Earnings ·
Cadeler A/S reported H1 2026 interim financial results, with revenue more than doubling to EUR 408 million and EBITDA…
CDLRCadeler A/S
Cadeler A/S reported H1 2026 interim financial results, with revenue more than doubling to EUR 408 million and EBITDA increasing to EUR 208 million compared to the prior year period adjusted for one-off termination fees. Profit rose to EUR 88 million, driven by fleet expansion and higher contracted days, while vessel utilization remained stable at 66%. The company maintains its full-year guidance of EUR 854-944 million in revenue and EUR 420-510 million in EBITDA, noting that the August acquisition of Menck will impact these figures. Cadeler also took delivery of its eleventh vessel, Wind Ace, and secured a nearly EUR 2.5 billion order backlog. Cadeler A/S is an offshore wind installation partner operating the industry’s largest fleet of jack-up vessels for turbine transport and installation.