Strong Profitability And MarginsExceptional TTM gross and net margins reflect strong project-level economics from specialized WTIV capabilities. Durable margins provide cash generation potential per project, support reinvestment into fleet and operations, and create a buffer against cyclical revenue timing in the mid-term.
Large, High‑Quality BacklogA EUR 2.7bn backlog with 82% at FID gives multi-year visibility and lowers execution risk. High‑certainty contracted work smooths utilization planning, underpins revenue and cash flow forecasts, and supports financing for newbuilds across 2026–2027.
Fleet Expansion And Newbuild ProgressA growing fleet increases available install days and raises competitive barriers in offshore wind installation. Timely newbuild deliveries expand capacity to capture larger projects, drive scale efficiencies in fixed costs, and strengthen long-term market positioning.