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Income Statement (EUR)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 81M | 27.6% |
| Gross Profit | 47M | 45% |
| Cost of Revenue | 33M | 8.8% |
| Operating expense | 14M | 1.8% |
| Net Income | 28M | 32.1% |
| EBITDA | 41M | 31.9% |
Balance Sheet (EUR)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.83B | 15% |
| Total Liabilities | 695M | 58.6% |
| Total Equity | 1.13B | 1.6% |
| Shares Outstanding | 351M | 3.8% |
Cash Flow (EUR)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 27M | 560.2% |
| Cash from financing | 228M | 209.5% |
Financial Highlights for Cadeler in Q3 '24
Cadeler reported a revenue of 81M, which is a 27.6% 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 47M, marking a 45% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 33M, a 8.8% 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 1.8% 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 28M, showing a 32.1% 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 41M, showing a 31.9% 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.
