Posted on November 17, 2025
TRADING UPDATE Q3 2025: ANOTHER RECORD YEAR TAKING SHAPE
Highlights third quarter 2025
- Group nine-month turnover surpassed 3 billion euros, a 3% increase year-over-year
- Order book is 5 billion euros, compared to 7.1 billion euros last year
- Management reiterates its expectations that full-year turnover will be at least in line with 2024 and forecasts a strong year-over-year EBITDA improvement, with the EBITDA margin in the range of 20% to 22%
- DEME took delivery of its new offshore installation vessel Norse Wind in October, completed on schedule, and set to commence operations in the first half of 2026
Order book1
Year-over-year comparison
The group’s order book totals 7.5 billion euros, representing a 5% increase from 7.1 billion euros a year earlier, and remains stable compared with mid-year levels. Offshore Energy and Dredging & Infra reported an order book of over 4 billion euros and 3 billion euros respectively.
In the third quarter, the group secured a combination of follow-on orders for ongoing projects and several new contracts across its contracting segments. These include the transport and installation of foundations and an offshore station for the Formosa 4 project in Taiwan, transport and installation works for inter-array cables for the Nordseecluster B project in Germany, and a contract for cutter dredging work in Africa for Spartacus.
The group continues to experience strong tendering activity and maintains a robust project pipeline, supported by sustained demand across all contracting segments.
DEME Trading Update Q3 2025
