Half-year results 2025: strong first half delivers record profitability; full-year EBITDA guidance raised

Group Performance - Group turnover grew 10% year-over-year to 2.1 billion euros, driven by continued strong growth in Offshore Energy [3] - EBITDA increased 35% to a record level of 464 million euros, or 21.9% of turnover, up from 345 million euros, or 18.0% of turnover, for the first half of 2024 [3] - Net profit increased 27%, reaching 179 million euros, compared to 141 million euros a year ago [3] Strategic Developments - DEME acquired Havfram, a Norwegian offshore wind contractor, reinforcing its ambition to expand in the offshore wind energy market and strengthening its competitive edge in turbine and foundation installations [3] - The two Havfram vessels under construction are on schedule for delivery - one at the end of 2025 and the other in early 2026 [3] Future Outlook - Order book stood at 7.5 billion euros as of June 30, 2025, including the Havfram order book, compared to 7.6 billion euros a year ago [3] - Management reaffirms its expectation that full-year turnover will be at least in line with 2024 and now anticipates full-year EBITDA margin to slightly exceed 20% [3]