Roald Hartvigsen's questions to Cadeler (CDLR) leadership • H1 2025
Question
Roald Hartvigsen of Clarksons Securities inquired about the potential for finding alternative work for the vessel assigned to the halted Revolution Wind project. He also asked whether developers are beginning to push back on the size of termination fees in new contracts, given recent industry events.
Answer
CEO Mikkel Gleerup responded that redeploying the vessel from the Revolution Wind project is not straightforward due to project-specific mobilization and the client's desire for it to remain ready. He noted significant interest from other clients if it were to become available. Regarding contract terms, Gleerup stated he has not seen pushback on termination fees, framing them as a necessary protection for Cadeler, although project execution remains the primary goal.