Calepin des entreprises international 2026 VA.pdf — page 46

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STRATEGIC HIGHLIGHTS
DAMEN
Business trends
	
 Damen revenues fell by 2.2% in 2024, to € 3,023 million. The group delivered 117 ships during the year, 
compared with 129 in 2023. The year was marked by several deliveries of naval vessels, including the third and 
fourth Yarmook-class corvettes, named Hunain (F-273) and Yamama (F-274), to the Pakistan Navy.
	
 Damen recorded a net profit of €58 million in 2024, after reaching losses of €466 million between 2018 and 
2020. The group is facing difficulties in naval defence following the loss of several contracts, for example to 
supply 12 minehunters to the Belgian and Dutch Navies (awarded to Naval Group and Exail) and 4 Tamandaré-
class frigates (awarded to tkMS and Embraer) in 2019, or to build 3 frigates for the Greek navy in 2022 (won by 
Naval Group). Damen is also facing delays on the F126 frigate programme for the German Navy.
Home market
	
 The group is a key supplier to the Royal Netherlands Navy for its surface ship programmes. Since June 2023, it 
has been in charge of supplying four anti-submarine warfare frigates to the Belgian and Dutch navies (two units 
each) to be delivered between 2028 and 2030, replacing the Karel Doorman-class frigates currently in service 
and already built by the group (Anti-Submarine Warfare Frigate programme). Three additional ships could be 
ordered (two for the Netherlands and one for Belgium).
	
 In March 2025, Damen delivered the Den Helder replenishment oiler to the Royal Netherlands Navy. The ship 
was built at the group’s shipyard in Galati (Romania) and was fitted out in Vlissingen (Netherlands). It entered 
service in October 2025.
	
 In June 2025, Damen and Fugro delivered to the Royal Netherlands Navy a FCS 5009 Fast Crew Supplier, 
named Galatea, which was modified for surveillance missions and deployment of UAVs and UUVs. The ship, 
which is owned by the two groups, will be leased by the Navy for a period of 2 years (+2 years optional).
Export markets
	
 Damen generated 80% of its revenues from exports in 2024. Its extensive network of shipyards abroad 
(Poland, Romania, South Africa, United Arab Emirates, Turkey, China, Vietnam, etc.) allows the group to win 
international tenders in both the civil and military sectors.
	
 Since 2020, Damen has been prime contractor for the German Navy’s F126 Niedersachsen-class multi-
mission frigate programme, in partnership with Thales Nederland and NVL Group, and at a cost of more than 
€8 billion for 6 ships. Damen is designing the ships, which will be built in Germany by two NVL Group shipyards, 
Blohm+Voss and Peene-Werft, and German Naval Yards Kiel. The first frigate is under construction and is 
expected to be delivered from 2028 onwards.
	
 Damen delivered two ships in May 2025: the third and final Warrior-class patrol boat, named Adam Kok 
(P1573), to the South African Navy, and the ASD Tug 3010 ICE icebreaker tug ordered by the Lithuanian Navy 
in August 2024.
	
 The Royal Navy ordered 24 maritime service ships from the British group Serco (prime contractor) and Damen 
(construction contractor) in September 2025 as part of the Vessel Replacement Project (VRP). The acquisition 
programme includes ASD tugs, RSD tugs, pilot boats, barges and crane vessels, to be delivered in 2027-2028.
Technology and Innovation
	
 In February 2025, the group introduced two new logistics support ships based on the Den Helder replenishment 
oiler (180 metres long with a capacity of 7,600 m³ of diesel fuel): the LSS 11000 (140 metres and 4,850 m³) and 
the LSS 9000 (127 metres and 3,300 m³).