Fundies.
English

DEME

ESEF
Report (type unavailable) · filed 2026-04-07

Annual consolidated revenue for 2025: about EUR 4.155B, using the latest reported figures. The previous period, 2024, was about EUR 4.101B.

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Watchlist

Latest fiscal year

Revenue

4.15 billion EUR

2025 · EUR

Exact inputs and evidence
  • Revenue: 4154733000 EUR Source

Operating margin

10.42%

2025 · %

Exact inputs and evidence
  • Operating Income: 432839000 EUR Source
  • Revenue: 4154733000 EUR Source

Operating cash flow

659 million EUR

2025 · EUR

Exact inputs and evidence
  • Operating Cash Flow: 658673000 EUR Source

Free cash flow

214 million EUR

2025 · EUR

Exact inputs and evidence
  • Operating Cash Flow: 658673000 EUR Source
  • Capital Expenditure: 444984000 EUR Source
Cash and cash equivalents
846 million EUR Source
Exact value

846016000 EUR

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-04-07.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 5 of 11 periods available· newest 2025-12-31
  • Operating income: 5 of 11 periods available· newest 2025-12-31
  • Net income: 5 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 5 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 5 of 11 periods available· newest 2025-12-31
  • Total assets: 5 of 11 periods available· newest 2025-12-31
  • Total liabilities: 5 of 11 periods available· newest 2025-12-31
  • Current assets: 5 of 11 periods available· newest 2025-12-31
  • Current liabilities: 5 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 5 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +1.3%

    Prior period

    EUR 4.1 billion

    –

    Current period

    EUR 4.15 billion

    –

    Exact inputs and evidence

    4154733000 − 4101159000 = 53574000 EUR

    4101159000 EUR · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    4154733000 EUR · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    +20.2%

    Prior period

    EUR 288.23 million

    –

    Current period

    EUR 346.33 million

    –

    Exact inputs and evidence

    346328000 − 288228000 = 58100000 EUR

    288228000 EUR · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    346328000 EUR · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    -38.9%

    Prior period

    EUR 1.08 billion

    –

    Current period

    EUR 658.67 million

    –

    Exact inputs and evidence

    658673000 − 1077417000 = -418744000 EUR

    1077417000 EUR · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    658673000 EUR · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Capital expenditure

    +56.1%

    Prior period

    EUR 285.14 million

    –

    Current period

    EUR 444.98 million

    –

    Exact inputs and evidence

    444984000 − 285139000 = 159845000 EUR

    285139000 EUR · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    444984000 EUR · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue EUR 4.15 billion 100% of revenue
  • Operating costs Derived EUR 3.72 billion 90% of revenue
  • Operating income EUR 432.84 million 10% of revenue
  • Tax, interest and other Derived EUR 86.51 million 2.1% of revenue
  • Net income EUR 346.33 million 8.3% of revenue

Cash

  • Operating cash flow EUR 658.67 million 16% of revenue
  • Capital expenditure EUR 444.98 million 11% of revenue
  • Free cash flow Derived EUR 213.69 million 5.1% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2021 94%
  • 2022 94%
  • 2023 93%
  • 2024 91%
  • 2025 90%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2021 2021-01-01 – 2021-12-312510607000 2367326000 Derived 143281000 28700000 Derived 114581000 139438000 Derived
Source
2022 2022-01-01 – 2022-12-312654725000 2499489000 Derived 155236000 42516000 Derived 112720000 -45438000 Derived
Source
2023 2023-01-01 – 2023-12-313285422000 3044159000 Derived 241263000 78501000 Derived 162762000 57565000 Derived
Source
2024 2024-01-01 – 2024-12-314101159000 3747550000 Derived 353609000 65381000 Derived 288228000 792278000 Derived
Source
2025 2025-01-01 – 2025-12-314154733000 3721894000 Derived 432839000 86511000 Derived 346328000 213689000 Derived
Source

Amounts are exact, in EUR.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

EUR 4.2B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.4.5B3.4B2.2B1.1B0.020212022202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(EUR)Source evidence
2021Revenue2510607000
2022Revenue2654725000
2023Revenue3285422000
2024Revenue4101159000
2025Revenue4154733000

Revenue growth

Change in revenue from the same financial period one year earlier.

1.3% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.26.8%20.1%13.4%6.7%0.0%20212022202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2021Year over yearNo prior comparable period
2022Year over year5.7%
2023Year over year23.8%
2024Year over year24.8%
2025Year over year1.3%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 10.4% 2025
Net margin 8.3% 2025
Free cash flow margin 5.1% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.21.0%14.9%8.8%2.7%-3.4%20212022202320242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2021Operating margin5.7%
2022Operating margin5.8%
2023Operating margin7.3%
2024Operating margin8.6%
2025Operating margin10.4%
2021Net margin4.6%
2022Net margin4.2%
2023Net margin5%
2024Net margin7%
2025Net margin8.3%
2021Free cash flow margin5.6%
2022Free cash flow margin-1.7%
2023Free cash flow margin1.8%
2024Free cash flow margin19.3%
2025Free cash flow margin5.1%

Operating cash flow

Cash generated by the company’s normal business operations.

