Welcome to our dedicated page for Cadeler news (Ticker: CDLR), a resource for investors and traders seeking the latest updates and insights on Cadeler stock.
Cadeler AS (CDLR) is a key player in offshore wind energy infrastructure, specializing in vessel-based installation, maintenance, and decommissioning services. This page aggregates official company announcements, financial reports, and strategic updates critical for understanding its role in advancing renewable energy projects.
Investors and industry observers will find timely press releases covering earnings results, contract awards, and fleet expansions, alongside updates on safety initiatives and environmental compliance. All content is sourced directly from Cadeler AS or verified financial publications to ensure accuracy.
Regular updates include details on offshore wind farm developments, partnerships with energy providers, and technological advancements in marine operations. The curated collection serves as a historical record and real-time tracker of the company's market position within the growing renewable energy sector.
Bookmark this page for streamlined access to Cadeler AS's latest announcements and long-term strategic direction. Check back frequently for updates essential to evaluating the company's operational performance and industry impact.
Cadeler (CDLR) reported strong financial results for 2024, with revenue more than doubling to EUR 249 million from EUR 109 million in 2023. EBITDA reached EUR 126 million, up from EUR 42 million in 2023. The company achieved a record-high order backlog of EUR 2.5 billion.
Key operational highlights include fleet expansion with the delivery of Wind Peak vessel, successful crane upgrades on Wind Orca and Wind Osprey, and completion of several major projects including the installation of 60 turbines at Moray West in Scotland. The company maintained a 66% utilization rate despite scheduled maintenance.
For 2025, Cadeler projects revenue of EUR 485-525 million and EBITDA of EUR 278-318 million. The company secured significant contracts including projects with ScottishPower Renewables, Inch Cape Offshore, and Ørsted. Additionally, Cadeler raised EUR 152 million through a private placement in 2024.
Cadeler (NYSE: CDLR) has signed a Vessel Reservation Agreement with Ocean Winds for the installation of wind turbine generators at the BC-Wind offshore wind farm in the Polish Baltic Sea. The contract's potential value ranges between EUR 48-56 million. The project involves installing approximately 30 WTGs using one of Cadeler's O-class vessels, with completion scheduled for 2028.
The BC-Wind farm, located 23 km from the Polish coastline, will have a capacity of up to 500 MW. This agreement strengthens Cadeler's position in the Polish offshore wind market, adding to their existing projects including Bałtyk 2 and 3, Baltica 2, and Baltic Power. The Baltic Power project, involving 76 Vestas 15 MW turbines, is scheduled for completion in 2026.
Cadeler has secured two contracts for its newbuild wind installation vessel, Wind Mover, with a total estimated value of up to EUR 75 million. The contracts, signed with undisclosed clients, will commence immediately upon the vessel's delivery in Q4 2025 and cover operations and maintenance activities, along with potential installation work in Europe.
Wind Mover will be the second of two M-class wind installation vessels in Cadeler's newbuild portfolio, following its sister vessel Wind Maker's delivery in January 2025. These vessels are specifically designed to install next-generation offshore wind turbines. The combined agreement spans from Wind Mover's European arrival post-delivery until its next scheduled installation project.
Cadeler reported strong Q3 2024 results with revenue of EUR 81 million (vs EUR 23M in Q3 2023) and EBITDA of EUR 48 million (vs EUR 8M in Q3 2023). The company increased its 2024 guidance, now expecting revenue of EUR 243-253 million and EBITDA of EUR 115-125 million. Fleet utilization reached 86.5% in Q3.
The company welcomed the Wind Peak vessel, delivered on time and within budget. The order backlog stands at EUR 2.386 billion, including new contracts for Bałtyk 2 and 3 projects (EUR 120-144M) and East Anglia TWO project (EUR 360-382M). Total assets increased 46% to EUR 1.828 billion, with equity at EUR 1.132 billion.
