Quarterly ResultMay 20, 2026, 06:37 AM
Cadeler Q1 Revenue EUR 125M, EBITDA EUR 47M; Maintains 2026 Guidance
AI Summary
Cadeler reported strong financial results for the first quarter of 2026, with revenue increasing to EUR 125 million and EBITDA rising to EUR 47 million, driven by fleet expansion and operational activity. Despite a temporary impact on fleet utilization due to new capacity integration and maintenance, the company maintained its full-year 2026 guidance for both revenue and EBITDA. Cadeler also strengthened its long-term fleet strategy by completing a EUR 175 million private placement to fund new wind installation vessels and expanded its presence in offshore wind operations and maintenance.
Key Highlights
- Cadeler Q1 2026 revenue increased to EUR 125 million, up from EUR 65 million in Q1 2025.
- EBITDA increased to EUR 47 million in Q1 2026, compared to EUR 24 million in Q1 2025.
- Fleet utilization was 47.6% across ten operating vessels in Q1 2026.
- Order backlog remained robust at EUR 2,705 million as of March 31, 2026.
- Company maintains full-year 2026 revenue guidance of EUR 854 million to EUR 944 million.
- Full-year 2026 EBITDA guidance reiterated in the range of EUR 420 million to EUR 510 million.
- Successfully completed a private placement raising approximately EUR 175 million to finance newbuilds and vessel acquisition.
Price Impact
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