DEME Group Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
Luc Vandenbulcke
Chief executive officer
€2.6m
Total compensation
| CEO salary percentage | 21.20% |
| CEO tenure | 7.3yrs |
| CEO ownership | n/a |
| Management average tenure | 5.3yrs |
| Board average tenure | 3.9yrs |
Recent management updates
Recent updates
DEME: Long-Term Brazil Port Concession And Dividend Policy Will Support Steady Earnings Profile
Analysts have maintained their price target for DEME Group at €182.25. They explain this unchanged view by noting that only minor adjustments were made to assumptions for the discount rate, revenue growth, profit margin and future P/E multiple, which together do not materially alter their valuation framework.DEME: Long-Term Port Contract And Dividend Policy Will Support Steady Earnings Profile
Narrative Update on DEME Group The analyst price target for DEME Group has been revised from €195.00 to €182.25 as analysts factor in updated assumptions that include a different discount rate, adjusted revenue growth expectations, a lower projected profit margin, and a higher future P/E multiple. What's in the News DEME has signed a 25-year concession contract with Brazil’s National Secretariat of Ports and National Waterway Transportation Agency, securing the port access channel concession for the Port of Paranaguá, Brazil’s second largest public port in the state of Paraná (Key Developments).DEME: Long-Term Port And Offshore Wind Contracts Will Support Steady Earnings Profile
Analysts have raised their price target on DEME Group from €160 to €195, citing updated assumptions that combine a slightly lower discount rate with modest adjustments to revenue growth, profit margin and future P/E expectations. What's in the News DEME signed a 25-year concession contract with Brazil’s National Secretariat of Ports and the National Waterway Transportation Agency for the Port of Paranaguá access channel.
DEME: Offshore Wind Vessels And Brazil Port Concession Will Support Outlook
Analysts have raised their fair value estimate for DEME Group from €182.00 to approximately €219.29. The revision reflects updated assumptions related to revenue growth, profit margins, a slightly adjusted discount rate, and future P/E.
DEME: Offshore Wind And Marine Contracts Will Support Long Term Upside
Narrative Update: DEME Group Analyst Price Target The analyst price target for DEME Group is reaffirmed at €230. Analysts cite a slightly lower discount rate, higher revenue growth assumptions, and a higher future P/E multiple, partly balanced by more conservative profit margin expectations.DEME: Offshore Wind And Marine Contracts Will Drive Long Term Upside
Analysts have adjusted their price target for DEME Group from €193.24 to €230.00, citing updated assumptions for revenue growth, profit margins, and future P/E, which result in a slightly lower discount rate in their models. What's in the News DEME has taken delivery of its second new wind turbine installation vessel, Norse Energi, at the CIMC Raffles Shipyard.DEME Group NV's (EBR:DEME) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
Feb 06
DEME: Offshore Wind And Marine Contracts Will Support Balanced Long-Term Outlook
Analysts have lifted their price target on DEME Group from €175.83 to €182.00, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E that they view as better aligned with the company’s current outlook. What's in the News DEME has taken delivery of its second new wind turbine installation vessel, Norse Energi, built at CIMC Raffles Shipyard, to work alongside sister vessel Norse Wind on large scale offshore wind turbine projects (Key Developments).DEME: New Offshore And Dredging Contracts Will Support Long Term Upside
Analysts now see DEME Group's fair value at €193.24, reduced from €200.00. This change reflects updated views on slightly lower revenue growth and profit margin expectations, together with a higher assumed discount rate and a higher future P/E multiple.DEME: New Marine Contracts Will Support Stronger Long Term Earnings Profile
Analysts now set their fair value estimate for DEME Group at €160, up from €135, citing revised expectations for revenue growth, profit margins, a slightly adjusted discount rate, and a future P/E assumption. What's in the News DEME's Dredging & Infra segment secured two marine works contracts in Southern Europe, including offshore breakwaters and seabed remediation for the 38th America's Cup in Naples and long term beach nourishment works on three beaches near Valencia, focusing on environmental remediation and coastal protection (Client Announcements).DEME: Global Offshore Contract Wins Will Drive Long-Term Upside Potential
