Cadeler A/S (CDLR) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Caddler's Q1 2026 earnings presentation. Presenting today are Mikael Glierup, Chief Executive Officer, and Peter Brogard, Chief Financial Officer. Please be reminded that the presenter's remarks today will include forward-looking statements. Actual results may differ materially from those contemplated. The risks and uncertainties that could cause Caddler's results to differ materially from today's forward-looking statements include those detailed in Caddler's annual report, on Form 20F, on file with the United States Securities and Exchange Commission. Any forward-looking statements made this morning are based on assumptions as of today, and Cadler undertakes no obligation to update these statements as a result of new information or future events. This morning's presentation includes both IFRS and certain non-IFRS financial measures. A reconciliation of non-IFRS financial measures to the nearest IFRS equivalent is provided in Caddler's annual report. The annual report and today's earnings presentation are available on Caddler's website at caddler.com forward slash investor. We ask that you please hold all questions until the completion of the formal remarks, at which time you will be given instructions for the question and answer session. As a reminder, this call is being recorded today. If you have any objections, please disconnect at this time. Mikael, clear up, you may begin. Thank you very much, and hello to everyone, and thank you for joining this Q1, 2026 presentation from Cattler. Just to start off the presentation, really a quarter that it has been running exactly as expected, financial performance in line with our expectations, continuing a robust backlog of work, standing currently at 2.7 billion Euro, which we believe provides a...