Cadeler A/S (CDLR) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.614 Good morning and welcome to Cadela's H1 2026 earnings presentation. 00:00:05.614 -- 00:00:10.656 Presenting today are Mikkel Gleerup, Chief Executive Officer, and Peter Brogaard, Chief 00:00:10.656 -- 00:00:12.657 Financial Officer. 00:00:12.657 -- 00:00:18.240 Please be reminded that the presenters' remarks today will include forward-looking statements. 00:00:18.240 -- 00:00:22.262 Actual results may differ materially from those contemplated. 00:00:22.262 -- 00:00:26.324 The risks and uncertainties that could cause Cadela's results to differ materially from 00:00:26.324 -- 00:00:31.292 today's forward-looking statements include Those detailed in Cadella's annual report 00:00:31.292 -- 00:00:33.254 on Form 20-F, 00:00:33.254 -- 00:00:38.138 on file with the United States Securities and Exchange Commission. 00:00:38.138 -- 00:00:42.361 Any forward-looking statements made this morning are based on assumptions as of today, 00:00:42.361 -- 00:00:47.946 and Cadella undertakes no obligation to update these statements as a result of new information 00:00:47.946 -- 00:00:50.288 or future events. 00:00:50.288 -- 00:00:56.302 This morning's presentation includes both IRFS and certain non-IRFS financial measures. 00:00:56.302 -- 00:01:01.686 A reconciliation of non-IRFS financial measures to the nearest IRFS equivalent 00:01:01.686 -- 00:01:04.889 is provided in Cadala's annual report. 00:01:04.889 -- 00:01:09.592 The annual report and today's learning presentation are available on Cadala's website 00:01:09.592 -- 00:01:13.736 at cadala.com forward slash investor. 00:01:13.736 -- 00:01:18.359 We ask that you please hold all questions until the completion of the formal remarks, 00:01:18.359 -- 00:01:22.743 at which time you'll be given instruc...