Cadeler A/S (CDLR) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.020 Good morning and welcome to Cadillac's H1 2025 earnings presentation. 00:00:05.020 -- 00:00:09.989 Presenting today are Mikael Glierup, Chief Executive Officer, and Peter Brogard, Chief 00:00:09.989 -- 00:00:14.617 Financial Officer. Please be reminded that the presenters' remarks today will include 00:00:14.617 -- 00:00:20.247 forward-looking statements. Actual results may differ materially from those contemplated. 00:00:20.247 -- 00:00:24.777 The risks and uncertainties that could cause Cattler's results to differ materially from 00:00:24.777 -- 00:00:29.928 today's forward-looking statements include those detailed in Cattler's annual report 00:00:29.928 -- 00:00:35.620 on Form 20F, on file with the United States Securities and Exchange Commission. 00:00:35.620 -- 00:00:40.247 Any forward-looking statements made this morning are based on assumptions as of today 00:00:40.247 -- 00:00:45.095 and Cadillers undertakes no obligation to update these statements as a result of new 00:00:45.095 -- 00:00:50.764 information or future events. This morning's presentation includes both IFRS 00:00:50.764 -- 00:00:56.533 and certain non-IFRS financial measures. A reconciliation of non-IFRS 00:00:56.533 -- 00:01:01.682 financial measures to the nearest IFRS equivalent is provided in Cadillers' annual 00:01:01.682 -- 00:01:06.842 report. The annual report and today's earnings presentation are available on Caddler's 00:01:06.842 -- 00:01:10.809 website at caddler.com forward slash investor. 00:01:10.809 -- 00:01:15.177 We ask that you please hold all questions until the completion of the formal remarks, 00:01:15.177 -- 00:01:19.163 at which time you'll be given instructions for the question and answer session. 00:01:19.163 -- 00:01:21.347 As a remi...