Cadeler A/S (NYSE:CDLR) reported that its first-quarter 2026 performance was in line with internal expectations, as management highlighted a larger operating fleet, a EUR 2.7 billion backlog and continued progress on key offshore wind installation projects.
Chief Executive Officer Mikkel Gleerup said the quarter “has been running exactly as expected,” pointing to financial performance consistent with company plans and what he described as “solid earnings visibility” from the current backlog. Chief Financial Officer Peter Brogaard Hansen said the company viewed the quarter as “a strong start to the year,” while reaffirming Cadeler’s full-year outlook.
