Cadeler A/S/Nkr CADLR
1D1W1MYTD1Y5YMAX
Capital at risk
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 23B
10.15
kr 5.82
0.71
-
Price and volume
Market cap
kr 23B
Beta
0.71
52-week high
kr 69.10
52-week low
kr 39.64
Average daily volume
476K
Financial strength
Current ratio
1.623
Quick ratio
1.528
Long term debt to equity
0.832
Total debt to equity
0.908
Interest coverage (TTM)
4.31%
Profitability
EBITDA (TTM)
4,515.485
Gross margin (TTM)
47.03%
Net profit margin (TTM)
27.47%
Operating margin (TTM)
37.17%
Effective tax rate (TTM)
1.58%
Revenue per employee (TTM)
kr 7,020,290
Management effectiveness
Return on assets (TTM)
5.37%
Return on equity (TTM)
12.74%
Valuation
Price to earnings (TTM)
10.151
Price to revenue (TTM)
2.701
Price to book
12.79
Price to tangible book (TTM)
12.93
Price to free cash flow (TTM)
-6.691
Free cash flow yield (TTM)
-14.95%
Free cash flow per share (TTM)
-8.833
Growth
Revenue change (TTM)
56.83%
Earnings per share change (TTM)
-18.70%
3-year revenue growth (CAGR)
77.17%
3-year earnings per share growth (CAGR)
22.56%
Bulls say / Bears say
Cadeler’s contract backlog remained robust at EUR 2,705 million as of 31 March 2026, providing strong visibility into future earnings. (SEC 6-K)
The company completed a private placement raising approximately EUR 175 million in Q1 2026 to fund two T-class newbuilds and a scour protection vessel, strengthening its growth funding. (SEC 6-K)
Management reaffirmed full-year 2026 guidance of EUR 854–944 million in revenue and EUR 420–510 million in EBITDA, signalling confidence in operational execution. (SEC 6-K)
Fleet utilisation declined to 47.6% in Q1 2026 from 55.3% in Q1 2025, reflecting idle transit and maintenance days that pressure gross margins. (SEC 6-K)
Approximately 18% of Cadeler’s EUR 2,705 million contract backlog at 31 March 2026 relates to projects without a final investment decision, risking cancellations or deferments. (SEC Form 6-K)
Cost of sales rose by EUR 53 million in Q1 2026 versus Q1 2025 due to the addition of three new vessels, eroding margins despite higher revenues. (SEC IR Presentation)
Data summarised monthly by Lightyear AI. Last updated on 25 Aug 2026.
Upcoming events
No upcoming events
Funds containing Cadeler A/S
AllEURGBPUSD
Fund name | Fund size | Nkr CADLR weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.09% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.09% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.01% |
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.