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22.05.25 - 11:03
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Cadeler Acquires Additional Jack-Up Vessel in Strategic Expansion to Meet Growing Global O&M Demand (Business Wire)
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COPENHAGEN, Denmark--(BUSINESS WIRE)--#cadeler--Cadeler today announces that it has agreed to acquire the Boqiang 3060 – a newly-constructed jack-up wind turbine installation vessel (WTIV) – from Shanghai Boqiang Heavy Industry Group Co., Ltd, expanding its fleet and enhancing its capacity to meet the increasing global demand for offshore wind turbine operations & maintenance (O&M) services.
The vessel will be renamed Wind Keeper, a name symbolising both the vessel's position as a rare and valuable find – a true “keeper” – and her focus on ensuring the up-keep of green energy generation through the provision of O&M services to the offshore wind industry.
Completed in 2024 and fitted with advanced European equipment, including a Huisman main crane with a 2,200 t lifting capacity, Kongsberg's DP2 dynamic positioning system, MAN-supplied engines and a Siemens propulsion system, the vessel is uniquely suited for the global offshore O&M market, with 120-meter-long jack-up legs that will enable he...
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21.05.25 - 11:18
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Cadeler Reports Strong Start to 2025 Driven by Fleet Expansion and Increased Utilisation (Business Wire)
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COPENHAGEN, Denmark--(BUSINESS WIRE)--Today, Cadeler A/S (“Cadeler” and, together with its subsidiaries, the “Group”) published its Q1 2025 Earnings Release, delivering progress in both financial and operational performance in the same quarter that the company has expanded its operational fleet, having taken delivery of two new vessels.
For the first three months of 2025, Cadeler reported revenue of EUR 65 million, an increase of EUR 46 million compared to EUR 19 million in the same period of 2024.
EBITDA rose to EUR 24 million, an increase of EUR 34 million from a loss of EUR 10 million in Q1 2024.
The expectation for both revenue and EBITDA remains unchanged for 2025 as communicated in Cadeler's Annual Report 2024: full-year revenue is expected to range between EUR 485-525 million and EBITDA is expected to range between EUR 278-318 million.
Fleet ramp-up and utilisation
In the first quarter of 2025, Cadeler took delivery of two new state-of-the-art jack-up wind farm installation vessels. Wind M...
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25.03.25 - 08:18
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Cadeler Reports Strong 2024 Annual Results, Marking a Year of Strategic Transformation and Strong Growth (Business Wire)
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COPENHAGEN, Denmark--(BUSINESS WIRE)--Today, Cadeler A/S (“Cadeler” and, together with its subsidiaries, the “Group”), a global leader in offshore wind transportation and installation, has published its 2024 annual report, highlighting a year of significant transformation, strong growth, strategic fleet expansion, and an all-time high contract backlog.
2024 was a landmark year for Cadeler, driven by strong client demand, strategic fleet expansion, and significant progress on its integration of Eneti, following the merger completed in 2023, which solidified Cadeler's position as the world's leading pure-play offshore wind transportation and installation company.
A year of transformation, strong growth, and major milestones
Cadeler more than doubled its revenue in 2024 to EUR 249 million, an increase of EUR 140 million from EUR 109 million in 2023. The increase in revenue was driven by high demand for Cadeler's services, the successful business combination with Eneti (completed in December 2023) ...
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