Cadeler A/S Sponsored ADR ( (CDLR) ) has released its Q1 earnings. Here is a breakdown of the information Cadeler A/S Sponsored ADR presented to its investors.
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Cadeler A/S Sponsored ADR, a Danish company, operates in the renewable energy sector, focusing on providing marine and offshore wind installation services with a fleet of specialized vessels. In the first quarter of 2025, Cadeler reported a significant increase in revenue to EUR 65 million, up from EUR 19 million in the same period of 2024, attributed to fleet expansion and improved vessel utilization. The company’s EBITDA also saw a notable improvement, reaching EUR 24 million compared to a negative EUR 10 million in the previous year, driven by higher revenue and operational efficiency. Cadeler’s net profit for the quarter was EUR 2 million, a substantial turnaround from the EUR 21 million loss recorded in Q1 2024. The company’s strategic investments in new vessels, such as Wind Maker and Wind Pace, have contributed to its asset growth, with total assets increasing by 27% to EUR 2,464 million. Despite the termination of a preferred supplier agreement, Cadeler maintains a strong order backlog of EUR 2,487 million, indicating robust future demand. Looking ahead, Cadeler’s management remains optimistic, maintaining its revenue and EBITDA guidance for 2025, reflecting confidence in continued growth and operational success.