Cadeler H1 Revenue and EBITDA More Than Double to EUR 408M and EUR 208M
CDLR sits 56% above its 52-week low of $15.37.
Summary
Cadeler reported H1 2026 revenue of EUR 408 million and EBITDA of EUR 208 million, both more than doubling year-over-year after adjusting for one-off termination fees in the prior period. Profit rose 54% to EUR 88 million. The company maintained full-year guidance of EUR 854-944 million revenue and EUR 420-510 million EBITDA, though the Menck acquisition may impact those figures. Order backlog stands at nearly EUR 2.5 billion. This follows the August 10 order for two T-class vessels and the August 11 Menck acquisition, reinforcing the fleet expansion strategy. The earnings call is scheduled for today at 8:00 AM EDT.
At the time of this announcement, CDLR was trading at $23.97 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $15.37 to $30.01. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.