Cadeler Third Quarter 2024 Earnings: Beats Expectations

Cadeler (OB:CADLR) Third Quarter 2024 Results

Key Financial Results

• Revenue: €80.6m (up 150% from 3Q 2023).
• Net income: €27.7m (up from €76.1m loss in 3Q 2023).
• Profit margin: 34% (up from net loss in 3Q 2023).
• EPS: €0.077 (up from €0.39 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cadeler Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Construction industry in Norway.

Performance of the Norwegian Construction industry.

The company's shares are up 2.7% from a week ago.

Risk Analysis

Be aware that Cadeler is showing 3 warning signs in our investment analysis that you should know about...

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