Cadeler A/S

Cadeler A/S announced the early completion of its share buy-back program, which was initiated on May 27, 2026. The program concluded as the maximum number of shares to be repurchased was reached ahead of schedule. The buy-back was intended to fulfill obligations related to employee share-based incentive programs, with a total of 105,275 shares repurchased for approximately NOK 6.6 million.

Cadeler A/S has announced the launch of a share buy-back program totaling up to NOK 7.6 million (approximately EUR 700,000). The program, authorized by shareholders, is intended to fulfill the company's obligations related to its employee share-based incentive programs. It will run from May 27, 2026, to June 5, 2026, and will be conducted in accordance with Market Abuse Regulation Safe Harbour Rules.

Cadeler A/S reported Q1 2026 revenue of EUR 125 million, a significant increase from Q1 2025, driven by an expanded fleet and higher contracted days. EBITDA rose to EUR 47 million, despite a slight decrease in adjusted fleet utilization. The company maintains a robust contract backlog of EUR 2.7 billion, providing solid earnings visibility, with 82% of the backlog related to projects with positive final investment decisions. Newbuild programs for Wind Ace and Wind Apex are on track, and the company has secured EUR 2,026 million in funding for its CapEx program.

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.

Cadeler A/S reported a significant increase in Q1 2026 revenue to EUR 125 million, up from EUR 65 million in Q1 2025, driven by fleet expansion and increased contracted days. Despite a rise in EBITDA to EUR 47 million, the company posted a net loss of EUR 7 million, primarily due to higher financial expenses as interest costs were expensed rather than capitalized for newly delivered vessels. The company successfully completed a private placement, raising approximately EUR 175 million to partly finance new Wind Foundation Installation Vessels and potential heavy-lift vessel acquisitions, and extended its EUR 100 million RCF-B Facility.

Cadeler A/S announced its plan to publish the Q1 2026 earnings release, detailing financial results for the first three months of 2026, on May 20, 2026, at 08:00 CET. The company will also host a live video webcast presentation for the investment community on the same day. CEO Mikkel Gleerup and CFO Peter Brogaard Hansen will present live from London at 08:00 EST / 13:00 UK / 14:00 CET.