Cadeler anticipates 2021 revenue rise
Cadeler has reported an annual revenue of €20m in 2020, compared with €38m in 2019, with an “unprecedented” €310m order backlog positioning it for a 2021 revenue increase of €56-63m. Revenue for 2020 was impacted by upgrades to the fleet which lowered short-term operational capacity, but with the whole fleet again fully operational, Cadeler said it expects a “significantly increased” revenue for 2021. Chief executive Mikkel Gleerup said: “We are operating in a rapidly growing market and by virtue of our successful IPO and subsequent substantial fleet upgrades, Cadeler is poi...