Earnings ·
Cadeler A/S published its interim financial report for the first half of 2026 on August 25, 2026
CDLRCadeler A/S
Cadeler A/S published its interim financial report for the first half of 2026 on August 25, 2026. The company reported revenue of EUR 408 million and EBITDA of EUR 208 million, with a net profit of EUR 87.9 million. This represents a decrease in net profit compared to the prior year period, which benefited from EUR 111 million in non-recurring termination fees. Cadeler completed a private placement in March 2026, raising approximately EUR 175 million to finance new T-class vessel orders and expansion into scour protection. Subsequent to the reporting period, the company acquired Menck, a specialist offshore foundation installation provider, and took delivery of its eleventh wind installation vessel, Wind Ace. The contract backlog stood at EUR 2.487 billion as of late August 2026. Cadeler A/S operates in the offshore wind industry, providing turbine transport and installation services.