Cadeler A/S Sponsored ADR (CDLR) has released an update.
Cadeler A/S reported a Q1 2023 loss of EUR 21 million due to scheduled maintenance, but maintains its 2024 revenue and EBITDA guidance, reflecting its strategic focus on expanding its fleet to meet the offshore wind industry’s demand. With an order book of EUR 1.8 billion and significant contracts signed, including a long-term agreement with Ørsted, the company is poised to capitalize on the growing market. The company also successfully raised EUR 155 million through a private placement to support its growth initiatives.
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