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    Åsne Holsen • ABG Sundal Collier

    Åsne Holsen's questions to Cadeler A/S (CDLR) leadership

    Åsne Holsen's questions to Cadeler A/S (CDLR) leadership • Q1 2025

    Question

    Åsne Holsen from ABG Sundal Collier noted the strong year-over-year order book growth but questioned the lack of significant development between the end of Q1 and the date of the call, asking if clients were delaying contract signings.

    Answer

    Executive Mikkel Gleerup advised against comparing backlog growth over short, few-month periods, explaining that contract negotiations are lengthy and their timing can vary. He emphasized that the company focuses on annual targets rather than monthly inflows and reiterated his confidence in the market fundamentals, pointing to the expected undersupply of capable assets in the coming years.

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    Åsne Holsen's questions to Cadeler A/S (CDLR) leadership • Q4 2024

    Question

    Åsne Holsen of ABG Sundal Collier requested a definition of the "medium term" during which the company does not expect to pay dividends.

    Answer

    Peter Hansen (Executive) defined the "medium term" as the period until the second A-class vessel is delivered in 2026, due to a covenant in their Holdco facility. Mikkel Gleerup (Executive) added that the Board has begun discussions on future capital return policies and will communicate plans to the market when ready.

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    Åsne Holsen's questions to Cadeler A/S (CDLR) leadership • Q4 2024

    Question

    Åsne Holsen of ABG Sundal Collier asked for a definition of the 'medium term' during which Cadeler does not expect to pay dividends.

    Answer

    Executive Peter Hansen defined 'medium term' as the period until the second A-class vessel is delivered in 2026, which is tied to a covenant in their Holdco facility. Executive Mikkel Gleerup added that while there is a restriction, discussions about a future dividend policy have already begun with the Board, and the market will be updated when a decision is made.

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