Petter Diskerud Billing's questions to Cadeler (CDLR) leadership • Q4 2024
Question
Petter Diskerud Billing from SEB posed a tax-related question about whether the shift to T&I services would alter the company's tax structure. He also asked if developers are showing a preference for higher-specification vessels for O&M work, even on smaller turbines.
Answer
Executive Peter Hansen confirmed that the new T&I services are covered under the existing U.K. and Danish tonnage tax regimes, so no change is expected. Executive Mikkel Gleerup explained that higher-spec vessels are often preferred for their operational flexibility and capability, noting that factors like water depth can make them necessary even for smaller turbines, a choice often driven by availability rather than preference.