Brief: Cadeler Gets Termination Notice From Orsted For Long-Term Agreement

Cadeler A/S

01/07/2025 15:15

July 1 (Reuters) - Cadeler A/S CADLR.OL:

RECEIVES TERMINATION NOTICE FROM ØRSTED FOR LONG-TERM AGREEMENT

AGREEMENT HAD SECURED A-CLASS VESSEL CAPACITY FROM Q1 2027 THROUGH END OF 2030

TERMINATION OF LONG-TERM AGREEMENT IS PRINCIPALLY A RESULT OF ØRSTED'S DECISION TO DISCONTINUE WORK TOWARDS HORNSEA 4 OFFSHORE WIND FARM

REVISES 2025 REVENUE GUIDANCE UPWARDS TO EUR 588-628 MILLION

REVISES 2025 EBITDA GUIDANCE UPWARDS TO EUR 381-421 MILLION

ENTITLED TO COMPENSATION DUE TO AGREEMENT TERMINATION

Source text: ID:nObiW95SWa

Further company coverage: CADLR.OL

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