Ørsted : Credible targets even though they are less ambitious than expected
>Poor 2023 results but better than expected - Ørsted yesterday reported poor results but which beat our expectations and the consensus. Excluding new partnerships and provisions for shutting down the Ocean Wind contract, the group’s underlying performance exceeded the guidance at DKK 24bn versus a range of DKK 20-23bn and our estimate of DKK 22bn. Based on this operating performance, the net result exceeded our expectations and consensus forecasts at DKK -20.1bn vers...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.