Shares of DEME NV jumped 7.1% on Tuesday after the Belgian marine engineering group reported its strongest first-half performance in 150 years, with revenue rising 2% to €2.2 billion and net income up 20% to €215 million.
The Brussels-based company said EBITDA totaled €466 million for the six months, representing a 21.6% margin. Analysts at Kepler Cheuvreux described the figures as solid, noting EBITDA exceeded consensus while net income surpassed expectations by a notably wide margin. The brokerage also forecast upward revisions to full-year earnings estimates.
DEME raised its full-year outlook, projecting revenue to slightly exceed 2025 levels while maintaining the prior-year EBITDA margin. The Dredging and Infrastructure segment delivered a positive surprise, while the Offshore Energy division maintained robust margins.
The stock advanced to a session high of €182.80, up from an opening price of €178, as trading on Euronext Brussels turned positive. U.S. equity benchmarks, including the S&P 500 and Dow Jones, held near unchanged levels, with no major Belgian or eurozone macroeconomic releases or central bank actions influencing the session.
The company’s performance follows a broader trend of strong gains among industrial peers, including Siemens Energy, which has rallied more than 230% this year.
