Cadeler A/S (CDLR) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Cadela's third quarter 2025 earnings presentation. Presenting today are Mikel Glirop, Chief Executive Officer and Peter Brogard, Chief Financial Officer. Please be reminded that presenters' remarks today will include forward-looking statements. Actual results may differ materially from those contemplated. The risks and uncertainties that could cause Cattler's results to differ materially from today's forward-looking statements include those detailed in Cattler's annual report on Form 20F, on file with the United States Security and Exchange Commission. Any forward-looking statements made this morning are based on assumptions as of today and CADLA 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. Michael Glirrup, you may begin. Thank you very much, and thank you to everyone dialing in to listen to our presentation this morning slash afternoon. Yeah, I will ask everybody to read through the disclaimer in the presentation. So annual report 2025 and first taking you through the highlights of 2025. Financial performance in Cattler in 2025 were above our expectations. We ended at the top end of t...