Ørsted : 2023 was a year to forget but encouraging signs for 2024
>Historic -albeit expected- losses in 2023 - The group is due to report its 2023 results on 7 February. The guidance of EBITDA in the DKK 20-23bn range excl. capital gains on disposals and provisions will likely be met: we are looking for EBITDA of DKK 21,943m according to this definition. In contrast, on an accounting basis, results are expected to fall sharply over the year (after the writedowns in Q3 but also the provisions expected in Q4) and should result in EBIT...Orsted is a renewable energy company based in Denmark. Co. is engaged in developing a renewables portfolio based on competences in offshore wind, bioenergy, and energy solutions. Co. is active in deploying offshore wind and converting existing coal- and gas-fired power stations to sustainable biomass, providing a heat and power supply which is both green and flexible. Co. divides its operations into four businesses: Wind Power, Bioenergy & Thermal Power, and Distribution & Customer Solutions. The Bioenergy & Thermal Power and Distribution & Customer Solutions businesses jointly constitute Co.'s Danish utility business. Co. maintains activities primarily in Northwestern Europe.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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