$Cadeler AS (CDLR.US)$
Cadeler Reports Strong Q3 Results Backed by Solid Client Demand and High Utilisation of Its Growing, Modern and Flexible Fleet
Positive
Revenue increased 252% YoY to EUR 81M in Q3 2024
EBITDA grew 500% YoY to EUR 48M in Q3 2024
Record backlog of EUR 2.386B with 88.7% FID-secured projects
Fleet utilization improved to 86.5% in Q3
Guidance increased for FY2024 revenue and EBITDA
New major contracts secured including East Anglia TWO (EUR 360-382M)
Negative
9-month pr...