Cadeler A/S (CDLR) Q1 2025 Earnings Call

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WEBVTT 00:00:01.077 -- 00:00:06.365 Good morning and welcome to Cadillac's Q1 2025 earnings presentation. 00:00:06.365 -- 00:00:11.773 Presenting today are Mikel Glirop, Chief Executive Officer and Peter Brogard, 00:00:11.773 -- 00:00:17.040 Chief Financial Officer. Please be reminded that the presenters' remarks today will include 00:00:17.040 -- 00:00:22.829 forward-looking statements. Actual results may differ materially from those contemplated. 00:00:22.829 -- 00:00:26.901 The risks and uncertainties that could cause Cadillac's results to differ materially 00:00:26.901 -- 00:00:31.857 from today's forward-looking statements include those detailed in Cadillac's annual report 00:00:31.857 -- 00:00:37.730 on Form 20F on file with the United States Securities and Exchange Commission. 00:00:37.730 -- 00:00:41.980 Any forward-looking statements made this morning are based on assumptions as of today, 00:00:41.980 -- 00:00:47.012 and Cattler undertakes no obligation to update these statements as a result 00:00:47.012 -- 00:00:53.166 of new information or future events. This morning's presentation includes both IFRS 00:00:53.166 -- 00:00:59.178 and certain non-IFRS financial measures. A reconciliation of non-IFRS 00:00:59.178 -- 00:01:04.267 financial measures to the nearest IFRS equivalent is provided in Cadillac's annual 00:01:04.267 -- 00:01:09.376 report. The annual report and today's earnings presentation are available on 00:01:09.376 -- 00:01:13.623 Cadillac's website at cadillac.com forward slash investor. 00:01:13.623 -- 00:01:18.168 We ask that you please hold all questions until the completion of the formal remarks, 00:01:18.168 -- 00:01:22.252 at which time you'll be given instructions for the question and answer session. 00:01:22.252 -- 00:01:24.595 As a remin...