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Cadeler A/S Sponsored ADR
(NYSE:CDLR)
Cadeler A/S Sponsored ADR (CDLR) vs. SPDR S&P 500 ETF (SPY)
Cadeler A/S Sponsored ADR Business Overview & Revenue Model
Cadeler A/S Sponsored ADR Earnings Call Summary
Cadeler A/S Sponsored ADR Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 538.74M | 248.74M | 108.62M | 106.42M | 60.94M | 19.50M |
| Gross Profit | 343.16M | 121.49M | 52.64M | 56.09M | 21.91M | -26.44M |
| EBITDA | 381.64M | 124.47M | 49.65M | 62.91M | 27.30M | -31.96M |
| Net Income | 269.60M | 65.07M | 11.50M | 35.54M | 7.45M | -27.03M |
Balance Sheet | ||||||
| Total Assets | 3.06B | 1.94B | 1.25B | 670.03M | 424.77M | 336.81M |
| Cash, Cash Equivalents and Short-Term Investments | 217.76M | 58.46M | 96.61M | 19.01M | 2.31M | 63.64M |
| Total Debt | 1.43B | 581.99M | 206.56M | 115.28M | 73.58M | 74.29M |
| Total Liabilities | 1.61B | 703.12M | 293.52M | 129.46M | 99.51M | 95.75M |
| Stockholders Equity | 1.45B | 1.23B | 959.04M | 540.57M | 325.26M | 241.06M |
Cash Flow | ||||||
| Free Cash Flow | -664.19M | -522.85M | -3.55M | -196.37M | -133.18M | -265.74M |
| Operating Cash Flow | 333.85M | 93.10M | 63.38M | 29.04M | 30.20M | -9.60M |
| Investing Cash Flow | -998.14M | -615.75M | -54.73M | -225.41M | -163.38M | -256.14M |
| Financing Cash Flow | 784.80M | 481.99M | 70.27M | 213.07M | 71.85M | 338.81M |
Cadeler A/S Sponsored ADR Technical Analysis
Cadeler A/S Sponsored ADR Risk Analysis
Cadeler A/S Sponsored ADR Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $1.78B | 3.88 | 13.16% | 3.57% | 3.82% | -13.73% | |
76 Outperform | $1.87B | 6.20 | 14.98% | 2.96% | -29.82% | -16.77% | |
76 Outperform | $1.57B | 6.22 | 8.36% | 0.37% | -1.33% | -33.66% | |
73 Outperform | $1.58B | 4.99 | 20.61% | ― | ― | ― | |
67 Neutral | $2.27B | 37.71 | 2.50% | 4.15% | -13.87% | -82.48% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $2.05B | 1.02 | 25.25% | 21.84% | 1.63% | -30.30% |
Cadeler A/S Sponsored ADR Corporate Events
On December 2, 2025, Cadeler A/S announced a major shareholder notification due to Nordea Funds Ltd.’s indirect purchase of shares on November 21, 2025. As a result, Nordea Funds Ltd. now indirectly controls 5.02% of Cadeler’s total share capital and voting rights. This change in shareholding highlights a significant investment in Cadeler, potentially impacting its market positioning and investor relations.
On December 1, 2025, Cadeler A/S announced a series of share transactions involving BW Altor Pte. Ltd., a company closely associated with Andreas Sohmen-Pao, Chairman of the Board of Directors. The transactions, which occurred on November 27 and 28, 2025, involved significant purchases of Cadeler shares at various prices, totaling over 17 million shares. These transactions reflect strategic movements within the company’s leadership and could have implications for Cadeler’s market positioning and stakeholder interests.
On December 1, 2025, Cadeler A/S announced a significant change in its shareholder structure following BW Altor Pte. Ltd.’s acquisition of 17,510,330 shares on November 27, 2025. This purchase increased BW Altor’s ownership to 27.36% of Cadeler’s total share capital, marking a substantial rise from the previous 20.41%. This development could potentially impact Cadeler’s strategic direction and stakeholder interests, given BW Altor’s increased influence within the company.
On December 1, 2025, Cadeler A/S announced the enhancement of its financial position through a new unsecured green corporate term loan facility totaling EUR 60 million, with an option to increase by EUR 80 million. Arranged by HSBC and Clifford Capital, this facility aims to bolster Cadeler’s financial flexibility, enabling the company to better navigate market dynamics, support strategic priorities, and maintain resilience. This move underscores Cadeler’s commitment to sustainable growth and its capability to execute large-scale offshore wind projects, reinforcing its position in the renewable energy sector.
On November 28, 2025, Cadeler announced the successful delivery of ‘Wind Mover,’ the tenth vessel in its fleet of next-generation wind turbine installation vessels. Delivered ahead of schedule, the vessel is set to begin operations in Europe, enhancing Cadeler’s capacity to support large-scale offshore wind projects. This delivery is part of Cadeler’s strategic expansion, doubling its fleet size within a year, and positioning the company as a leader in the offshore wind sector with plans to operate a 12-vessel fleet by mid-2027.
