Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 465.06M | 248.74M | 108.62M | 106.42M | 60.94M | 19.50M |
Gross Profit | 297.99M | 124.51M | 48.76M | 56.89M | 22.06M | -26.26M |
EBITDA | 317.53M | 126.87M | 37.42M | 59.75M | 27.36M | -7.26M |
Net Income | 232.65M | 65.07M | 11.50M | 35.54M | 7.45M | -27.03M |
Balance Sheet | ||||||
Total Assets | 2.77B | 1.94B | 1.25B | 670.03M | 424.77M | 336.81M |
Cash, Cash Equivalents and Short-Term Investments | 53.03M | 58.46M | 96.61M | 19.01M | 2.31M | 63.64M |
Total Debt | 1.21B | 581.99M | 206.56M | 115.28M | 73.58M | 74.29M |
Total Liabilities | 1.40B | 703.12M | 293.52M | 129.46M | 99.51M | 95.75M |
Stockholders Equity | 1.37B | 1.23B | 959.04M | 540.57M | 325.26M | 241.06M |
Cash Flow | ||||||
Free Cash Flow | -845.71M | -522.85M | -3.55M | -196.37M | -133.18M | -265.74M |
Operating Cash Flow | 147.29M | 93.10M | 63.38M | 29.04M | 30.20M | -9.60M |
Investing Cash Flow | -993.04M | -615.75M | -54.73M | -225.41M | -163.38M | -256.14M |
Financing Cash Flow | 803.97M | 481.99M | 70.27M | 213.07M | 71.85M | 338.81M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
83 Outperform | 1.48B | 5.19 | 12.73% | 3.75% | -7.24% | -16.39% | |
80 Outperform | 1.70B | 3.82 | 12.79% | 3.67% | 5.63% | -17.54% | |
79 Outperform | 1.40B | 4.81 | 11.82% | 0.41% | -0.47% | -22.23% | |
74 Outperform | $1.84B | 7.05 | 18.31% | ― | ― | ― | |
74 Outperform | 2.26B | 18.64 | 12.28% | 4.01% | 2.95% | -61.74% | |
63 Neutral | 1.73B | 0.86 | 51.42% | 53.03% | 43.57% | 0.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
On September 18, 2025, Cadeler announced a firm contract with Ocean Winds for the transportation and installation of 26 Siemens Gamesa 14MW offshore wind turbines at the BC-Wind offshore wind farm in the Polish Baltic Sea. The contract is valued between EUR 49 million and EUR 58 million. This project, set to begin in 2028, marks Cadeler’s first direct contractual partnership with Ocean Winds and reinforces its strong position in Poland’s offshore wind market. The BC-Wind project will contribute significantly to Poland’s renewable energy goals by supplying clean electricity to nearly half a million households. Cadeler’s involvement in this project, along with its ongoing work on other Polish offshore wind farms, underscores its pivotal role in advancing Poland’s offshore wind energy sector.
On September 10, 2025, Cadeler A/S reported transactions involving its shares by individuals with managerial responsibilities and those closely associated with them. Notably, BW Group Limited and BW Altor Pte. Ltd., entities associated with Andreas Sohmen-Pao, Chairman of Cadeler’s Board, executed significant share transactions. These transactions, involving the purchase and sale of 2,239,501 shares at an average price of NOK 52.00 each, reflect ongoing strategic financial activities within the company. Such movements could impact Cadeler’s market positioning and stakeholder interests, highlighting the active engagement of key figures in the company’s financial operations.
On September 5, 2025, Cadeler A/S announced a transaction involving the purchase of shares by Niki Invest ApS, a company closely associated with Ditlev Wedell-Wedellsborg, a member of Cadeler’s board of directors. The transactions, conducted on September 3 and 4, 2025, involved purchasing a total of 30,193 shares on the Oslo Stock Exchange at average prices of NOK 51.10 and NOK 51.50. These transactions reflect strategic financial movements within the company’s leadership, potentially impacting investor perceptions and Cadeler’s market positioning.
On August 26, 2025, Cadeler A/S announced its financial results for the first half of 2025, highlighting a strong performance that exceeded expectations. The company reported a robust contract backlog of EUR 2.5 billion, with significant projects in the pipeline, including a new long-term contract for its recently delivered vessel, Wind Keeper, and a firm contract for the Formosa 4 Offshore Wind Farm in Taiwan. The announcement underscores Cadeler’s strategic positioning in the growing offshore wind market, with ongoing projects and new contracts reinforcing its market presence.
