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Income Statement (EUR)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 63M | 231.3% |
| Gross Profit | 33M | 513.5% |
| Cost of Revenue | 30M | 12.8% |
| Operating expense | 14M | 15% |
| Net Income | 21M | 200.7% |
| EBITDA | 31M | 425.1% |
Balance Sheet (EUR)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.59B | 7.1% |
| Total Liabilities | 438M | 18.7% |
| Total Equity | 1.15B | 3.2% |
| Shares Outstanding | 338M | 2.5% |
Cash Flow (EUR)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 4.2M | 68.3% |
| Cash from financing | 74M | 63.3% |
Financial Highlights for Cadeler in Q2 '24
Cadeler reported a revenue of 63M, which is a 231.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 33M, marking a 513.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 30M, a 12.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 14M, showing a 15% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 21M, showing a 200.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 31M, showing a 425.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Cadeler with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
