Latest Issue
 
Windtech International September October 2024 issue

 

FOLLOW US AT

follow

 

follow


Cadeler has published its annual report for 2021, stating that the Company has tripled its revenue during the past year and has returned to profitability. The revenue for 2021 totalled EUR 61 million, an increase of 212% against EUR 19.5 million in 2020.
 
The growth reflects a 77% utilization rate of the vessels in the Cadeler fleet. The realized EBITDA amounted to EUR 28 million, compared to EUR -10 million in 2020. The 2021 expected EBITDA was EUR 26-30 million. For 2022, Cadeler expects improvements on key metrics. Based on the current contract coverage, the financial performance for 2022 is expected to result in a revenue in the range of EUR 96-110 million and an EBITDA in the range of EUR 56 million to EUR 70 million. The Company has signed contracts that will provide a continuous flow of projects from 2022 to 2026. The contract pipeline amounts to a total value of EUR 409 million.
 
Use of cookies

Windtech International wants to make your visit to our website as pleasant as possible. That is why we place cookies on your computer that remember your preferences. With anonymous information about your site use you also help us to improve the website. Of course we will ask for your permission first. Click Accept to use all functions of the Windtech International website.