DEME: High Activity Level

Ackermans & van Haaren, a diversified group active in 5 key segments: Marine Engineering & Infrastructure (DEME), Private Banking, Real Estate, Leisure & Senior Care, Energy & Resources and Development Capital, has announced their business results for the third quarter of 2015.

DEME (AvH 60.40%) succeeded in maintaining the high activity level of the first six months, and realized an (economic) turnover of 633.7 million euros in the third quarter, AvH stated.

The cumulative turnover for the first nine months of 2015 amounted to 1,852.3 million euros, which is 6.4% down compared with 1,978.7 million euros at 30/09/2014.

This decrease is explained a.o. by the high turnover that was recorded in 2014 on the projects in Australia and Qatar, which were completed in the first half of 2015.

The high activity level of DEME on many projects worldwide, such as in Egypt (Suez Canal), Qatar (Doha New Port Project), Russia (Sabetta) and Germany (Godewind offshore wind), ensured good fleet occupancy during the third quarter.


In the third quarter, DEME successfully completed the works on the Suez Canal. The Suez Canal Authority had awarded a contract to the DEME (75%) – Great Lakes (25%) consortium for the realization of an additional 250-meter-wide, 24-meter-deep and 29.5-kilometer-long fairway through the Great Bitter Lake, and for widening the access channels to 140 meters.

The modernized Suez Canal was officially opened on August 6, 2015.

DEME won several new orders in 3Q15, keeping the order book at a high level: 3,230 million euros compared with 2,420 million euros at year-end 2014 and 3,362 million euros at June 30, 2015.

In October 2015 (after the closing of the order book at the end of September), GeoSea won a contract worth 340 million euros for the installation of 56 offshore wind turbines on the Galloper project in the United Kingdom, while new contracts were concluded at the beginning of November in Egypt, Panama and Turkey worth a total of 150 million euros.

Despite substantial investments (311 million euros, including 166 million euros for the acquisition of the 50% joint venture with Hochtief) made by DEME in the expansion and renewal of its fleet, DEME’s net financial debt only increased to 362.3 million euros compared with 212.8 million euros at year-end 2014.



Share this article

Follow Dredging Today


<< Nov 2019 >>
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

2019 Western Dredging Association Gulf Coast Chapter Annual Meeting

The meeting will provide a forum for the exchange of information of interest to the dredging industry and its associates.

read more >

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:

read more >


Looking to fill a job opening?

By advertising your job here, on the homepage of, you'll reach countless professionals in the sector. For more information, click below....


Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...


Looking to fill a job opening?

By advertising your job here, on the homepage of, you'll reach countless professionals in the sector. For more information, click below...