Cadeler (CDLR) H1 2025 Earnings Call August 26, 2025 08:00 AM ET Company ParticipantsMikkel Gleerup - CEO & Member of the Executive BoardPeter Hansen - Chief Financial OfficerRoald Hartvigsen - VP - Equity ResearchConference Call ParticipantsJamie Franklin - Equity AnalystOperatorGood morning, and welcome to Caterpillar's H1 twenty twenty five Earnings Presentation. Presenting today are Mikael Glerop, Chief Executive Officer and Peter Brogaard, Chief Financial Officer. Please be reminded that presenters' re ...

Financial Performance & Backlog - Cadeler's financial performance exceeded expectations, leading to increased full-year guidance in July 2025[9] - The company's contract backlog remains strong at EUR 25 billion[13, 29] - 97% of the contract backlog, totaling EUR 2412 million, relates to projects with a positive final investment decision (FID)[36] - Revenue increased by EUR 170 million in Q2 2025 compared to Q2 2024, with utilization at 76% and adjusted utilization at 94%[46] - Revenue increased by EUR 216 million in H1 2025 compared to H1 2024, with utilization at 67% and adjusted utilization at 89%[50] Fleet & Operations - Cadeler took delivery of the Wind Keeper, securing a long-term contract with Vestas for three years, with options for an additional two and a half years, potentially worth over EUR 380 million[10, 35] - Seven vessels are currently on hire globally, including two in Taiwan and two in North America[11] - Cadeler has secured EUR 2058 million in funding for its CAPEX program, including Wind Keeper, with EUR 1225 million drawn as of June 30, 2025, leaving EUR 833 million undrawn[57] Market Outlook & Strategy - The company anticipates an undersupply of capable vessels from 2029 onwards, driven by increasing market demand, including strong growth in demand for O&M[101] - Cadeler is building up Nexra, a new service concept for the offshore wind industry, to address the strong and increasing demand for O&M services, especially for larger turbines[12, 95]

Orsted says it will continue with plans to sell shares as it tries to contain a growing crisis that worsened after Trump administration ordered the offshore wind giant to halt construction of an almost-finished project https://t.co/pPYQ8iiKmp ...

Denmark’s plan to inject billions of dollars into the offshore wind giant Orsted has sparked political backlash: Here's your Evening Briefing https://t.co/mjyoAWzahL ...

The first US-flagged boat that can bury the undersea cables to connect offshore wind turbines to the power grid on land has started work within view of the Statue of Liberty and the New York City skyline.Josh Saul has more https://t.co/nPtNYbnLL9 https://t.co/BlCES7PUMK ...

The Netherlands will slash its offshore wind ambitions by as much as 40% as the government no longer finds it viable to aim for 50 gigawatts of generation capacity by 2040 https://t.co/lm9aSRWGIC ...

Key Takeaways Petrobras launches geophysical and geotechnical tenders off the Rio coast for wind energy assessment. Surveys will provide data critical for turbine foundations and subsurface wind site analysis. Nearby Port of Acu offers logistical advantages, boosting feasibility of PBR's wind pilot project.Petróleo Brasileiro S.A. - Petrobras (PBR) has launched two key tenders for geophysical and geotechnical surveys off the coast of Rio de Janeiro, signaling its push into offshore wind development.Taking ...