OB:CADLRConstruction
Cadeler (OB:CADLR) Stock Can Revenue Momentum Outrun Margin Compression
Cadeler came into this earnings print with a stock that had quietly added just over 8% in the past week and about 10% over the past month, hardly a distressed offshore wind play. The headline today is simple: Q2 revenue of €282.8m and net profit of €94.95m point to a business that is actually converting its expanded fleet and growing backlog into cash generating work.
For a company often viewed as a leveraged way to play long term offshore wind growth, this quarter is really about earnings...