Cadeler A/S

CADLR

Equity

ISIN DK0061412772 / Valor 58374355

Oslo Stock Exchange (2025-10-17)

NOK 48.74-2.13%

Cadeler A/S
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About company

Cadeler A/S is a Danish company specializing in offshore wind turbine installation and maintenance services. The company operates a fleet of advanced wind installation vessels, including the Wind Osprey and Wind Orca, which are utilized for the transportation and installation of large-scale wind turbine generators (WTGs). Cadeler has been involved in numerous significant projects across Europe, such as the installation of 42 Siemens Gamesa offshore wind turbines for the Hollandse Kust Noord project in the Netherlands and the transportation and installation of 90 Vestas WTGs for the Triton Knoll wind farm in the UK. The company has a track record of completing complex offshore installations within agreed timeframes, often under challenging conditions, and has contributed to the development of several major wind farms, including those in the Irish Sea, the North Sea, and off the Scottish coast.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Revenue and Profit Surge

In the first half of 2025, Cadeler A/S reported revenues of EUR 299 million, a 265% increase compared to EUR 82 million in H1 2024. EBITDA rose sharply to EUR 213 million from EUR 22 million, while profit surged to EUR 168 million, up from EUR 0.2 million in the same period last year.

Fleet Expansion and New Vessels

The company's fleet utilization rate reached 67%, with seven vessels deployed worldwide. Cadeler delivered two new Wind Turbine Installation Vessels (WTIVs), Wind Maker and Wind Pace, and is set to receive two more in the second half of 2025. By mid-2027, the fleet will expand to 12 vessels, making it the largest and most versatile in the offshore wind industry.

Launch of Nexra for Operations & Maintenance

Cadeler A/S launched Nexra, a new aftermarket division dedicated to providing operations and maintenance (O&M) solutions in the offshore wind sector. The acquisition of the Wind Keeper vessel enhances Cadeler's capabilities in turbine servicing and major component replacement, supporting the increasing demand for O&M services.

Commitment to Sustainability and Innovation

The company continues to invest in energy-efficient vessel designs and operational optimizations to reduce emissions. Cadeler is exploring the use of greener marine fuels and implementing programs focused on circularity and marine ecosystem protection, underscoring its dedication to sustainability.

Robust Order Book and Global Project Pipeline

As of August 26, 2025, Cadeler A/S has a total contract backlog of EUR 2.5 billion, ensuring strong earnings visibility into 2026 and beyond. The order book includes firm contracts for its vessels across Europe, Asia-Pacific, and North America, reflecting sustained demand in key offshore wind markets.

Summarized from source with an LLMView Source

Key figures

-34.0%1Y

60.8%3Y

%5Y

Performance

35.2%1Y

32.5%3Y

36.3%5Y

Volatility