Core Insights - DEME has successfully delivered its new wind turbine installation vessel, Norse Wind, at CIMC Raffles Shipyard, marking a significant advancement in offshore wind installation capabilities [1] Group 1: Vessel Features - The Norse Wind is designed to install the next generation of offshore wind turbines, indicating a focus on future-proofing installation technology [1] - The vessel incorporates advanced technology and sustainable design features, which enhances its installation capability and aligns with industry trends towards sustainability [1] Group 2: Industry Implications - The delivery of Norse Wind reflects the growing demand for advanced offshore wind installation solutions, as the industry shifts towards larger and more efficient wind turbine technologies [1]

Core Insights - DEME has secured a significant contract for the transport and installation of inter-array cables for the Nordseecluster B offshore wind farm in Germany [1] - The Nordseecluster project is a collaboration between RWE, holding a 51% stake, and Norges Bank Investment Management, which owns 49% [1] Company Summary - DEME is involved in the offshore wind sector, specifically focusing on the Nordseecluster B project [1] - The contract highlights DEME's capabilities in handling large-scale offshore wind projects [1] Industry Summary - The Nordseecluster represents a growing trend in offshore wind energy development in Germany [1] - The partnership between RWE and Norges Bank Investment Management indicates strong investment interest in renewable energy projects [1]

Core Insights - DEME, through its Taiwanese joint venture CDWE, has secured a significant contract for the Formosa 4 offshore wind farm in Taiwan [1] Group 1 - The contract includes the transport and installation of 35 foundations and the offshore substation [1] - The scope of work also encompasses scour protection works [1]

Core Insights - DEME is expanding its fleet with a new Offshore Construction Vessel (OCV) to enhance its subsea cable installation capacity in response to the growing global offshore wind market [1] - The new vessel is designed for versatility, capable of performing trenching, burial, and cable-laying operations, which will complement DEME's existing cable installation vessels, Living Stone and Viking Neptun [1]

Group 1 - DEME has signed a contract for the reinforcement of the Lekdijk in the Netherlands [1] - The project involves collaboration with Heijmans and GMB in the Lekensemble consortium [1] - The reinforcement aims to protect hundreds of thousands of residents from high water as part of the Dutch Flood Protection Program [1]

Core Insights - Ackermans & van Haaren reported a strong profit growth of 273 million euros for H1 2025, representing a 36% increase compared to the previous period [1] Group 1: Financial Performance - The half-year results were bolstered by record performances from DEME, Delen Private Bank, Bank Van Breda, and SIPEF [1] - Nextensa showed a significant improvement in results [1] - The company maintains a positive net cash position of 431 million euros [1] Group 2: Outlook - The outlook for the full-year 2025 has been strengthened, with net profit expected to increase by at least 15% [1]

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]

DEME (Euronext: DEME) held its Annual and Extraordinary General Meeting today at the DEME headquarters. Reference is made to the agendas as shared in the convening notice. The shareholders have approved all agenda items of both the Annual and the Extraordinary General Meeting. Attachment P2025 DEME AGM 20250521 ENG ...

Group 1 - The company reported a solid start to the year with group turnover reaching 993 million euros, reflecting a 10% increase compared to 900 million euros a year ago [3] - The order book remains healthy at 7.6 billion euros, slightly up from 7.5 billion euros a year ago, excluding the order book from Havfram [3] - Management has reaffirmed guidance for the year, expecting turnover and EBITDA margin to be at least in line with last year's performance [3] Group 2 - Subsequent to the quarter end, the company acquired Havfram, a Norwegian offshore wind contractor, which supports its ambition to expand in the offshore wind energy market [3] - The acquisition is expected to bolster the company's competitive edge in turbine and foundation installations [3]

Core Points - DEME has successfully completed the acquisition of Havfram, an international offshore wind contractor based in Norway [1] - The acquisition was announced on April 9, 2025, and is valued at approximately 900 million euros [1] - All customary closing conditions for the transaction have been met [1]