Cadeler

Cadeler posted sharply improved results with Q2 revenue of EUR 282.8m and EBITDA of EUR 160.6m, and first-half revenue and EBITDA more than doubled year-on-year after adjusting for a prior EUR 111m termination fee. Fleet utilization rose to 85% in Q2 and the company operated 10 vessels versus seven a year earlier; Wind Ace was delivered ahead of schedule and Wind Apex is expected in Q2 2027. Cadeler completed the approx. EUR 500m acquisition of Menck to add foundation-installation equipment and data, financed initially with a EUR 380m bridge facility and a EUR 250m takeout term sheet, with no expected equity raise. Backlog was EUR 2.5bn (77% at FID) and the company maintained its 2026 standalone guidance of EUR 854–944m revenue and EUR 420–510m EBITDA. » More on finance.yahoo.com

Cadeler reports H1 revenues of EUR 408 million, more than doubling year-on-year. Net income rose 54% to EUR 88 million, also driven by fleet expansion and more contract days. The order backlog stood at just under EUR 2.5 billion in August. The company confirms its 2026 revenue guidance (EUR 854–944 million) and expects EBITDA of EUR 420–510 million; the effects of the Menck acquisition are still being reviewed. » More on de.investing.com

Cadeler announced the acquisition of specialist provider Menck for €501 million; the share fell 2.4% in pre-market trading. The transaction was signed and completed simultaneously, financed from cash and a €380 million acquisition facility from DNB and Rabobank, with the aim of later refinancing through long-term funding and operating cash flow. Menck will continue to operate as an independent company and brings expertise in hydraulic impact hammers; a new next-generation Windhammer is planned for early 2027. » More on de.investing.com