The earnings call reflects a strong financial performance with increased guidance and substantial backlog, driven by new contracts and efficient project management. While there are challenges such as the Hornsea 4 delay and uncertainty in the U.S. market, the company's strategic initiatives like Nexra and timely vessel deliveries indicate a positive outlook.

Company Guidance

During Cadeler's H1 2025 earnings call, the company provided guidance indicating an improvement in its financial performance, leading to an increase in full-year guidance in July 2025. The company's backlog was reported at EUR 2.5 billion, despite the removal of the Hornsea 4 project due to delays. Cadeler's fleet includes seven vessels currently on hire globally, with strong demand for operations and maintenance (O&M) services, particularly for larger turbines, prompting the establishment of Nexra, a new service concept. The company highlighted the acquisition and long-term contract for the Wind Keeper, a significant commercial achievement, with the vessel set to undergo upgrades before commencing operations in Q1 2026. For Q2 2025, Cadeler achieved a revenue of EUR 233.1 million, with a market capitalization of EUR 1.7 billion and an equity ratio of about 50%. The company adjusted its 2025 revenue outlook to a range of EUR 588-628 million and EBITDA to EUR 381-421 million, factoring in termination fees from Hornsea 4. Cadeler emphasized its strong financial position, ongoing new build projects, and strategic focus on expanding its fleet and enhancing service offerings.

Above Expectation Financial Performance

Cadeler's financial performance in the first half of 2025 was above expectations with an increase in full-year guidance in July 2025. Revenue for Q2 was EUR 233.1 million, driven by termination fees and substantial growth compared to last year. The equity ratio remained solid at around 50%, and EBITDA increased from EUR 32 million to EUR 189 million.

Significant Backlog and New Contracts

Cadeler's backlog continued to strengthen, standing at EUR 2.5 billion even after the removal of the Hornsea 4 project. A new project in Taiwan, Formosa 4, was added to the backlog with healthy contract economics. The backlog includes a high level of final investment decisions at 97%.

On-schedule New Vessel Deliveries

The new vessel Wind Ally is ahead of schedule, with delivery expected at the end of September instead of November 2025. Wind Mover is also expected to be delivered slightly ahead of schedule in Q4 2025. All new builds are on or ahead of schedule and on budget.

Launch of Nexra Service Concept

Strong demand for O&M services led to the establishment of Nexra, Cadeler's service concept. The Wind Keeper vessel, secured through a long-term contract with Vestas, will undergo tailored upgrades to fit the Cadeler operating model and will start operations in Q1 2026.

Cadeler A/S Sponsored ADR (CDLR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CDLR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 20, 2025	2025 (Q3)	0.85 / -	0.335	―	―	―
Aug 26, 2025	2025 (Q2)	1.12 / 2.19	0.252	769.44% (+1.94)
May 21, 2025	2025 (Q1)	0.09 / 0.02	-0.268	108.96% (+0.29)
Mar 25, 2025	2024 (Q4)	0.29 / 0.50	-0.39	227.95% (+0.89)
Nov 26, 2024	2024 (Q3)	0.34 / 0.34	0.13	157.69% (+0.21)
Aug 27, 2024	2024 (Q2)	0.21 / 0.25	0.378	-33.33% (-0.13)
May 28, 2024	2024 (Q1)	-0.39 / -0.27	0.293	-191.47% (-0.56)
Mar 26, 2024	2023 (Q4)	-0.35 / -0.39	0.419	-193.08% (-0.81)
Aug 29, 2023	2023 (Q2)	0.41 / 0.38	0.118	220.34% (+0.26)
Mar 28, 2023	2022 (Q4)	0.43 / 0.42	0.085	392.94% (+0.33)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CDLR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 26, 2025	$21.89	$22.18	+1.32%
May 21, 2025	$20.19	$19.18	-5.00%
Mar 25, 2025	$20.75	$20.92	+0.82%
Nov 26, 2024	$23.96	$23.69	-1.13%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Cadeler A/S Sponsored ADR (CDLR) report earnings?

Cadeler A/S Sponsored ADR (CDLR) is schdueled to report earning on Nov 20, 2025, TBA (Confirmed).

What is Cadeler A/S Sponsored ADR (CDLR) earnings time?

Cadeler A/S Sponsored ADR (CDLR) earnings time is at Nov 20, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CDLR EPS forecast?

CDLR EPS forecast for the fiscal quarter 2025 (Q3) is 0.85.

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