Cadeler A/S (CDLR) Q1 2025 – Earnings Conference Call May 21, 2025 8:00 AM ET
Company Participants
Mikkel Gleerup – CEO
Peter Brogaard Hansen – CFO
Conference Call Participants
Martin Huseby – DNB
Jamie Franklin – Jefferies
Roald Hartvigsen – Clarksons
Asne Holsen – ABG
Good morning, and welcome to Cadeler’s Q1 2025 Earnings Presentation. Presenting today are Mikkel Gleerup, Chief Executive Officer and Peter Brogaard, Chief Financial Officer. Please be reminded that the presenters’ remarks today will include forward-looking statements. Actual results may differ materially from those contemplated. The risks and uncertainties that could cause Cadeler’s results to differ materially from today’s forward-looking statements include those detailed in Cadeler’s annual report on Form 20F on file with the United States Securities and Exchange Commission.
Any forward-looking statements made this morning are based on assumptions as of today, and Cadeler undertakes no obligation to update these statements as a result of new information or future events. This morning’s presentation includes both IFRS and certain non IFRS financial measures. A reconciliation of non-IFRS financial measures to the nearest IFRS equivalent is provided in Cadeler’s annual report. The annual report and today’s earnings presentation are available on Cadeler’s website at cadeler.com/investor. We ask that you please hold all questions until the completion of the formal remarks, at which time you’ll be given instructions for the question and answer session.
As a reminder, this call is being recorded today. If you have any objections, please disconnect at this time. Mikkel Gleerup, you may begin.
Mikkel Gleerup
Thank you. Welcome to this Q1 2025 presentation. Thank you for joining us for the presentation of what has gone on in Q1 2025 in Cadeler. Firstly, a few highlights. What we want to say is that our financial performance in this quarter is in line with our expectations. No negative or positive
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