CFE Posts Results for Financial Year 2013 (Belgium)

CFE has announced that they are expecting that certain companies in the construction and the multitechnics division have incurred further losses.

The losses incurred during the second half year will be higher than those recorded during the first half year.

Specific difficulties encountered by some entities of the multitechnics division will furthermore lead to an additional goodwill impairment.

The results of the dredging and environmental division, rail & road division, real estate division and PPP-concessions division do not call for particular comments, based on the information currently available.

Based on these preliminary elements and considering the consolidation of 50% of DEME over the past financial year, the net income, part of the group, is expected to remain slightly positive.

This forecast does not take into account the impact of specific entries relating to the capital increase and to the treatment of the goodwill resulting from the contribution in kind of a 50% stake in DEME.

Moreover, the orderbook remains at a high level and the net financial debt has decreased significantly compared to June 2013.

CFE is a multidisciplinary group active in dredging, construction and ancillary services. They are listed on Euronext Brussels and for 60.39%-owned by Ackermans & van Haaren.

CFE is the sole shareholder of DEME, one of the world’s leading dredging contractors. They are also a major player in the construction sector, with a presence in the Benelux, Central Europe and Africa, and in real estate development.

Press Release, January 22, 2014

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews ( holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee:

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