Cadeler Q1 FY26 EBITDA more than doubles to EUR 47 million; revenue rises 92.31% to EUR 125 million

• Cadeler posted Q1 2026 revenue of EUR 125 million, more than doubled from a year earlier.
• EBITDA rose to EUR 47 million from EUR 24 million in Q1 2025.
• Fleet utilization fell 7.7 percentage points to 47.6% across 10 operating vessels, reflecting transit periods for Wind Ally and Wind Mover, the completion of Wind Keeper’s upgrade scope, and scheduled dry-docking for Wind Orca.
• Order backlog stood at EUR 2.71 billion at March 31, with 82% tied to projects where clients have taken final investment decisions.
• Cadeler maintained its 2026 outlook for revenue of EUR 854 million to EUR 944 million and EBITDA of EUR 420 million to EUR 510 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cadeler A/S published the original content used to generate this news brief on May 19, 2026, and is solely responsible for the information contained therein.