Activity Report 2016


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Introduction
About
Dredging Solutions
Dredging Plus Solutions
Concessions
DEME Fleet
 

Activity Report
2016
Creating land for the future

Activity Report
2016
Creating land for the future

Activity Report
2016
Creating land for the future

Activity Report
2016
Creating land for the future

Activity Report
2016
Creating land for the future

Activity Report
2016
Creating land for the future

Activity Report
2016
Creating land for the future

The year at a glance

DEME returned to the historical Panama Canal project for the further widening and deepening of the Pacific Access Channel

A challenging rock placement project was carried out by Tideway on the Lower Churchill hydropower project in Labrador, Canada. Because of the harsh weather conditions, works could only be executed in a very tight timeframe during spring and summer.

For the first time DEME secured port expansion contracts in Sierra Leone and Mauritius, confirming the company’s widespread presence and over 50 years of experience on the African continent.

As a pioneer in blue energy, DEME has been involved in MeyGen Phase 1A, the world’s first multi-turbine tidal stream energy project. The offshore renewables market has seen particular growth in 2016 with contracts secured in Germany, Belgium, Denmark and the UK.

For the last decade DEME has been working across the Middle East on many prestigious projects.
The New Port project in Qatar and La Mer Jumeirah Open Beach project in Dubai were successfully completed in 2016.

While DEME continued dredging activities in several ports in India, the company also returned to Sri Lanka for a project in the port of Trincomalee.

A high level of activity was seen in Singapore at the Tuas Terminal Phase 1 project. The first of 222 caissons for the quay wall structure was launched in April 2016.

In Papua New Guinea the remediation dredging program resumed on the Lower Ok Tedi River. 2017 will mark the 20th anniversary of DEME’s involvement in this important ecological operation.

In La Réunion works continued for the construction of the “Nouvelle Route du Littoral”, a 13 km coastal road built in the ocean. DEME also returned to the Maldives for major land reclamation works at Emboodhoo Lagoon.

In the Mediterranean area DEME maintained a high level of activity in Egypt, with TSHD ‘Congo River’ deployed on several projects.

Message from the Board of Directors

2016 was a remarkable year for DEME. It was a year of both transition and opportunity. DEME realised a turnover of 1.97 billion EUR and an EBITDA of 450.1 million EUR, despite operating in a volatile environment with challenging conditions in the dredging market and historically low oil, gas and raw material prices.

Financial highlights

(*) In the economic figures the Group companies that are jointly controlled by DEME are still proportionally integrated which is not in accordance with the new IFRS 10 and IFRS 11 accounting standards. It nevertheless gives a more complete picture of the operations and assets/liabilities of those companies.