following its naming ceremony held in March, the vessel departed for its first assignment in Europe. DEME also took delivery of the sister vessel, Norse Energi, which arrived in Europe in April and is scheduled to commence operations in the summer of 2026.

In terms of geographic footprint, DEME’s direct exposure to the Middle East remains limited, representing approximately 1% of the order book as disclosed at year-end. Apart from its Port of Duqm concession in Oman, DEME currently has no operational activity in the Gulf region.

Outlook 2026

The following statements are forward looking, and actualresults may differ materially.

Global macroeconomic turbulence and uncertainties notwithstanding, DEME’s operations remain robust, and management continues to focus on delivering sustainable, profitable results.

Following a solid first quarter, DEME’s management reaffirms its 2026 guidance which calls for turnover and EBITDA margin to be in line with 2025.

CapEx for 2026 remains projected to be around 450 million euros, including upgrade, repair and maintenance investments in the fleet, the payment for the completion of Norse Energi. Potential further large capacity expansion to support longer term growth opportunities is not included at this stage.

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