On November 25, 2025, Cadeler A/S announced transactions involving its shares by individuals with managerial responsibilities and their associates. Niki Invest ApS, associated with board member Ditlev Wedell-Wedellsborg, purchased shares on November 21 and 24, 2025, at the Oslo Stock Exchange. These transactions reflect ongoing insider activities and could impact stakeholder perceptions of the company’s market position.
On November 20, 2025, Cadeler A/S announced its financial results for the nine months ending September 30, 2025, highlighting strong operational performance and strategic contract acquisitions. The company reported successful delivery of three out of four newbuild vessels scheduled for 2025, with the remaining vessel on track for early delivery. Cadeler’s robust contract backlog, valued at EUR 2.9 billion, underscores its market strength and future earnings visibility. Notable contracts include a significant long-term agreement with Vestas and new projects in Poland and an undisclosed location, enhancing its industry positioning and stakeholder confidence.
On November 20, 2025, Cadeler A/S announced its Third Quarter 2025 earnings, highlighting significant financial growth compared to the previous year. The company reported a revenue increase to EUR 453 million, driven by termination fees from a Long-Term Agreement with Ørsted and enhanced fleet utilization. The addition of new vessels, including Wind Maker, Wind Peak, and Wind Pace, contributed to higher costs but also improved operational capacity, achieving a 75.8% utilization rate. Cadeler’s EBITDA rose to EUR 322 million, and the profit for the period was EUR 232 million, reflecting substantial growth from 2024. The company’s financial outlook remains positive, with reaffirmed guidance for full-year revenue and EBITDA, and its order book for 2025 is nearly full, indicating strong future prospects.
Cadeler reported strong financial and operational results for Q3 2025, with a significant increase in revenue and net profit compared to the previous year. The company expanded its fleet from five to nine vessels, which contributed to a 75.8% utilisation rate. Cadeler’s order backlog grew with major contracts, including a EUR 58 million project in Poland and a EUR 500 million offshore wind farm project. The company secured a EUR 125 million Green Term Loan Facility and reaffirmed its full-year financial outlook. Cadeler is set to begin a significant project at Ørsted’s Hornsea 3 offshore wind farm in early 2026, marking a strategic step in its service offerings.
On November 10, 2025, Cadeler announced the signing of two significant contracts for the transportation and installation of offshore wind turbines and their foundations, valued at approximately EUR 500 million. These contracts, set to commence in 2029 and 2030, reinforce Cadeler’s position as a full-service provider in the offshore wind industry, demonstrating its strategic alignment with market demands and its capacity to handle complex projects. The agreements are contingent upon the client’s investment decision, with potential termination fees if the project does not proceed.
On November 10, 2025, Cadeler A/S announced its plans to release its Q3 2025 earnings on November 20, 2025. The company will host a live video webcast presentation for the investment community on the same day, featuring CEO Mikkel Gleerup and CFO Peter Brogaard Hansen. This upcoming earnings release and presentation are significant for stakeholders as they provide insights into Cadeler’s financial performance over the first nine months of 2025, potentially impacting the company’s market positioning and investor relations.
On October 16, 2025, Cadeler A/S reported a transaction involving the purchase of American Depositary Receipts (ADRs) by its CEO, Mikkel Gleerup. The transaction involved 1,000 ADRs, representing 4,000 shares, at an average price of USD 19.345 per ADR. This transaction highlights the ongoing engagement of Cadeler’s management in the company’s stock, potentially signaling confidence in the company’s future prospects and stability within the offshore wind industry.
On October 1, 2025, Cadeler A/S announced a series of share transactions involving BW Altor Pte. Ltd., a company closely associated with Andreas Sohmen-Pao, the Chairman of Cadeler’s Board of Directors. These transactions, which took place on September 30, 2025, involved the purchase of a significant number of shares across various price points on the Aquis Exchange Europe. The transactions highlight active engagement by key stakeholders, potentially impacting Cadeler’s market positioning and signaling confidence in the company’s strategic direction.
On September 23, 2025, Cadeler A/S reported a transaction involving the sale of 2,500 American Depositary Receipts (ADRs), representing 10,000 shares, by its Chief Financial Officer, Peter Brogaard Hansen. This transaction, conducted on the New York Stock Exchange, was part of the company’s ongoing compliance with the Market Abuse Regulation, highlighting transparency in managerial dealings. The sale, priced at USD 20.86 per ADR, totaled USD 52,150, reflecting Cadeler’s commitment to maintaining regulatory standards and providing stakeholders with pertinent financial disclosures.
Cadeler has successfully taken delivery of its first A-class vessel, Wind Ally, marking a strategic milestone in its fleet expansion. Delivered on September 25, 2025, ahead of schedule and within budget, Wind Ally will immediately commence operations at Ørsted’s Hornsea 3 offshore wind farm, taking on the full transport and installation scope for offshore monopile foundations. This move positions Cadeler as a full-service provider in the foundations market, enhancing its industry positioning and operational capabilities. The vessel’s unique design, tailored for XXL monopiles, offers unmatched efficiency and flexibility, further solidifying Cadeler’s role in advancing offshore wind projects.
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.