Business

Cadeler Reports Strong Start to 2025 Driven by Fleet Expansion and Increased Utilisation

COPENHAGEN, Denmark, May 21, 2025--Today, Cadeler A/S ("Cadeler" and, together with its subsidiaries, the "Group") published its Q1 2025 Earnings Release, delivering progress in both financial and operational performance in the same quarter that the company has expanded its operational fleet, having taken delivery of two new vessels.

articleCadeler A/sMay 21, 20255/company/cadeler-as-1/news/cadeler-reports-strong-start-to-2025-driven-by-fleet-expansion-and-increased-utilisation
Cadeler Reports Strong Start to 2025 Driven by Fleet Expansion and Increased Utilisation

About this update from Cadeler A/s

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":3509,"height":484,"url":"https://media.zenfs.com/en/business-wire.com/1d7dbb92df4daa93ee195e7acb34a78f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/IqmA5o6M.r18pNaZnbvJ9Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTEzMjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/1d7dbb92df4daa93ee195e7acb34a78f","width":960,"height":132},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/H_cxRkXj.Ym43VUjKAjniw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD0zMzI7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/1d7dbb92df4daa93ee195e7acb34a78f","width":1200,"height":166}},"lazy":false},{"type":"text","content":"COPENHAGEN, Denmark, May 21, 2025--(BUSINESS WIRE)--Today, Cadeler A/S ("Cadeler" and, together with its subsidiaries, the "Group") published its Q1 2025 Earnings Release, delivering progress in both financial and operational performance in the same quarter that the company has expanded its operational fleet, having taken delivery of two new vessels.","length":372,"tagName":"p"},{"type":"text","content":"For the first three months of 2025, Cadeler reported revenue of EUR 65 million, an increase of EUR 46 million compared to EUR 19 million in the same period of 2024.","length":164,"tagName":"p"},{"type":"text","content":"EBITDA rose to EUR 24 million, an increase of EUR 34 million from a loss of EUR 10 million in Q1 2024.","length":102,"tagName":"p"},{"type":"text","content":"The expectation for both revenue and EBITDA remains unchanged for 2025 as communicated in Cadeler’s Annual Report 2024: full-year revenue is expected to range between EUR 485-525 million and EBITDA is expected to range between EUR 278-318 million.","length":247,"tagName":"p"},{"type":"text","content":"Fleet ramp-up and utilisation","length":29,"tagName":"p"},{"type":"text","content":"In the first quarter of 2025, Cadeler took delivery of two new state-of-the-art jack-up wind farm installation vessels. Wind Maker was delivered to the company in January 2025 and has already begun her first installation job at the Greater Changhua 2b and 4 offshore wind farms in Taiwan, developed by Ørsted. Wind Pace was delivered to the company in March 2025 and will be deployed at an offshore wind farm project in the U.S. unde...

More updates from Cadeler A/s

offshore windMikkel GleerupWind Makeroperational fleet