Cadeler H1 revenue more than doubles on fleet expansion

Cadeler stock rose 4.6% to NOK 56.1 as the share exchange offer period for its UK redomiciliation ended. Analysts have a 'Buy' consensus with a NOK 71.52 price target, and the company recently raised its 2026 revenue and EBITDA guidance. The move was driven by the deadline and strong fundamentals, not broader market factors.

Cadeler (CDLR) reported H1 2026 revenue of EUR 408 million, up from EUR 299 million YoY, and EBITDA of EUR 208 million, down from EUR 213 million YoY due to a non-recurring fee. Net profit was EUR 88 million, down from EUR 168 million. Q2 revenue grew 432% YoY to EUR 282.8 million, with EBITDA up 106% to EUR 160.6 million. The company has a EUR 2.5 billion contract backlog and expects full-year revenue of EUR 854-944 million. Management highlighted fleet expansion, the Menck acquisition, and mar

Cadeler A/S (CDLR) shares rose 7% after reporting H1 2026 revenue growth to 407.5M euros, up from 298.5M euros in 2025. The stock traded at $25.72, up 7.27%, with a 52-week range of $15.37-$30.01.

Cadeler reported Q2 vessel operating expenses of EUR 39,871 per day and completed the EUR 500M acquisition of Menck, financed with a EUR 380M bridge facility. The company's backlog grew 23% to EUR 2.5B. Cadeler maintained its 2026 revenue guidance of EUR 854M-944M and EBITDA of EUR 420M-510M, excluding Menck's impact. The company is expanding its fleet and operations, with new vessels scheduled for delivery in 2027, 2030, and 2031.

Cadeler reported H1 2026 results with revenue up 119% to €408M and EBITDA up 104% to €208M vs. H1 2025, excluding one-off fees. Fleet expansion and higher contracted days drove growth. Full-year guidance remains unchanged. The company acquired Menck in August 2026, impacting 2026 outlook. Order backlog stands at nearly €2.5B.

Cadeler completed its acquisition of German offshore foundations specialist Menck from Acteon in a deal valued at €501m ($578m). Cadeler financed it with existing liquidity and a €380m facility from DNB Bank and Rabobank. Menck will remain standalone and supply fixed-bottom foundation equipment. Cadeler will review 2026 revenue and EBITDA guidance impact.