Brief: Cadeler Says Received Notice Of Termination Of Aflandshage Offshore Wind Project In Øresund, Denmark

Cadeler A/S

13/11/2023 22:25

Nov 13 (Reuters) - Cadeler A/S  CADLR.OL :
    * CADELER HAS RECEIVED NOTICE OF TERMINATION OF AFLANDSHAGE
OFFSHORE WIND PROJECT IN ØRESUND, DENMARK
    * CADELER- CANCELLATION WILL NOT IMPACT CO'S LONG-TERM
FINANCIAL
PERFORMANCE,BUT WILL HAVE POSITIVE IMPACT ON GUIDANCE PROVIDED
FOR FINANCIAL YEAR 2023
    * CONTRACT TO CO BY SIEMENS GAMESA FOR TRANSPORTATION AND
INSTALLATION OF 26 11MW WIND TURBINES, SET TO BEGIN IN 2026, HAS
BEEN CANCELLED
    * CADELER - NOW INCREASES REVENUE GUIDANCE FOR FINANCIAL
YEAR 2023
WHICH IS EXPECTED TO BE BETWEEN EUR 100 TO 105 MILLION
    * CADELER - FY 2023 EBITDA GUIDANCE HAS ALSO BEEN NARROWED
AND IS
NOW EXPECTED TO BE WITHIN RANGE OF EUR 40 TO 45 MILLION AFTER
TRANSACTIONAL COSTS
    * FY 2023 ADJUSTED EBITDA IS EXPECTED TO BE WITHIN RANGE OF
EUR 47
TO 52 MILLION

Source text for Eikon:  ID:nObi9dDvra 
Further company coverage:  CADLR.OL 

 ((Reuters.Briefs@thomsonreuters.com;))