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Last updated : 15/09/2026 - 17h35
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DEME Participates in North Sea Oyster Reef Restoration Project

DEME and The Oyster Restoration Company (TORC) have successfully completed EuroReefs, a marine ecosystem restoration project in Belgian waters. Funded by the NextGenerationEU fund and commissioned by the Belgian federal public service responsible for the environment, the project installed 1,800 biodegradable bricks last week, each carrying at least one million European flat oyster larvae, totaling at least 1.8 billion larvae.


DEME Participates in North Sea Oyster Reef Restoration Project

One Million Oysters on Biodegradable Bricks

The EuroReefs project involves the installation of 1,800 natural and biodegradable bricks loaded with European flat oysters (Ostrea edulis), totaling at least one million larvae (Ostrea edulis). These materials were loaded onto DEME's piston barge Vlaanderen VIII at the port of Ardersier in Scotland, before being deployed on the seabed at Hinderbanken, a gravel area dedicated to restoration. The project aims to promote the development of a healthy, self-reproducing reef.

This initiative follows previous pilot experiments and marks a significant step towards large-scale marine ecosystem restoration, combining expertise in biodiversity with offshore engineering and logistics capabilities.

European Funding and Public Procurement

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The project was commissioned by the Belgian federal public service in charge of Health, Food Chain Safety, and Environment. Its funding comes from the NextGenerationEU fund, the European Union's post-pandemic recovery mechanism.

This contract adds to a series of new mandates won by DEME on the continent in recent weeks: port dredging in India (Ramayapatnam, contract signed on June 17), deepening works in Tunisia with the Merchant Marine and Ports Office (June 4), and the installation of 21 offshore turbines in Japan by its joint venture Japan Offshore Marine (May 29).



Sector Construction et infrastructures Ingénierie / construction spécialisée


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Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 2 158 millions d'euros
  • Quarterly revenue: 2 158 millions d'euros
  • Revenue growth: 4,8 %
  • EBITDA: 465,9 millions d'euros
  • EBITDA margin: 21,2 %
  • Net income: 215 millions d'euros
  • 290,9 millions d'euros
Guidance from the release
  • Le management verwacht dat de omzet in 2026 iets hoger zal uitvallen dan in 2025 en dat de EBITDA-marge op hetzelfde niveau zal blijven
Risks mentioned
  • Dépendance à la réalisation future du carnet de commandes de 7,1 milliards d'euros
  • Investissements importants dans l'expansion de la flotte pouvant peser sur la trésorerie
Opportunities identified
  • Carnet de commandes de 7,1 milliards d'euros assurant une bonne visibilité sur les activités futures
  • Mise en service des deux nouveaux navires jack-up Norse Wind et Norse Energi renforçant la capacité
  • Commande d'une nouvelle grande drague suceuse porteuse pour renforcer la flotte de dragage
Outlook / guidance
  • Expected revenue: 4 155 millions d'euros
  • Management commentary: management reaffirms its 2026 guidance which calls for turnover and EBITDA margin to be in line with 2025

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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