Wind turbine installation services provider Cadeler reported first-half revenue of EUR 408 million, more than doubling from the prior-year period, while net income rose 54% to EUR 88 million. The company attributed the growth to fleet expansion, higher contracted days, and scaled operations that improved flexibility and reduced project risks.
Cadeler’s order backlog stood at nearly EUR 2.5 billion as of August 2026, underpinning its full-year outlook. The company maintained its 2026 revenue guidance in a range of EUR 854 million to EUR 944 million, with EBITDA projected between EUR 420 million and EUR 510 million. Operational improvements included investments in transport and foundation installation capabilities, alongside the completion of a restricted-effort operation and orders for new vessels.
The company is evaluating the impact of its pending acquisition of Menck on its 2026 projections, with an update expected in the coming weeks.
