DEME to Install 69 Wind Turbines at Dutch Zeevonk Offshore Wind Farm
Announced on October 14, 2026, this new contract follows the one concerning the installation of foundations, obtained by DEME in July 2026 on the same offshore wind farm. According to the group, these two successive awards give it a key role in this Dutch project.
Transportation and Installation of 69 Wind Turbines at Sea in the Netherlands
DEME, a group specialized in maritime dredging and offshore wind works, has signed a contract for the transportation and installation of 69 wind turbines at the Zeevonk offshore wind farm in the Netherlands. The group describes this contract as significant and presents it as a new award on this project.
The Norse Energi Self-Elevating Vessel Mobilized for Phase 1
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The wind turbines in phase 1 of the wind farm will be installed by Norse Energi, a next-generation self-elevating vessel (jack-up type) belonging to DEME, designed for transportation and installation at sea. This project will therefore mobilize one of the group's own naval assets.
A Wind Farm of Approximately 1 GW Owned by Vattenfall and CIP
The Zeevonk project is jointly owned by Vattenfall and Copenhagen Infrastructure Partners (CIP), the latter through its Energy Investment Fund I. Once completed, the wind farm will display a total installed capacity of approximately 1 GW.
SectorConstruction 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
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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.
