Cadeler Reports Strong Q1 Revenue & EBITDA Growth, EUR 2.7B Backlog, Despite Net Loss
CDLR sits 77% above its 52-week low of $15.37 on elevated volume (3.0× avg).
Summary
Cadeler A reported strong Q1 2026 revenue and EBITDA growth, driven by fleet expansion and project execution, alongside a robust EUR 2.7 billion backlog and progress on newbuilds, despite a net loss.
Key Events · Earnings and Guidance · CDLR
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Strong Q1 2026 Financial Performance
Revenue increased by EUR 59 million to EUR 125 million, and EBITDA grew by EUR 23 million to EUR 47 million, driven by fleet expansion.
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Net Loss Reported
The company reported a net loss of EUR 7.0 million for Q1 2026, compared to a net profit of EUR 1.8 million in Q1 2025.
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Robust Contract Backlog
Contract backlog remains strong at EUR 2.7 billion as of May 20, 2026, providing solid earnings visibility.
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Newbuild Program on Track
Progress continues on new A-class vessels, with Wind Ace 98% complete for Q3 2026 delivery and Wind Apex accelerated for Q2 2027.
Analysis · CDLR · Energy & Transportation
Cadeler A's Q1 2026 results show significant revenue and EBITDA growth driven by fleet expansion and strong project execution in the offshore wind sector. The company maintains a robust contract backlog and is progressing with its newbuild program, positioning it for continued growth in a favorable market. While a net loss was reported, the underlying operational performance and strategic investments are positive indicators for future performance.
How filings like this one have moved
In the 30 days to Oct 21, 2026, 28.9% of the 1511 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.54%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CDLR was trading at $27.28 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.6B. The 52-week trading range was $15.37 to $30.01. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.