Cadeler A/S Sponsored ADR (CDLR) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Cadeler A/S has reported a robust third quarter in 2024, with revenues rising to EUR 81 million and EBITDA reaching EUR 48 million, driven by strong client demand and high fleet utilization. The company has upgraded its annual revenue and EBITDA forecasts, reflecting a burgeoning order backlog of nearly EUR 2.4 billion. Cadeler’s expanding fleet, including the new Wind Peak vessel, positions it well to meet increasing market needs, particularly in Asia and Europe.
For further insights into CDLR stock, check out TipRanks’ Stock Analysis page.
