SAP sued by o9 Solutions over alleged trade secret theft
Investing.com -- Offshore wind installation company Cadeler A/S (OL:CADLR) on Thursday reported third-quarter EBITDA of €109 million, beating Bloomberg consensus estimates of €101 million, with vessel utilization reaching 92% during the period.
The company reaffirmed its full-year 2025 guidance, maintaining EBITDA expectations between €381-421 million and revenue projections of €588-628 million. With 80% of the targeted annual EBITDA already achieved in the first nine months of 2025, Cadeler appears positioned to reach the upper half of its guidance range.
Third-quarter revenue came in at €154 million, surpassing internal estimates of €148 million and aligning with consensus forecasts. The company’s net profit for the quarter reached €64 million, exceeding both internal projections of €53 million and Bloomberg consensus estimates of €57 million.
Vessel utilization improved significantly to 91.6% in the third quarter, up from 76.2% in the second quarter, contributing to the strong performance.
Cadeler’s order book increased by 15% to €2.9 billion compared to the €2.5 billion reported in the second quarter, following €558 million in recent contract awards. Approximately 78% of the current backlog (€2.25 billion) relates to projects where counterparties have taken positive final investment decisions.
The company reported net debt of €1.2 billion at the end of the third quarter, higher than consensus expectations of €1.04 billion, primarily due to increased capital expenditures of €258 million during the period.
Total equity increased by 5% to €1.446 billion compared to €1.371 billion at the end of the second quarter.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.