Belgian offshore contractor DEME said its offshore energy division’s turnover rose 11% year-to-date to nearly €1.7 billion, supported by sustained vessel utilisation and activity across its global project portfolio.
“Full-year turnover will be at least in line with 2024, and we expect a strong improvement in EBITDA, with the margin projected between 20% and 22%,” the company said in its third-quarter trading update.
DEME’s offshore energy order book increased to €4.2 billion from €3.8 billion a year earlier, boosted by follow-on work and new awards including the Formosa 4 project in Taiwan and Nordseecluster B in Germany.
In October, DEME received its new offshore installation vessel, Norse Wind, which is scheduled to begin operations on European wind projects in the first half of 2026. Its sister vessel, Norse Energi, is expected early next year.
In the United States, DEME completed installation of all 176 monopiles ahead of schedule at Dominion Energy’s Coastal Virginia Offshore Wind project and is now installing transition pieces. The company also completed monopile and transition piece installation at Vineyard Wind and is preparing cable works for Empire Wind 1.
In Europe, DEME finalised monopile and transition piece work at Île d’Yeu and Noirmoutier and began jacket installation at Dieppe-Le Tréport. Progress continued on inter-array cabling at Baltic Power in Poland and on Dogger Bank C in the UK, with preparations ongoing for IJmuiden Ver Alpha, Nederwiek 1, and Oranjewind in the Netherlands.
In Taiwan, DEME’s Green Jade vessel finished all jacket foundation installations for Hai Long and is continuing with turbine installation. Work is also advancing on Greater Changhua, with preparations underway for the Fengmiao project.
The results highlight DEME’s expanding footprint across key offshore wind markets globally, reflecting continued demand for large-scale renewable energy infrastructure
