Cadeler A/S (CDLR) Q4 2024 Earnings Conference Call March 25, 2025 9:00 AM ET Company Participants Mikkel Gleerup - CEO Peter Brogaard Hansen - CFO Conference Call Participants Martin Huseby - DNB Jamie Franklin - Jefferies Benjamin Nolan - Stifel Pet Billing - SEB Asne Holsen - ABG Sundal Collier Roald Hartvigsen - Clarksons Operator Good morning, and welcome to Cadeler's 2024 Annual Result Report Presentation. Presenting today are Mikkel Gleerup, Chief Executive Officer; and Peter Brogaard, Chief Financial Officer.
Cadeler, a global leader in offshore wind farm construction, is poised to benefit from the delayed but intact renewable energy trend. Unlike turbine manufacturers, Cadeler's focus on the construction, maintenance, and decommissioning ensures more stable margins. The offshore wind market is projected to grow significantly, from $14.6 billion in 2024 to $41.8 billion by 2033.
Here is how Cadeler (CDLR) and DSV (DSDVY) have performed compared to their sector so far this year.
Growth stocks have been on a wild ride for the past few years. The pandemic sent many soaring to unbelievable heights.