On-Schedule Delivery of Newbuilds
Two newbuilds, the Wind Maker and the Wind Pace, were delivered on or ahead of schedule and on budget in Q1 2025, representing 50% of the newbuilds planned for the year.
Significant Backlog Growth
Cadeler's contract backlog increased to over EUR 2.5 billion, with 100% of the backlog having reached Final Investment Decision (FID).
Strong Financial Performance
Revenue reached EUR 65.5 million, significantly up from the previous year, with an EBITDA of EUR 23.7 million. The equity ratio remains strong at 49.7% despite increasing debt.
Successful Expansion of Fleet Operations
Seven vessels are now active globally, with operations in Europe, APAC, and the US, showcasing Cadeler’s expanding global footprint.
Introduction of Nexra Division
Cadeler launched 'Nexra,' a new division focused on Operations and Maintenance (O&M) services, positioning the company to meet growing O&M demand.
Positive Full-Year Financial Outlook
Full-year revenue is projected between EUR 485 million and EUR 525 million, with an EBITDA between EUR 278 million and EUR 318 million, reflecting significant growth from 2024.