PRESS RELEASE

CFE

DEME

Following the press article in the Flemish newspaper De Tijd of today, DEME published the attached press release.

These facts don't alter the profit expectations of DEME and the contribution to the group result of CFE, as published in the interim statement of May 19, 2017. Based on the latest forecasts, the EBITDA margin (as a percentage of revenue) is expected to range between 16 and 20%.

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CFE is an industrial Belgian Group active in 3 different activities : Dredging, marine engineering and environment, Contracting and Real Estate Development.

The group is worldwide active, mainly across its dredging and marine activities executed by DEME, a 100% subsidiary, one of the world's leading dredging contractors. CFE is listed on Euronext Brussels and is 60.40% owned by Ackermans & van Haaren.

This press release is available on our website at www.cfe.be

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Note to editors

For further information, please contact, at CFE:

  • Renaud Bentégeat, Chief Executive Officer, tel.: +32 2 661 13 27, mobile: +32 497 514 445, rbentegeat@cfe.be; or

  • Fabien De Jonge, Chief Financial Officer, tel. +32 2 661 13 12 - mobile +32 497 514 406 - fabien_de_jonge@cfe.be

CFE - Compagnie d'Entreprises SA published this content on 02 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 June 2017 20:59:24 UTC.

Original documenthttp://en.cfe.be/news-corner/library/press-release-cfe/2017/2017-06-02-deme.aspx

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