Cadeler Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:CA2 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
27 Mar 26	Buy€3,410,084	BW Wind Services Pte. Ltd.	Company	715,000	€4.77
26 Mar 26	Buy€60,802,371	BW Wind Services Pte. Ltd.	Company	12,126,875	€5.01
26 Mar 26	Buy€51,940,304	Scorpio Holdings Limited	Company	6,929,642	€7.50
28 Jan 26	Buy€3,337,812	Scorpio Holdings Limited	Company	666,065	€5.01
28 Nov 25	Buy€596,629	BW Wind Services Pte. Ltd.	Company	160,182	€3.72
27 Nov 25	Buy€66,151,098	BW Wind Services Pte. Ltd.	Company	17,510,330	€3.78
30 Sep 25	Buy€6,146,872	BW Wind Services Pte. Ltd.	Company	1,442,210	€4.29
10 Sep 25	Buy€10,033,728	BW Wind Services Pte. Ltd.	Company	2,239,501	€4.48
27 Jun 25	Sell€3,446,816	Scorpio Holdings Limited	Company	767,766	€4.49

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of CA2?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	273,376	0.0708%
Institutions	103,120,244	26.7%
General Public	124,204,995	32.2%
Private Companies	158,364,734	41%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 64.98% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
28.2%	BW Wind Services Pte. Ltd.	109,007,909	€517.7m	13.4%	no data
12.8%	Scorpio Holdings Limited	49,356,825	€234.4m	31.1%	no data
5.18%	Nordea Investment Management, AB	19,983,739	€94.9m	0%	0.06%
4.78%	Folketrygdfondet	18,462,464	€87.7m	0%	0.56%
4.76%	Marble Bar Asset Management, LLP	18,355,000	€87.2m	20.8%	28.92%
1.64%	Vanguard Capital Management, LLC	6,329,425	€30.1m	-0.03%	no data
1.34%	KLP Kapitalforvaltning AS	5,157,972	€24.5m	-3.23%	0.06%
0.75%	BlackRock, Inc.	2,890,771	€13.7m	6.88%	no data
0.65%	Condire Investors, LLC	2,497,600	€11.9m	0%	1.31%
0.52%	ValueWorks LLC	2,010,000	€9.5m	-5.11%	2.37%
0.48%	BNPP Asset Management Holding	1,868,677	€8.9m	0%	0.01%
0.46%	Vanguard Fiduciary Trust Company	1,757,549	€8.3m	0%	no data
0.45%	Dimensional Fund Advisors LP	1,727,102	€8.2m	11.8%	no data
0.4%	Storebrand Asset Management AS	1,543,856	€7.3m	0%	0.02%
0.39%	ODDO BHF Asset Management SAS	1,500,835	€7.1m	0%	0.11%
0.3%	Invesco Capital Management LLC	1,167,408	€5.5m	-54.7%	no data
0.27%	Legal & General Investment Management Limited	1,054,428	€5.0m	0%	no data
0.25%	Deutsche Asset & Wealth Management	981,135	€4.7m	0%	no data
0.25%	American Century Investment Management Inc	965,352	€4.6m	166%	no data
0.25%	Value Intelligence Advisors GmbH	964,991	€4.6m	0%	0.84%
0.19%	Franklin Resources, Inc.	730,384	€3.5m	22%	no data
0.18%	Petrus Advisers LLP	706,589	€3.4m	0%	1.48%
0.17%	TEQ Capital GmbH	653,561	€3.1m	0%	3.13%
0.15%	Susquehanna International Group, LLP	585,224	€2.8m	-0.08%	no data
0.14%	Arctic Asset Management AS	551,691	€2.6m	0%	0.25%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/22 10:50
End of Day Share Price	2026/06/19 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Cadeler A/S is covered by 9 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mattias Karlkjell	ABG Sundal Collier
Daniel Vårdal Haugland	ABG Sundal Collier
Jørgen Lande	Danske Bank