Åsne Holsen

Jamie Franklin

Martin Karlsen

Benjamin Nolan

Petter Diskerud Billing

Roald Hartvigsen

- Cadeler's **H1 2025 financial performance exceeded expectations**, leading to the maintenance of its increased full-year guidance, which projects revenue between **EUR 588 million and EUR 628 million** and EBITDA between **EUR 381 million and EUR 421 million**.  **[1978867_tx_320619_1]** **[1978867_tx_320619_4]** 
- The company's backlog remains strong at **EUR 2.5 billion**, with **97%** of projects having a final investment decision, ensuring significant earnings visibility.  **[1978867_tx_320619_1]** **[1978867_tx_320619_2]** **[1978867_tx_320619_3]** 
- Newbuild vessels, **Wind Ally** and **Wind Mover**, are progressing ahead of schedule, with Wind Ally's delivery anticipated in **September** and Wind Mover's in **Q4 2025**.  **[1978867_tx_320619_2]** 
- The recently acquired **Windkeeper** vessel has secured a long-term contract with Vestas, set to commence in **Q1 2026**, reinforcing the company's strategic expansion into O&M services.  **[1978867_tx_320619_1]** 
- Cadeler anticipates a continued **undersupply of vessels** for efficient foundation installation from **2029** onwards, supporting a positive long-term market outlook for offshore wind and O&M services.  **[1978867_tx_320619_6]** **[1978867_tx_320619_9]**

Cadeler (CDLR)