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Cadeler A/S/Nkr CADLR

1D1W1M3M6MYTD1Y5YMAX

About Cadeler A/S

Cadeler A/S, headquartered in Copenhagen, Denmark, specializes in the transportation, installation, and maintenance of offshore wind turbine generators and related infrastructure. The company operates a fleet of offshore jack-up wind farm installation vessels, including Wind Orca, Wind Osprey, Wind Scylla, and Wind Zaratan, with additional vessels under construction. Established in 2008, Cadeler has expanded its global presence with offices in Denmark, the UK, the US, Taiwan, and Japan. In December 2023, Cadeler completed a business combination with Eneti Inc., enhancing its fleet and service capabilities. The company reported a revenue of EUR 249 million in 2024, more than doubling from the previous year, and maintains a contract backlog of EUR 2.5 billion as of March 2025.
Ticker
Nkr CADLR
Sector
Industrials
Primary listing
XOSL
Employees
1,126
Headquarters
Copenhagen, Denmark
Website
www.cadeler.com

Cadeler A/S Metrics

BasicAdvanced
kr 25B
11.26
kr 5.53
0.71
-

What the Analysts think about Cadeler A/S

Analyst ratings (Buy, Hold, Sell) for Cadeler A/S stock.
Analyst projections of the future price of Cadeler A/S stock.

Bulls say / Bears say

Management raised 2026 revenue guidance to EUR 910–1,000 million and EBITDA guidance to EUR 435–525 million, including Menck and a planned hammer sale. This lifts the near-term earnings outlook. (U.S. Securities and Exchange Commission)
First-half revenue more than doubled to EUR 408 million on an adjusted comparison with last year, as contracted days increased. The EUR 2.5 billion backlog offers substantial work visibility. (Cadeler A/S)
Cadeler could benefit from a shortage of capable installation vessels as offshore wind projects expand, particularly towards the end of the decade. Industry reporting says demand may outstrip supply from 2029, supporting the case for its expanded fleet. (Journal of Commerce)
Fleet utilisation was 47.6% in Q1, down from 55.3% a year earlier, as new vessels spent time in transit and existing vessels underwent maintenance or upgrades. If low-use periods persist, the enlarged fleet could weigh on returns. (Cadeler A/S)
The expansion is capital-intensive: borrowings were EUR 1.63 billion at June, and two new T-class vessels add EUR 805 million of contracted investment. Higher debt and funding costs could limit financial flexibility. (Cadeler A/S, Cadeler A/S)
US offshore wind is a demand risk: DBRS expects sector headwinds through 2028 after lease cancellations and a halt to new lease auctions. Cadeler says it operates in North America, so further setbacks could delay or remove work in that market. (Morningstar DBRS, Cadeler A/S)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 2026.

Cadeler A/S Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Cadeler A/S Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Cadeler A/S

AllUSDEURGBP
Funds
Fund name
Fund size
Nkr CADLR weighting
L&G Clean Energy£RENG
$749M1.84%
L&G Clean Energy$RENW
$749M1.84%
Xtrackers MSCI Europe Small Cap£XXSC
$3.6B0.08%
Xtrackers MSCI Europe Small Cap€DX2J
$3.6B0.08%
Vanguard ESG Developed Europe All Cap£V3EA
€125M0.01%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.