Ørsted : At least base effects will be favourable next year…
>Q3 results miss expectations - Ørsted released its Q3 results yesterday, missing expectations. Adjusted EBITDA came out at DKK 2,984m (-11% y-o-y) while we were expecting DKK 3,195m and the consensus DKK 3,065m, and adjusted EBIT amounted to DKK 1,045m (-17% y-o-y) which was in line with the consensus (of DKK 1,014m) but slightly lower than we had expected (ODDO BHF DKK 1,195m). Adjusted net profit, meanwhile, reached DKK 487m (-96% y-o-y or -54% l-f-l excluding cap...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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