Cadeler A/S reported interim financial results for the first half of 2025, exceeding expectations with a significant increase in revenue and EBITDA. The company achieved a revenue of EUR 299 million, a 265% increase from the previous year, and an EBITDA of EUR 213 million. Cadeler’s fleet expansion strategy is on track with the delivery of new vessels and a focus on Operations & Maintenance, highlighted by the launch of its new division, Nexra. The company also secured a robust order book valued at EUR 2.5 billion, ensuring strong earnings visibility into 2026 and beyond.
On August 26, 2025, Cadeler A/S reported its interim financial results for the first half of 2025, showcasing a significant increase in revenue and EBITDA compared to the previous year. The company achieved a revenue of EUR 299 million and an EBITDA of EUR 213 million, driven by fleet expansion and strategic focus on operations and maintenance. The acquisition of the Wind Keeper vessel and the termination of the Hornsea 4 project were notable events, with the latter resulting in compensation and a revised financial outlook. Cadeler’s strategic positioning and fleet growth are set to support the evolving offshore wind sector, with a robust order book and plans for further vessel deliveries.
Cadeler A/S has secured a firm contract with Synera Renewable Energy for the transportation and installation of 35 Siemens Gamesa 14MW wind turbines at the Formosa 4 Offshore Wind Farm in Taiwan. This project, set to begin in March 2028, is part of Cadeler’s long-term strategy to expand its presence in the Asia-Pacific region, with the contract expected to generate between EUR 70 and 80 million in revenue. The Formosa 4 wind farm, located off the coast of Miaoli County, will significantly contribute to Taiwan’s green energy supply, providing 495 MW of clean offshore energy. This contract reflects Cadeler’s ongoing efforts to advance offshore wind projects in the region, supported by its local office in Taipei.
On August 5, 2025, Cadeler A/S announced that it will release its H1 2025 Interim Report on August 26, 2025, detailing its financial performance for the first half of the year. The company will also host a live webcast presentation for the investment community, featuring CEO Mikkel Gleerup and CFO Peter Brogaard Hansen, to discuss the results and take questions from analysts. This event is significant for stakeholders as it provides insights into Cadeler’s financial health and strategic direction in the offshore wind industry.
On July 18, 2025, Cadeler announced the delivery of its new vessel, the Wind Keeper, which marks the company’s eighth vessel in its fleet. The Wind Keeper has secured a significant three-year contract with Vestas, valued at approximately EUR 210 million, with potential extensions increasing the contract’s value to over EUR 380 million. This acquisition and contract are strategic moves to enhance Cadeler’s capacity in the offshore wind sector, particularly in Europe, where demand for versatile, high-performance vessels is growing. The Wind Keeper will undergo upgrades to support the installation of next-generation 15 MW turbines, reinforcing Cadeler’s position as a leader in the offshore wind industry.
On July 10, 2025, Cadeler A/S reported transactions involving its shares by key managerial personnel, including CEO Mikkel Gleerup and CFO Peter Brogaard Hansen. These transactions involved the delivery of shares underlying vested Restricted Share Units (RSUs) from Cadeler’s 2023 RSU Program, with no monetary exchange involved. This announcement highlights the company’s ongoing commitment to transparency and regulatory compliance, potentially impacting stakeholder trust and market perception.
On June 27, 2025, Cadeler A/S reported transactions involving its shares by individuals with managerial responsibilities and their closely associated persons. Scorpio Holdings Limited and Scorpio Services Holding Limited, both associated with Emanuele Lauro, Vice-Chairman of the Board, engaged in an intra-group transaction involving the purchase and sale of 767,766 shares at an average price of USD 5.26 per share, totaling USD 4,039,727.39. This transaction highlights the ongoing financial activities within the company, potentially impacting its market position and stakeholder interests.
Cadeler A/S announced on July 1, 2025, that Ørsted A/S has terminated a long-term agreement for an A-Class Windfarm Installation Vessel, initially set to secure vessel capacity from Q1 2027 to the end of 2030. The termination follows Ørsted’s decision to halt work on the Hornsea 4 Offshore Wind Farm. Despite the termination, Cadeler will receive compensation and plans to redeploy the vessel to other projects, which will positively impact its financial guidance for 2025. Cadeler has revised its 2025 revenue and EBITDA guidance upwards, expecting revenue between EUR 588 million and EUR 628 million, and EBITDA between EUR 381 million and EUR 421 million.