CD CDLR Cadeler A/S American Depositary Share Loading... : Bullish and Bearish Analyst Opinions

Cadeler reported massive Q4 YoY beats (Rev +149%, EPS +316%), but H1 was inflated by one-off contract cancellation fees. The headline numbers mask a significantly weaker H2 2025 (double miss on Rev/EBITDA) and uninspiring forward guidance. Avoid the stock as flat EBITDA guidance and weak underlying H2 performance will likely weigh on the share price despite the Q4 "beat". Gross margins did improve significantly (to 62%), which could attract value investors if the core business stabilizes.