Cadeler A/S Sponsored ADR (CDLR) has released an update.
Cadeler A/S Sponsored ADR reports a Q1 2024 loss of EUR 21 million amidst vessel upgrades and expansion, contrasting with the previous year’s profit of EUR 2 million. Despite a stable revenue of EUR 19 million, costs doubled due to a business combination with Eneti. The company anticipates a stronger performance for the remainder of the year, with expected revenues of EUR 225-245 million and an EBITDA of EUR 105-125 million.
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