Analysts have slightly reduced their price target on DEME Group by approximately EUR 1. This reflects a modestly lower fair value, despite marginally higher long term assumptions for revenue growth and profit margins, alongside a somewhat less demanding future earnings multiple.DEME: New Offshore Contracts And Brazil Entry Will Drive Long-Term Upside
Analysts have adjusted their price target for DEME Group, maintaining it at €176.67. Recent assessments show only marginal changes in revenue growth and profit margin forecasts.Lacklustre Performance Is Driving DEME Group NV's (EBR:DEME) Low P/E
Nov 22DEME: Expansion Into Brazil And Offshore Wind Will Drive Future Gains
Analysts have raised their price target for DEME Group from €170.71 to €176.67, citing updated financial projections and changes in key company metrics. What's in the News DEME secured Brazil's first concession for a port access channel, winning a 25-year contract to operate, maintain, and expand marine access to the Port of Parana (Key Developments).DEME Group (EBR:DEME) Could Easily Take On More Debt
Oct 10We Think DEME Group's (EBR:DEME) Profit Is Only A Baseline For What They Can Achieve
Sep 07Expanding Offshore Wind Markets Will Modernize Fleets But Face Risks
Despite an improved revenue growth outlook and a notably lower future P/E, DEME Group’s consensus analyst price target has declined slightly to €170.71. Valuation Changes Summary of Valuation Changes for DEME Group The Consensus Analyst Price Target has fallen slightly from €174.29 to €170.71.Investors Don't See Light At End Of DEME Group NV's (EBR:DEME) Tunnel
Jul 30DEME Group (EBR:DEME) Seems To Use Debt Rather Sparingly
Jun 28
Advanced Fleet Expansion Will Boost Future Offshore Energy Efficiency
DEME's strong order book and technological investments in Offshore Energy suggest continued revenue growth, stability, and enhanced profitability margins.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | €3m | €553k | €346m |
| Sep 30 2025 | n/a | n/a | €336m |
| Jun 30 2025 | n/a | n/a | €326m |
| Mar 31 2025 | n/a | n/a | €307m |
| Dec 31 2024 | €2m | €537k | €288m |
| Sep 30 2024 | n/a | n/a | €281m |
| Jun 30 2024 | n/a | n/a | €274m |
| Mar 31 2024 | n/a | n/a | €218m |
| Dec 31 2023 | €2m | n/a | €163m |
| Sep 30 2023 | n/a | n/a | €133m |
| Jun 30 2023 | n/a | n/a | €103m |
| Mar 31 2023 | n/a | n/a | €108m |
| Dec 31 2022 | €2m | €343k | €113m |
Compensation vs Market: Luc's total compensation ($USD3.05M) is above average for companies of similar size in the Belgian market ($USD1.60M).
Compensation vs Earnings: Luc's compensation has increased by more than 20% in the past year.
CEO
Luc Vandenbulcke (54 yo)
7.3yrs
Tenure
€2,609,000
Compensation
Mr. Luc Vandenbulcke serves as Chief Executive Officer at DEME Group NV since January 01, 2019. He serves as Executive Director of DEME Group NV since June 29, 2022. He serves as Director at Deme Coordinat...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 7.3yrs | €2.61m | no data | |
| Chief Financial Officer | 2yrs | no data | no data | |
| Managing Director of Dredging & Infra | 7.3yrs | no data | no data | |
| Managing Director of Offshore Energy | 7.3yrs | no data | no data | |
| Managing Director of Dredging | 3.3yrs | no data | no data | |
| Chief Technology Officer | no data | no data | no data | |
| General Manager of Investor Relations | 2.3yrs | no data | no data | |
| Chief Legal Officer & Company Secretary | no data | no data | no data | |
| Director of Communications | no data | no data | no data | |
| Chief Human Resources Officer | no data | no data | no data | |
| Area Director of Asia Pacific & MD of Environmental | no data | no data | no data | |
| Sustainability Director | no data | no data | no data |
5.3yrs
Average Tenure
55yo
Average Age
Experienced Management: DEME's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 3.9yrs | €2.61m | no data | |
| Non-Executive Director | 9.7yrs | €70.00k | no data | |
| Non-Executive Director | 3.9yrs | €92.50k | no data | |
| Non-Executive Director | 3.9yrs | €87.50k | no data | |
| Non-Executive Director | 3.9yrs | €87.50k | no data | |
| Non-Executive Director | 9.7yrs | €70.00k | no data | |
| Independent Director | 3.9yrs | €87.50k | no data | |
| Independent Director | 2.3yrs | €80.00k | no data | |
| Independent Director | 3yrs | €77.50k | no data | |
| Independent Director | 2.3yrs | €90.00k | no data |
3.9yrs
Average Tenure
56.5yo
Average Age
Experienced Board: DEME's board of directors are considered experienced (3.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/05 17:34 |
| End of Day Share Price | 2026/05/05 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
DEME Group NV is covered by 7 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christoph Greulich | Berenberg |
| Luuk Van Beek | Degroof Petercam |
| Tijs Hollestelle | ING Groep NV |