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    Unknown Analyst • Clarksons

    Unknown Analyst's questions to Cadeler A/S (CDLR) leadership

    Unknown Analyst's questions to Cadeler A/S (CDLR) leadership • Q4 2024

    Question

    An analyst from Clarksons asked about the market impact of the Saipem and Subsea7 merger and the prospects for further consolidation in the offshore wind installation space.

    Answer

    Mikkel Gleerup (Executive) opined that the merger's market impact would be limited. He stated that further industry consolidation is challenging due to the declining viability of many legacy assets and significant operational overlaps between potential partners, which contrasts with Cadeler's successful merger with Eneti that had minimal overlap.

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    Unknown Analyst's questions to Cadeler A/S (CDLR) leadership • Q4 2024

    Question

    An analyst from Clarksons asked about recent industry consolidation, specifically the Saipem and Subsea7 merger, and its potential impact on market dynamics. They also inquired about the prospects for further consolidation in the offshore wind installation space.

    Answer

    Executive Mikkel Gleerup opined that the Saipem/Subsea7 merger is beneficial for those companies but is unlikely to significantly impact broader market dynamics. He noted that while the industry remains fragmented, further consolidation is complex due to the varying quality and age of assets across fleets and the challenge of finding mergers with limited operational overlap, highlighting the unique success of Cadeler's own merger with Eneti.

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