EUR 658.7M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.2B872.7M581.8M290.9M0.020212022202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(EUR)Source evidence
2021Operating cash flow419574000
2022Operating cash flow436369000
2023Operating cash flow453658000
2024Operating cash flow1077417000
2025Operating cash flow658673000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

EUR 213.7M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.859.3M616.4M373.4M130.5M-112.5M20212022202320242025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(EUR)Source evidence
2021Free cash flow139438000
2022Free cash flow-45438000
2023Free cash flow57565000
2024Free cash flow792278000
2025Free cash flow213689000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

60.9% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.66%49%33%16%0%20212022202320242025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2021Liabilities / assets60.5%
2022Liabilities / assets60.6%
2023Liabilities / assets58.8%
2024Liabilities / assets60.3%
2025Liabilities / assets60.9%

Current assets to current liabilities

Current assets divided by current liabilities.

0.93× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.01×0.76×0.50×0.25×0.00×20212022202320242025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2021Current assets / current liabilities0.81×
2022Current assets / current liabilities0.9×
2023Current assets / current liabilities0.84×
2024Current assets / current liabilities0.92×
2025Current assets / current liabilities0.93×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2021 2021-01-01 – 2021-12-31
EUR 114.58 million
Exact value

Exact value: 114581000 EUR

2021-01-01 – 2021-12-31: 114581000 EUR Inspect Net Income Open source
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EUR 419.57 million
Exact value

Exact value: 419574000 EUR

2021-01-01 – 2021-12-31: 419574000 EUR Inspect Operating Cash Flow Open source
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EUR 280.14 million
Exact value

Exact value: 280136000 EUR

2021-01-01 – 2021-12-31: 280136000 EUR Inspect Capital Expenditure Open source
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EUR 139.44 million
Calculation and evidence

419574000 − 280136000 EUR

Exact free cash flow: 139438000 EUR

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2022 2022-01-01 – 2022-12-31
EUR 112.72 million
Exact value

Exact value: 112720000 EUR

2022-01-01 – 2022-12-31: 112720000 EUR Inspect Net Income Open source
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EUR 436.37 million
Exact value

Exact value: 436369000 EUR

2022-01-01 – 2022-12-31: 436369000 EUR Inspect Operating Cash Flow Open source
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EUR 481.81 million
Exact value

Exact value: 481807000 EUR

2022-01-01 – 2022-12-31: 481807000 EUR Inspect Capital Expenditure Open source
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−EUR 45.44 million
Calculation and evidence

436369000 − 481807000 EUR

Exact free cash flow: -45438000 EUR

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2023 2023-01-01 – 2023-12-31
EUR 162.76 million
Exact value

Exact value: 162762000 EUR

2023-01-01 – 2023-12-31: 162762000 EUR Inspect Net Income Open source
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EUR 453.66 million
Exact value

Exact value: 453658000 EUR

2023-01-01 – 2023-12-31: 453658000 EUR Inspect Operating Cash Flow Open source
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EUR 396.09 million
Exact value

Exact value: 396093000 EUR

2023-01-01 – 2023-12-31: 396093000 EUR Inspect Capital Expenditure Open source
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EUR 57.57 million
Calculation and evidence

453658000 − 396093000 EUR

Exact free cash flow: 57565000 EUR

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2024 2024-01-01 – 2024-12-31
EUR 288.23 million
Exact value

Exact value: 288228000 EUR

2024-01-01 – 2024-12-31: 288228000 EUR Inspect Net Income Open source
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EUR 1.08 billion
Exact value

Exact value: 1077417000 EUR

2024-01-01 – 2024-12-31: 1077417000 EUR Inspect Operating Cash Flow Open source
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EUR 285.14 million
Exact value

Exact value: 285139000 EUR

2024-01-01 – 2024-12-31: 285139000 EUR Inspect Capital Expenditure Open source
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EUR 792.28 million
Calculation and evidence

1077417000 − 285139000 EUR

Exact free cash flow: 792278000 EUR

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2025 2025-01-01 – 2025-12-31
EUR 346.33 million
Exact value

Exact value: 346328000 EUR

2025-01-01 – 2025-12-31: 346328000 EUR Inspect Net Income Open source
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EUR 658.67 million
Exact value

Exact value: 658673000 EUR

2025-01-01 – 2025-12-31: 658673000 EUR Inspect Operating Cash Flow Open source
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EUR 444.98 million
Exact value

Exact value: 444984000 EUR

2025-01-01 – 2025-12-31: 444984000 EUR Inspect Capital Expenditure Open source
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EUR 213.69 million
Calculation and evidence

658673000 − 444984000 EUR

Exact free cash flow: 213689000 EUR

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

5 filings · 505 latest values · 505 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 549300FPFPQPKI3PJV37, esef:549300FPFPQPKI3PJV37