Cadeler AS (CDLR) shares surged 6.02% in pre-market trading on Tuesday, following the release of its impressive 2024 annual results and a positive outlook for 2025. The global leader in offshore wind transportation and installation reported significant growth and transformation in its operations, driving investor optimism.

The company's 2024 financial performance was particularly strong, with revenue more than doubling to €249 million from €109 million in the previous year. EBITDA saw an even more dramatic increase, tripling to €126 million from €42 million in 2023. This substantial growth was attributed to high demand for Cadeler's services, successful integration of Eneti following their merger, and the addition of new vessels to the fleet.

Looking ahead, Cadeler provided an optimistic outlook for 2025, projecting revenue in the range of €485 million to €525 million and EBITDA between €278 million and €318 million. This forecast underscores the company's ongoing growth trajectory and strong market positioning in the offshore wind sector.

Adding to the positive sentiment, Cadeler reported a record-high order backlog of €2.5 billion as of the report date, up significantly from €1.7 billion at the end of 2023. This robust backlog, coupled with the company's strategic fleet expansion and upgrades, positions Cadeler well for continued growth in the coming years. The company's commitment to sustainability and its role in the global energy transition further solidifies its appeal to investors focused on renewable energy opportunities.