Ørsted : A valuation that is becoming difficult to justify
>A very turbulent pipeline - Due to the tricky situation, Orsted has decided to halt the development of Ocean Wind 1 and 2, which represent the lion’s share of depreciations (DKK 19.9bn). This decision should result in the booking of a provision in EBITDA for Q4 of DKK 8-11bn (ODDO BHF DKK 9.5bn), which means that the 2023 target of EBITDA of DKK 20-23bn should now exclude provisions and farm down. In parallel, Orsted confirmed the FID for Revolution Wind (704 MW) an...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.